Credit card frauds have become more rampant in Canada, especially during these times. Many consumers started online banking and other financial transactions online such as shopping and payment of bills. However, only a few have a good understanding of their credit cards, credit scores, and even credit fraud.
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Last Updated: Nov 26, 2023
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In fact, according to research, the rate of suspected digital fraud in Canada from January – May 2021 has increased tremendously. The rating pumped up by 218% compared to the months from September to December of 2020.
Luckily, services offering credit card protection have changed the game! In this Credit Verify review, we’ll guide you with all the things you need to know about the service.
If you’ve been searching for a complete Credit Verify review, you’ve found the one! This Credit Verify review will help you decide whether the service is for you, or not. Check out more information below and see if it’s a great fit.
Credit Verify is a various service provider for credit card users. Credit Verify review one’s credit information and then creates a personalized credit report for each user.
It’s perfect for those who’d like to have easy, instant, and unlimited access with their credit scores and activity. Through this report, users will be able to see their debt payment records.
Additionally, it gives heads up for the user regarding suspicious errors, frauds, and activities that could affect credit scores. It may help users improve their financial health as well.
Moreover, Credit Verify’s credit score simulator formulates projections. These show users the possible effects of such financial actions on their credit scores. One thing though is that you need to pay a monthly fee in order to experience their services.
If you’re wondering how these services are possible, it’s because Credit Verify is actually powered by a credit bureau. This pertains to TransUnion, one of the largest credit bureaus in Canada.
They use a model that uses personal credit report data directly from the bureau. These data then serve as a basis to calculate credit score and provide accurate and detailed reports.
If you’re interested to know more about the service, check out this more in-depth Credit Verify review and its features below.
Credit verify offers various features that’ll be helpful in managing your credit score.
Here’s a bit about each of its various provided benefits:
After setting up your account within minutes, you’ll instantly have the access to see your credit score and report. With this, you can start monitoring and verifying each transaction on your credit report.
You’ll receive alerts via email whenever changes happen with your credits, thanks to their 24/7 monitoring! Credit Verify review data thoroughly so you’re ensured to receive only accurate reports and alerts. These alerts include instances such as when someone tries to create an account using your name.
Although issues won’t be solved by the software itself, it won’t leave you hanging. You’ll receive data on how you should resolve possible errors on your report and frauds in your account. Remember, each point error can be a big loss for your goal credit score.
Sometimes, you may be unsure and curious what outcome/s a certain action will make into your account. On Credit Verify, every action will show you the exact impact that it will cause on your score. This way, you will see beforehand whether an action will be beneficial or not for your credit score.
Other than its service benefits, your subscription also comes with monthly $25 value rewards. You can use it to save on mostly anything you want. This includes discounts on popular brands, access to some local entertainment deals, or even discounts on your favorite restaurants!
Other than the services they claim to offer, there are more reasons why Credit Verify can be a good credit monitoring service to check out.
Here’s a more in depth Credit Verify review of what we love about the service.
Signing up for a subscription is really quick and easy. You’ll only be asked to fill out a few information, then you can start creating your account.
After successfully signing up, you’ll instantly have online access with your credit score. This means you can check any progress anytime you’d like just by using your mobile phone.
Credit Verify review and monitors regularly so you’ll be updated with any activity concerning your account. This way, you’ll instantly be aware of possible frauds in your account.
Although the service won’t resolve errors you detect through their reports, they’ll help by providing you with advice. With this guide, you’ll know how to resolve the issue/s you encounter with the bureau.
Credit Verify gathers data regarding its user’s credit score on the user’s behalf. Therefore, it works as a soft inquiry. This means checking of the report is done by the account owner or someone they authorize. So, it won’t affect one’s credit score in any way.
Credit Verify comes with various benefits. However, there are also a few drawbacks that you may want to be aware of before fully deciding to continue with the subscription.
Check out this Credit Verify review of the cons to look out for before you decide to consider the service.
Good things in life don’t always come free. In order to enjoy and keep experiencing their services, you’ll need to keep paying their monthly fee which costs $24.95.
Although most things are done online now, cancelling a subscription with the service doesn’t give you the option to send them emails.
Aside from TransUnion’s, Credit Verify does not get data from other credit bureaus such as Equifax.
To enjoy their services, Credit Verify charges a monthly fee of $24.95. But before the regular payment, they offer a seven day trial period which only costs $1. After this, the user can decide whether to continue or stop the subscription.
Deactivation is allowed so no need to worry if you find it a mismatch for you. One thing though is there’s no email cancellation. You can do it by requesting through a phone call to their customer service team or by sending a written letter to their office.
After reading our Credit Verify review, if you think the software will be helpful in monitoring your account, then you may like to give it a try.
To do so, here’s a short guide you can follow:
Main reason for checking your credit report & score (optional)
Remember to prepare at least two valid IDs issued by the government for identity verification. You may use your driver’s license, birth certificate, passport, health card, or even your bank statement.
And you’re all set! You can now log in and start with your trial period.
After reading this Credit Verify review or even others’ Credit Verify review online, you may still be unsure whether the service is for you. If you think the benefits it offers doesn’t match your actual needs, you may want to consider other available options.
Two great alternatives you may want to check out are directly from the country’s two major credit bureaus: The Equifax Complete Premier from Equifax and the membership program of TransUnion.
Both only cost a monthly fee of $19.95, which is cheaper than Credit Verify’s. Furthermore, the services include an identity theft insurance of up to $50,000.
Other than these paid subscriptions, users may receive free detailed credit reports from TransUnion and Equifax for free. However, these are just yearly reports so you won’t be able to track your score unlike with credit services.
Credit Verify provides various benefits to its users at a reasonable fee that doesn’t affect its user’s credit score. With this service, you’ll be able to instantly access and monitor your credit score and report.
Credit Verify review users’ accounts thoroughly. This way, catching suspicious or possible frauds in your account right away has been made more possible.
However, there are still some issues concerning Credit Verify including their partnership with TransUnion. So, we suggest looking for other brands offering the same services with better security and insurance. Some good considerations could be Equifax and TransUnion’s credit monitoring services.
We hope you learned all possible inquiries you have about the service through this Credit Verify review. If it’s exactly what you’re looking for, it may be worth the try. But if not, there are many alternative options you can go for.
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Credit Verify provides services for credit card users, they review your credit information and create a personalised credit report for you. It's suitable for those who would like to have instant access to their credit scores and activity.
Using Credit Verify can give you a personal credit report straight from the bureau that is very useful for your finances. You can get daily alerts via email whenever there are changes with your credit as well which can help you monitor and verify each transaction on your credit report.
The advantages of Credit Verify include instant access to your credit score and report, daily credit monitoring, credit corrections and real time credit score simulator. In addition to this, you can get a monthly reward of $25 to save on anything that you want or get discounts on a variety of popular brands and local entertainment deals.
You can sign up for Credit Verify online and it is really quick and easy. Just follow this short guide:
In order for you to enjoy their services, they will charge you a fee of $24.95 a month. If you wanted to try it out first, they offer a seven day trial period which only costs $1. After this, you can decide whether to continue or stop the subscription.