Informative Thread {Experian Credit Burrow}
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Experian Introduces Premium Subscription Plan – My Experience & Full Breakdown
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Hi guys! Just like every day, I sat down to check my CIBIL and Experian credit reports. But today, I was in for a surprise! Experian has discontinued its free daily credit report download feature. Now, if you want to check and download your report, you must subscribe to their premium plan—similar to CIBIL.
Since this is a major change, I decided to explore the new Experian premium plan in detail. In this article, I'll provide you with full details about Experian’s new policy and premium subscription so you can decide whether it’s worth subscribing to.
Experian has introduced only one premium plan for now, priced at ₹499 (including GST). This is significantly cheaper than CIBIL’s premium subscription, which makes it an interesting option for those who frequently monitor their credit reports. However, the validity of this plan is not explicitly mentioned anywhere, which led me to purchase it myself to find out more.
After purchasing the plan, I confirmed that it is valid for one full year. The premium subscription offers several features, similar to CIBIL’s paid service:
If you were relying on Experian’s free daily report feature, this change might be frustrating. However, the premium plan is useful for those who want to stay updated on their credit health regularly—like me.
One of the biggest reasons to consider this plan (just like with CIBIL) is that you cannot raise a dispute on your credit report unless you have a paid subscription. If you ever need to correct an error in your credit report, you’ll have to buy the plan first. So, having a premium subscription ensures that you can dispute inaccuracies whenever required.
If you don’t want to buy the plan, you still have some options. Several apps and websites allow you to check your Experian credit report once a month for free. However, these services only provide basic report details and credit scores. You won’t be able to download detailed reports or raise disputes through them.
Experian’s new policy means that free daily access to reports is no longer available, and users must purchase the premium plan to continue monitoring their credit reports. While the ₹499 plan is reasonably priced (especially compared to CIBIL), it may not be necessary for everyone. If you check your credit report occasionally, free alternatives should be sufficient. However, if you actively monitor your credit profile or may need to raise disputes, subscribing to the premium plan is a good idea.
What do you guys think about Experian’s new subscription model? Let me know your thoughts in the comments!
Stay updated and make informed financial decisions. Thanks for reading!
Since this is a major change, I decided to explore the new Experian premium plan in detail. In this article, I'll provide you with full details about Experian’s new policy and premium subscription so you can decide whether it’s worth subscribing to.
Experian’s New Premium Plan – What’s Included?
Experian has introduced only one premium plan for now, priced at ₹499 (including GST). This is significantly cheaper than CIBIL’s premium subscription, which makes it an interesting option for those who frequently monitor their credit reports. However, the validity of this plan is not explicitly mentioned anywhere, which led me to purchase it myself to find out more.
After purchasing the plan, I confirmed that it is valid for one full year. The premium subscription offers several features, similar to CIBIL’s paid service:
Key Features of Experian’s Premium Plan
- Detailed Credit Report & Score Tracking
- Get access to your updated Experian credit report and score at regular intervals.
- Credit Monitoring & Alerts
- Receive real-time alerts whenever there’s a change in your credit report, such as new loan applications or inquiries.
- Fraud Protection & Security
- Experian notifies you of any suspicious activity, helping you stay protected against identity theft and credit fraud.
- Personalized Credit Insights
- Get customized recommendations on how to improve your credit score and qualify for better financial products.
- Exclusive Offers & Pre-Approved Loans
- Premium users may receive exclusive deals and pre-approved loan offers based on their creditworthiness.
Is Experian’s Premium Plan Worth It?
If you were relying on Experian’s free daily report feature, this change might be frustrating. However, the premium plan is useful for those who want to stay updated on their credit health regularly—like me.
One of the biggest reasons to consider this plan (just like with CIBIL) is that you cannot raise a dispute on your credit report unless you have a paid subscription. If you ever need to correct an error in your credit report, you’ll have to buy the plan first. So, having a premium subscription ensures that you can dispute inaccuracies whenever required.
Alternative Ways to Check Your Experian Report for Free
If you don’t want to buy the plan, you still have some options. Several apps and websites allow you to check your Experian credit report once a month for free. However, these services only provide basic report details and credit scores. You won’t be able to download detailed reports or raise disputes through them.
