TrueCredit is part of the TransUnion credit bureau and was founded in 1968. Today, it's one of the world's leading business intelligence providers and maintains one of the largest collections of consumer information.
- Unlimited TransUnion updates
- Email updates for critical changes
- Instant email alerts
- Lock and unlock credit report option
- Personalized debt analysis and credit score trending
- Credit score simulator
- Unlimited toll-free access to identity theft specialists
- Up to $1,000,000 in identity theft insurance
Unlimited TransUnion Updates
After signing up with TrueCredit, you will receive unlimited updates to your TransUnion credit report and score. This puts TrueCredit above most because several other credit monitoring companies only provide updates monthly or yearly.
Email Updates for Critical Changes
TrueCredit will send you email updates for any critical changes it detects to your credit with all three of the major credit bureaus. However, the company doesn't state what changes it deems critical enough to notify you. Therefore, you will have to contact TrueCredit for more clarification about this feature.
Instant Email Alerts
Another great thing about TrueCredit is that it will also send you an email alert as soon as TransUnion discovers that someone has applied for credit in your name. This is significant because it will allow you to preempt someone's attempt to fraudulently use your information.
Lock and Unlock Credit Report Option
The lock and unlock option allows you to easily lock your TransUnion credit report so no one else can access the information. You can then unlock your report whenever you need or want to.
Personalized Debt Analysis and Credit Score Trending
TrueCredit will provide you with a personalized debt analysis so you can identify areas where there is room for improvement. The company will give you your credit score trending number as well. This will help you to see how what you are doing or how the changes you are making are affecting your credit score either positively or negatively.
Credit Score Simulator
This feature will allow you to estimate how various financial decisions could help or hurt your credit scores. For example, you can see how applying for a new credit card or taking out a car loan or mortgage could change your score. This will help you make more educated decisions about what you really want to do and how you should go about doing it.
Unlimited Toll-Free Access to Identity Theft Specialists
TrueCredit provides you with unlimited toll-free access to identity theft specialists. This will help you understand what to do and how you should proceed if you ever become a victim of identity theft.
Up to $1,000,000 in Identity Theft Insurance
You will receive up to $1,000,000 in identity theft insurance coverage with your TrueCredit membership. This policy reimburses you for expenses in the event that you fall victim to identity theft.
- No mobile app
- FICO scores not provided
- Website information limited
No Mobile App
It appears that TrueCredit does not provide a mobile app to help its customers stay on top of their credit on the go using a smartphone or tablet. In today's world, the lack of a mobile app can be a major inconvenience.
FICO Scores Not Provided
TrueCredit does not provide you with your FICO score for each credit bureau. Rather, the company uses the VantageScore 3.0 model to determine your credit risk. The company goes on to say that every lender uses different types of credit scores to make their lending decisions, and the majority of lenders use the FICO model. Therefore, you should not base your creditworthiness on just one number as there are many determining factors.
Website Information Limited
TrueCredit's website is very limited as far as containing enough information that would help a potential customer decide whether or not this is the best company for their particular needs. Generally, people don't want to give out their personal information before they've had a chance to thoroughly research and narrow down their credit monitoring company choices. And TrueCredit, while offering plenty of educational material, doesn't really give much information about exactly what you will get with its services. You have to sign up before getting more detailed information.
The Bottom Line
TransUnion, the parent company of TrueCredit, is a well-respected company with a long, stable history of providing credit services. Therefore, we don't have any problem recommending this company as a credit monitoring provider.
TrueCredit gives you unlimited TransUnion updates and will email you about critical changes to your TransUnion report or if someone tries to apply for credit in your name. Additionally, TrueCredit makes it easy for you to lock and unlock your credit report. And the company provides you with a personalized debt analysis and credit score trending number. You also will get unlimited toll-free access to identity theft specialists should you ever have a problem, as well as up to $1,000,000 in identity theft insurance.
However, TrueCredit doesn't provide you with your FICO scores; it uses a different scoring model that isn't always used by the various vendors you might encounter. And, the TrueCredit website information is extremely limited. The information it provided isn't really enough to make an educated decision about whether or not this company is what's best for you and your particular situation.