Credit keeper is a credit monitoring service which allows you to keep an eye on your credit score and therefore manage your credit report to minimize any impact on your financial requirements. The state of your credit report and your FICO score can affect your ability to secure credit or loans for anything from a new car to your home. It can also have a bearing on how much insurance you pay and is even used by some employers to check how capable you are of managing your finances.
How does CreditKeeper work?
Credit keeper is a service offered by HSBC which gives you a one stop shop for all monitoring of your credit history and credit health and operates like a control center from where you can manage and access information on how your credit history is being presented. It collects data from the three largest credit agencies Equifax, Experian and TransUnion. This information is then collated and offered to you in an easy to digest form on a daily basis if you so require but once a month is usually sufficient for most people.
When you enrol on the creditkeeper program, you will get immediate online access to your credit report and be able to start right away managing and improving your score if necessary.
How much is Credit Keeper?
If you enrol on the Net, you will be able to take advantage of a free 30 day trial after which Credit Keeper costs $9.99 per month.
What do I get for my money?
As a member of Credit Keeper, you will be able to login and review your credit report whenever you require. However, a common complaint amongst Credit Keeper users has been that after the first month, you can only check once a month which is not quite as the service states, which is as often as you like but most probably once a month is going to be sufficient for your needs. This is something you will need to decide according to your circumstances.
Can I cancel Credit Keeper if it doesn’t suit me?
Credit monitoring is now big business especially in the US where it is crucial to keep an eye on your credit score. This means that there are now literally hundreds of companies offering this service so it pays to shop around and look for the best deal or combination of features which suits your requirements. A good way to test a service is to try it for a month and then cancel if you don’t think it is what you need. Some users have complained that it is difficult to cancel the credit keeper service and that customer services actively discourage you from canceling by continually going over the benefits hoping to wear you down but if you stand firm this shouldn’t be an issue.
Is the Credit Keeper score the same as the FICO score?
When finance companies request information on your credit score they are given your FICO score as calculated by the Fair Isaac Corporation which uses it’s own algorithm to calculate your credit worthiness. Credit Keeper calculates it’s own score which is not the same but will nonetheless give you a very good indication of your standing and whether you need to worry.