eLoan Product Review - Credit Monitoring Service
February 10th 2009 03:58
Are You in a Credit Card Debt Nightmare?
Many consumers think of eLoan as a loan only website. On the contrary, eLoan offers the consumer numerous tools, both for pay and free, to help obtain the perfect loan. One of the great for pay serv ices is the eLoan monthly credit monitoring service. I have used this inexpensive and useful tool for more than a year now and will continue to use the eLoan credit monitoring service for as long as eLoan offers the service.
How Much Does the eLoan Service Cost?
The eLoan credit monitoring service costs only $25.00 per year. For the $25.00 fee, eLoan will contact the consumer every month with an updated credit score and actions plans to improve or maintain the credit score.
I was first introduced to the eLoan service when I applied for a homeLoan many years ago. My credit rating was less than superb and eLoan offered the services of the credit monitoring service to help improve my credit score. At the time, I did not take advantage of the offer, but years later I wish I had come to my senses a lot earlier.
The service works through email and a log in name and password used on the eLoan website. Once a month, I receive an email that my information has been updated and I log in to view the results. As a consumer trying to rebuild my credit rating, this site offers the most information for the least amount of money!
What is Included for the Yearly Fee?
The information offered to the consumer, on five different pages, includes new credit score, definitions of different events that make up your credit rating and how these definitions affected your credit rating, the positives on this months credit report, the negatives on this months report and an action plan explaining step by step what bills to pay off and the credit rating change that should occur if the steps are followed.
This eLoan service is one of the best on the internet. I have researched several other consumer credit monitoring services and all offer the same kind of information and service for far more money. T ake it from a seasoned eLoan credit monitoring service subscriber, this site is the best at what it does and it works. Since starting with the service more than a year ago, my credit rating has climbed more than 25 points. Great results for the less than financially sound consumer.
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