Experian Triple Alert Review

What Is The Experian Triple Alert?

This is a credit monitoring service provided by the credit reporting bureau Experian. There are many companies offering credit monitoring services and this is due to the rise of identity theft.

Identity theft is when someone steals your personal and financial details without you knowing and proceeds to commit fraudulent activities. This can involve opening a new line credit in your name to purchase items. Although, it is very difficult to prevent identity theft from happening you can limit the damage caused by this crime by monitoring your credit report on a regular basis.

What Does The Service Provide?

The Experian Triple Alert monitors your 3 credit reports online. As well the Experian credit report your reports from Equifax and Trans Union are also monitored. The advantage of having 3 credit reports is that you can compare the credit details in each report.

The details can be vary as each bureau collects the credit data independently from each other. By comparing the 3 reports you can identify any errors or out of date details between each credit file and report these back to the relevant bureau. Please note that errors and outdated information on your file can lower your credit score.

With their Triple Alert program Experian will provide all clear alerts on a daily basis. If their are any signs of ID theft you will be sent an alert by text or email. You will also be informed of any changes to your reports as a result of new accounts or enquiries been made on your file.

The service comes with a $10,000 Triple Alert guarantee. Under certain conditions Experian will award up to $10,000 to help with  legal fees if your personal details are stolen as a result of identity theft whilst using the service.

How Much Does It Cost

The Experian Triple Alert membership subscription is $8.95 per month.

Triple Alert Credit Monitoring Limitations

Although, the service monitors your 3 credit reports this does not cover all the bases when it comes to the threat of ID fraud. For example, the service does not monitor potential ID fraud through the internet.

The service does not offer the option of credit freezes and fraud alerts as you will have to implement them yourself. One of the conditions to be eligible for their triple alert guarantee award is that you need to apply for a fraud alert with all 3 credit bureaus within 30 days of signing up for the service.

Conclusions

If your new to identity theft monitoring and your looking for a basic service that is relatively inexpensive then, the Experian Triple Alert service is worth considering. It monitors each of the bureaus credit reports which enables you to compare your credit data. If an incident of identity theft did occur on one of your reports this would be picked which would not happen if the service only monitored one bureau.

The service comes with daily all clear alerts which gives you the peace of mind that your files have not been breached. If your files are in any way compromised you will be alerted by email or text to enable you to take swift action to limit the damage.

However, it is a basic service that does not cover all possibilities where your personal data could be stolen such as the internet. If you want greater protection, or you are in a high credit risk level then, you may want to consider a monitoring service that offers more protection.

It is important to point out that any monitoring service no matter how good or comprehensive it is will not totally eradicate the risk of Identity theft. Monitoring services are in a way early warning system that when it does happen you can act quickly to minimizing losing more money.