Final Opinion & Conclusion
Experian’s new policy means that free daily access to reports is no longer available, and users must purchase the premium plan to continue monitoring their credit reports. While the ₹499 plan is reasonably priced (especially compared to CIBIL), it may not be necessary for everyone. If you check your credit report occasionally, free alternatives should be sufficient. However, if you actively monitor your credit profile or may need to raise disputes, subscribing to the premium plan is a good idea.
What do you guys think about Experian’s new subscription model? Let me know your thoughts in the comments!
Stay updated and make informed financial decisions. Thanks for reading!
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another CIC moving behind paywall, sad
Good write up.... well done.. 👏
I wrote something similar about 1.5 years ago , valid at that time -- this is for those who are unaware of it.. I had covered three bureuas except for CIBIL as I seperately covered CIBIL in a seperate thread..
I am not sure if something had changed since then as I am not spending much time lately analysing all these bureaus..
Here it is:
Last edited:
I hadn’t seen your post earlier, but you have explained it very well there. Great work! However, there are some differences between your post and mine. My post specifically focuses on Experian.Good write up.... well done.. 👏
I wrote something similar about 1.5 years ago , valid at that time -- this is for those who are unaware of it.. I had covered three bureuas except for CIBIL as I seperately covered CIBIL in a seperate thread..
I am not sure if something had changed since then as I am not spending much time lately analysing all these bureaus..
Here it is:
Previously, premium plans existed, but subscribing to them was not mandatory. Users could download their credit reports and view detailed information without a subscription. However, Experian has now made it compulsory to subscribe in order to refresh or download reports.
Additionally, there have been several recent changes in Experian, which is why I felt the need to publish a new post.
It’s good that you posted the latest info..nothing wrong in opening a new thread with more focus on individual bureau..good job.. keep it going
1000 % true..
sovon
TF Legend
They Updated my credit limit for yes bank as ₹215 which was my first bill, while my actual limit is 85k 🥹🥹
Right now, you are allowed to get one free credit report in a year from the official website. After that, if you want to check your report again, you have to buy a subscription from the credit bureau. Some popular apps like CRED, PhonePe, Google Pay, and OneScore do give you access to an Experian credit report, but what they show is only a summary. You don’t get the complete and detailed version of your report there.
Now, if you ever need to file a complaint about an error in your credit report, things get trickier. The first rule is that you can only raise a complaint with a credit bureau after generating your latest report directly from them. And since the free report is available only once a year, you’ll most likely need to pay for a subscription if you want to file any corrections.
This makes it almost necessary to subscribe, especially in situations where you have multiple loan or credit card accounts. The more accounts you manage, the higher the chances of errors, which means you’ll need to check your report more often and raise complaints whenever required.
Just file a formal complaint with Experian, and your problem will probably be fixed within a week.
I am unable to confirm this because I am already a paid user. Regardless of whether I check through WhatsApp or the official website, I have unlimited access on a daily basis. However, I would like to know from you, can you access a detailed report via WhatsApp on a daily basis. If yes, kindly inform everyone here. Thank you for sharing this information.
What do you consider a detailed report?
The report is sent as a PDF to your email, and via WhatsApp, you only get a score.
The credit report is generated on the same day using the latest details available to them (as per my knowledge).
Details include:
1.CURRENT APPLICATION INFORMATION:-
It contains your biodata like name, email, mobile number, Aadhar number, and PAN number, etc.
2 EXPERIAN CREDIT SCORE:-
You will be given a score here with graphical representation.
3 REPORT SUMMARY:-
Here are details like the number of accounts.
No. of enquiries
No. of enquiries last 7 days, 30 days, 90 days, 180 days
No. of accounts active, closed
Current balance
Current unsecured balance
4 SUMMARY: CREDIT ACCOUNT INFORMATION
Here we can glance at all account numbers with loan amounts, last paid, current due, active/closed, date opened, highest credit, etc.
5 CREDIT ACCOUNT INFORMATION DETAILS:-
Here each account gets detailed information
like address, payment history,
date opened, loan type,
date closed, account status, repayment tenure,Ownership, Sanctioned Amt, Total, Write-off Amt, Rate of Interest, Current Balance, Principal Write-off, Value of Collateral, Amount Overdue, Settlement Amt, Type of Collateral, Last Payment Date, Suit Filed Willful Default, Credit Facility Status.
Never checked daily
You won't get simulation score
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