If you’ve recently checked your bank statement and noticed a charge from “ScoresMatter,” you may be wondering what it is and why you were charged. ScoresMatter is a credit monitoring service that provides individuals with access to their credit scores and reports. In this article, we’ll dive into what ScoresMatter is, how it works, and why you may have been charged for its services.
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What is ScoresMatter?
ScoresMatter is a credit monitoring service that allows individuals to access their credit scores and reports from all three major credit bureaus Equifax, Experian, and TransUnion. It was created to help individuals stay on top of their credit and monitor any changes or discrepancies that may occur.
How does ScoresMatter work?
ScoresMatter works by pulling your credit information from all three credit bureaus and compiling it into one easy-to-read report. This report includes your credit score, payment history, credit utilization, and any negative marks on your credit, such as late payments or collections. ScoresMatter also provides you with a credit monitoring service, which alerts you of any changes or updates to your credit report.
Why was I charged for ScoresMatter?
If you see a charge from ScoresMatter on your bank statement, it means that you have signed up for their services. ScoresMatter offers a free trial period for new users, after which they will begin charging a monthly fee for their services. If you do not cancel your subscription before the free trial ends, you will be automatically enrolled in their monthly subscription plan.
What are the benefits of using ScoresMatter?
There are several benefits to using ScoresMatter. The first and most obvious benefit is having access to your credit scores and reports from all three credit bureaus in one place. This allows you to easily monitor your credit and catch any discrepancies or errors that may occur.
Another benefit of using ScoresMatter is its credit monitoring service. With this service, you will receive alerts whenever there is a change or update to your credit report. This can be extremely helpful in detecting any fraudulent activity or identity theft.
ScoresMatter also offers personalized credit improvement tips and tools to help you improve your credit score. This can be especially useful for individuals who are looking to increase their credit score for a major purchase, such as a home or car.
Is ScoresMatter worth the cost?
The answer to this question depends on your individual needs and financial situation. If you are someone who is actively working on improving your credit or wants to stay on top of any changes to your credit report, then ScoresMatter may be worth the cost. However, if you are someone who already has a good handle on your credit and doesn’t need constant monitoring, then it may not be necessary to pay for this service.
How do I cancel my ScoresMatter subscription?
If you have signed up for ScoresMatter but no longer wish to use their services, you can easily cancel your subscription. Log into your account on their website and navigate to the “My Account” section. From there, you can select the option to cancel your subscription. It’s important to note that you must cancel before the end of your free trial period to avoid being charged.
Conclusion
In conclusion, ScoresMatter is a credit monitoring service that provides individuals with access to their credit scores and reports from all three major credit bureaus. If you see a charge from ScoresMatter on your bank statement, it means that you have signed up for their services. While it may not be necessary for everyone, ScoresMatter can be a useful tool for those looking to improve their credit or stay on top of any changes to their credit report. If you no longer wish to use their services, make sure to cancel your subscription before the end of the free trial period to avoid being charged.