Many consumers think of e Loan as a loan only website. On the contrary, e Loan offers the consumer numerous tools, both for pay and free, to help obtain the perfect loan. One of the great for pay services is the e Loan monthly credit monitoring service. I have used this inexpensive and useful tool for more than a year now and will continue to use the e Loan credit monitoring service for as long as e Loan offers the service.
The e Loan credit monitoring service costs only $25.00 per year. For the $25.00 fee, e Loan 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 e Loan service when I applied for a home loan many years ago. My credit rating was less than superb and e Loan 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 e Loan 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!
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 e Loan 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. Take it from a seasoned e Loan 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.
