Introduction
Smart Credit offers a powerful suite of features for users. The interactive credit report from Smart Credit provides a more easily readable and understandable report than traditional credit reports. Instead of forcing you to scroll through pages of account history, the smart credit report allows you to flip through your credit report information piece by piece, as if you were flipping through the pages of a book.
What can you do on Smart Credit?
When all tradelines are displayed on your credit report, Smart Credit allows you to take a variety of actions based on that information. For example, you can:
- Submit a kindly request to remove an item
- Make an offer to settle an account
- Flag an account as not yours or as a result of identity theft
- Ask a creditor a question
These actions are sent directly to creditors or credit bureaus electronically, and their responses are sent back the same way. The benefit is that you don’t have to worry about having the correct address or account number.
By subscribing to Smart Credit, you will gain access to VantageScore 3.0. This scoring model is useful for educational purposes to get an idea of where you stand, but you should be aware that a creditor may use other credit scoring models.
You can easily assess your credit standing using a variety of credit scores: traditional credit scores, auto scores, insurance scores, and employment scores. This collection may be the most comprehensive set of scores available in any single monitoring service.
Additionally, the future score simulator ScoreBoost allows you to measure how your credit scores could improve if you take specific actions against your credit, such as removing debt through a goodwill letter.
Subscribing to Smart Credit also gives you access to other tools, like Jean Chatzky’s ScoreBuilder, which helps you improve your credit scores in 120 days, and the Debt Negotiator system for settling debts yourself.
Monthly Cost
Smart Credit offers two subscription levels: basic and premium. The basic membership is currently priced at $19.95 per month and comes with two monthly updates to your credit report and scores, unlimited access to ScoreTracker, ScoreBuilder, ScoreBoost, Credit Monitoring, and Money Manager. You can also take five credit actions each month.
The premium membership, priced at $27.95 per month, includes all the benefits of the basic membership plus unlimited updates to your credit report and scores and unlimited credit actions.
Both membership levels provide access to reports and scores from all three major credit bureaus and $1 million in fraud insurance. Activation of fraud insurance benefits is required. Smart Credit offers a seven-day trial and a risk-free offer. If you cancel within seven days, you won’t pay anything. If you cancel after seven days, you agree to pay any outstanding charges incurred up to the date of your cancellation.
Conclusion
Smart Credit provides an exciting and easy way to understand your credit report. The $19.95 price is comparable to what you would pay for a credit report and score from a bureau, but Smart Credit gives you access to a lot more information than a standard credit report. While you can complete correspondence with creditors using templates found online or letters you create yourself, having the option to submit requests quickly and directly through the app is a nice feature.
Unfortunately, there isn’t a more basic version of Smart Credit for users who only wish to view their credit report and scores, so the subscription price may not be worth it if you don’t need all the extra features. However, for those looking for a comprehensive credit reporting and management application, Smart Credit offers many compelling features.
Note:
The company provided free access to this service for review purposes. For more information, please see our ethics policy.
Source: https://www.thebalancemoney.com/smartcredit-com-review-960467
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