Scoremio Review
Are you interested in knowing what your credit score is, tracking it, and protecting it? Well, you should be! Your credit score is the most important 3 digit number you will ever come across. With that said, today we’re going to take a close look at a credit score monitoring service called Scoremio. Scoremio currently offers credit reporting, monitoring, and protection services with a trial membership for only $1. So, today, we’re going to dig deep into the details to see how well Scoremio stacks up against the competition.
What Is Scoremio?
Scoremio is a credit score provider as well as an identity theft protection service. As I read through their site, it was clear that they had one core goal. That is to provide exceptional credit score monitoring tools that assists in the improvement and protection of consumer credit scores. They also provide a wide range of financial tools designed to assist with proper credit and overall financial management.
Scoremio Pros & Cons
Scoremio Pros – Scoremio is an awesome service with quite a few great features and perks that I really enjoyed. Here are my favorites…
- Credit Score – Unlike many free services out there including Credit Karma and Credit Sesame where the companies create a comparable credit score based on their own algorithms; with Scoremio, you get Experian’s ScoreX Plus credit score! The Experian ScoreX Plus credit score is also a highly rated and commonly used credit score. However, this score should not to be confused with FICO credit scores.
- 24/7/365 Credit Report Monitoring – In today’s world, it’s incredibly important to keep tabs of what’s going on with your credit report. So, Scoremio keeps track for you. They constantly monitor your report looking for new lines of credit taken out in your name, new addresses, and any other changes. When they notice something, they alert you by email right away to make sure that you’re aware of the change.
- Data Security – Anytime you do anything financial online, it’s incredibly important to think of the security of your data. Although the internet has become a great tool for us, it’s also become a tool for con-artists looking to steal your data. To protect you against this danger, Scoremio employs several security technologies and procedures.
Read More >>> Will pulling my credit report each month impact my credit score?
Scoremio Cons – There’s no service that’s perfect, we all know that. So, when I review a company, I look for at least one thing I don’t like. Although it took a little while to dig something up, I do have one problem with Scoremio, and the entire “Free Credit Score” industry. Here’s what I don’t like…
- Undisclosed Pricing – It seems like all of the “free credit score” websites out there want you to think that everything’s free until you pull out your credit card. That’s exactly the case here. I dug around the homepage for pricing and couldn’t find anything. Then, I went and dug around some other pages to see what happens after the free trial…NOTHING! It wasn’t until I entered my email address and personal information that I was told the fee is $17.95 per month after the trial. I don’t understand why they do things this way; especially when their fee is $2 lower than the average credit report, score, and monitoring service. When compared to other credit score monitoring services, however, it’s a good sign the monthly fee was disclosed after the first step. I’d love to see Scoremio and other credit score companies start to become more upfront about pricing.
What Makes Scoremio Different?
This really is the big question. With so many credit report and score companies out there, what’s so special about Scoremio? There’s only one difference, but it’s a big one! Scoremio focuses on your overall financial health. They do provide credit scores, credit reports, and credit monitoring services. Then again, so does everyone else! What they have that no one else seems to have is a list of great financial tools designed not just to help with your credit score, but to also help with your debts and financial goals.
Why Not Just Use Free Services Like Credit Karma?
In all reality, I’m all for free services. To be honest with you, I have a Credit Karma and Credit Sesame account. When it comes down to general monitoring, these services are great! However, if you want to build your credit score, or work to a healthier level of financial stability, free services just don’t provide the accuracy in data, monitoring capabilities, and the financial tools that you’ll find with Scoremio. The free services you receive through Credit Karma and Credit Sesame are helpful but Scoremio sells the full credit report (from Experian or from all three credit bureaus).
My Overall Thoughts on Scoremio
Scoremio is a great company that’s produced a great product. Although I think pricing should be disclosed at the landing page to make a better decision it seems to be an industry standard. After asking Scoremio’s CEO about price disclosure he’s informed us on how they plan to change the industry. This is a good sign for future things to come.
Should you sign up for Scoremio? Check them out here.
Sign up for our newsletter
Like this article? Sign up for our free newsletter and we’ll send you a weekly email of our best blogs, deals and money tips to help you live a richer life.
The post Credit Reports & Credit Scores: A Review of Scoremio appeared first on The Smile Lifestyle - Phroogal.