Experian is a multinational consumer credit reporting company where it collects and aggregates information on over 1 billion people and businesses where it includes 235 million US consumers and more than 25 million US businesses as explained on Wikipedia. You may be one of the people who have Experian membership and now you want to cancel it. Can we cancel it and how to do it?
The Way to Cancel Your Experian Membership
According to the Experian website, you are able to cancel your Experian membership and there are two options for doing it. The first option is that you are able to update your membership online. It can be done by signing in and then you are able to update your membership from a paid monthly membership to a free membership without monthly costs. You have to choose the type of membership that you want to change to and there you may see some options available to you and one of them is a no cost option.
The second option is that you can update your membership by phone. You can call at 1-866-617-1894 and you can say to the customer representative that you want to cancel your membership or you want to update your membership to a no cost option. For your information, the phone number is available from Monday to Friday at 6 am to 8 pm PT and from Saturday to Sunday at 8 am to 5 pm PT.
The Benefits That You Get If You Update to a Free Account Online
Don’t think that if you cancel your membership and update it to the free one, you will not get anything. It is wrong. If you update to a free account of Experian, you are still able to get a number of benefits as explained on the Experian site as you are able to read below.
- You will get your Experian Credit Report and FICO Score.
- Your report and score are updated every 30 days on sign in.
- You will get Experian credit monitoring with alerts when key changes happen.
- There are customized alerts when your Experian FICO Score or rating changes.
- You have access to Experian Online Disputes to review and correct inaccuracies.
- You get access to credit offers based on your credit profile.
- You will get the latest credit information and education which are delivered to your mailbox.
- You are able to upgrade and change your account anytime as your needs change.
That’s all the information about the benefits offered by Experian if you choose a free account. However, it is important for you to note that it is better if you avoid credit moreover if you are a muslim because many companies offer credits and in credit, there is interest which is forbidden in Islam.
As explained on the website of Experian, this company opens the power of data to be able to create chances for consumers, businesses and society. There are a lot of big moments in life such as buying a home or car, sending a child to college, and even growing a business. So, Experian is present to empower consumers and their clients to be able to manage their data so that their consumers and clients can maximize every opportunity.
The thing that is done by Experian company is to gather, analyze, and process data in ways others can’t. Experian is present to be able to help people to take financial control and access financial services, businesses make smarter decisions and thrive, lenders lend more responsibly, and organizations prevent identity fraud and crime as described on their website.
Experian claims that they have helped consumers and clients prosper, and economies and communities flourish for more than 125 years. On their site, it is also explained that they have more than 20,000 people in 44 countries.
On the website of Experian, it is also explained that they help organizations around the world manage credit risk, target marketing offers and automate decision making, and prevent fraud. They also support clients across a lot of different markets and those include financial services, direct-to-consumer, telecommunications, retail, automotive and more. According to the Experian site, here are their areas of expertise.
- Market Insight
As you know that technology, competitors and consumers change daily. So, you may wonder how you can get insight into the market to be able to predict future trends, stay ahead of these changes and grow your business. Assessing your market performance and position, predicting and planning for the future, and making better strategic and tactical decisions are needed.
- Customer Insight
The key to get new and retain existing customers is understanding your customers. It is better to define your target audience, find new customers and prescreen them, predict and understand customer behaviour, and stay alert to the key life events of your customers.
- Credit Risk
Experian explains on its site that better understanding and the aggregating risk of the markets you are in, creating appropriate credit risk policies, automating credit granting decisions, identifying and retaining profitable customers and more are the ways to manage your risk when offering credit.
- Application Processing
How do you make a decision from an application if a consumer is worth taking on as a customer? As explained on the Experian site, making the right decisions will depend on whether the potential consumer is eligible for what he or she is applying for, the associated risk of fraud and determining her or his ability to reliably make repayments.
- Fraud Detection
There are increasing reports of fraudulent activity. So, people may think of protecting themselves and prioritizing their fraud investigations to be able to minimize impact to their business and customers. Experian is present to help them to be able to detect cases of fraud, automate fraud risk assessment and more.
- Debt Management
People can enhance the customer records to ensure that they are contacting the right customer, automate decision making and many more by the help of Experian.
- Vehicle Identities
Experian can help confirm the identity of a vehicle, minimize the risk of buying a problem vehicle, or provide peace of mind and governance when selling a vehicle.
- Market Insight