Disclosure: Privacy Australia is community-supported. We may earn a commission when you buy a VPN through one of our links. Learn more.

ClearScore Review

By Will Ellis

Last Updated on January 1, 2024

With over 12 million customers, the corporation has expanded to the United Kingdom, South Africa, and Australia.

With the release of ClearScore secure, a solution designed to assist people secure their identities from fraud and theft, giving them more shopping power, the company has expanded its scope to cover this important service.

Visit ClearScore

Here’s your guide on how to have your free credit score with ClearScore analysed; we also review the credit scoring service.

Best Virtual Credit Cards in Australia

Table of Contents:

ClearScore Overview
Clearscore: How Much Does it Cost? (It’s Free…)
Feedback from Users of ClearScore
Conclusion
FAQs

ClearScore Overview

When it came to accessing one’s own financial information and credit reports, the established credit reference bureaus had been the norm until ClearScore launched in September 2014 to shake things up. ClearScore, instead, has pledged to make this information freely available to the public by making use of data found in Equifax’s credit ratings and reports.

It does this by teaming up with financial institutions, advertising those institutions’ goods to its consumers, and receiving a commission on sales. It calls itself a “financial marketplace” since it helps people learn more about their own financial situations so that they may be more informed when offered goods and services.

Highlights of ClearScore:

✔️ Free, unrestricted, monthly updates to your Equifax credit score and report.
✔️ In the ClearScore marketplace, consumers are presented with “financial partner” credit products that are tailored to their Equifax credit score and for which they have a high probability of being accepted.
✔️ A free service that may assist in preventing identity theft and fraud is ClearScore Protect.

ClearScore’s “Learn” section offers informative material on various credit and money-related issues.

Warding Against Credit Card Fraud

Clearscore: How Much Does it Cost? (It’s Free…)

ClearScore is a free service that maintains the slogan “free, forever” on its webpage. Its free access to consumers’ financial data and stated mission to assist them regain financial independence have helped the company gain widespread popularity.

Knowing if Hackers Are Tracking You

Feedback from Users of ClearScore 📚

Trustpilot users have rated ClearScore an average of 4.3 out of 5 stars, making it a “great” business. Good customer service and quick responses to disputes over erroneous information on credit reports were cited as reasons for its “excellent” rating by 71% of reviewers.

However, 16% of respondents rated ClearScore as “bad,” with current concerns mostly focusing on mistakes in the information maintained on individual users and on inconsistencies between the score and rating supplied by ClearScore and those shown in competing credit reports.

8 Popular PayPal Scams + Tips

Conclusion

You have the option to skip ClearScore and obtain your credit score and report straight from Equifax, but doing so will cost you after the first free trial period ends. You may also sign up for a free trial with Experian or TransUnion to see your reports, but doing so afterwards will cost you.

Checkmyfile allows you to see your credit report with all three bureaus at once (Experian, Equifax, and TransUnion). However, free credit reports are available via services like MSM Credit Monitor*, Credit Karma, and TotallyMoney.

How Much Does Your Data Cost on the Dark Web?

FAQs

How Reliable is ClearScore?

There is always a chance that information in your credit report, including the Equifax reports ClearScore uses, is inaccurate or out of date.

That is why it is crucial to monitor your credit reports with each bureau and get in touch with them if you see any errors or unfavourable information that is older than the 6 years that should be included. If you want to apply for credit, this is especially important since it lowers the likelihood that you will be rejected out of the blue, which may have a negative effect on your credit score.

What are the Pros & Cons of Using ClearScore?

Pros

It’s free, and it protects users’ identities from being stolen or used fraudulently. It works with a number of banks to assist customers locate credit products for which they are a good fit. Those with lower credit scores who are not sure which lenders to contact might benefit greatly from this.

Cons

ClearScore’s credit report is subject to the same errors that may be found in any credit record. And checking all three of your credit reports is preferable than relying just on your ClearScore report.