Transcription
Hey everyone, this is Mr. Everything, and today I wanted to do an overview and my thoughts on the Xerion Credit app. I'm actually right now, I have the basic, but I'm going to upgrade to the premium version and show you the advantages, what you get with the premium version, along with the how to do it, and how I think you can do it cheaper, and if you really need to do it.
Now, I have used the premium version before, about, I don't know, almost a year ago. I used it for a couple of months. You do have to pay for it, obviously. This right now is the free version, where you still get your Experian credit or Experian credit file. And, uh, as you can see here, of the Equifax and the TransUnion, those ones are from last July, so they're a little bit outdated, but they will still serve the purpose. And there are some other ways you can check your credit score with eligible credit card accounts that are partners with those, uh, credit unions. But you still get a much more, uh, in-depth file and your inquiry account and everything with this app.
So when you're with the free version, again, you won't be getting these. You're seeing these because this is what I last paid for it. But you still will get an Experian update, uh, I think it's a couple times a month. But if you do any type of inquiries or anything, pulls or anything like that, you'll get an instant update with your new score. So it's always worth having this app, at least to track your Experian, and that one seems, at least where I live, they pull that one the most. So it's kind of good to at least have that score locked down to where you can view your file.
And before I go ahead and upgrade, uh, I know there's like Credit Karma. I think I could be wrong, but I think that one uses Vantage scores. And my Vantage score, I get through American Express, it's significantly higher than my FICO scores. So, and I maybe someone does, but as far as I know, every, um, issue I've ever dealt with goes off of FICO. So I don't use the Vantage score model. I guess it gives you a good idea, still count your inquiries and track stuff like that, that's relevant. But to me, I would just go straight up FICO scores. I believe my FICO is also another service, but I think again, you have to, I could be wrong, but I think you have to pay to get all of them. Uh, with Experian, you get the full FICO for Experian for free. But then again, if you upgrade, you'll get, uh, Equifax and TransUnion full FICO, the full, uh, everything you can get on your information, basically. Aside from business, as far as I can tell, there's no way to view your business profile if you have one.
So to start out, I'll give you a tour of the free. You can see what the upgrades are. Again, that was the home part. And then you go to scores, and you'll see, I don't know why sometimes the score on the homepage doesn't update to my most recent. It updated, I think it went down a point. And then again, this would be the old ones from last year. And then for the reports page, I'll appropriately use this, uh, Discover card to cover some information. Uh, you can also lock your Experian. I don't think you can unlock the Equifax or the TransUnion, even with the paid version. I think you only have Experian. But I can check that when I upgrade. And you can't, uh, mess with this when you're on the free. So the last thing you want to do is pay for a free lock your, um, Experian credit file and then, um, go let it expire, go back to, um, free version, and then you wouldn't be able to unlock it for anything that would pull from it if you need to have it on unlocked. So I would keep that in mind and just not mess with it. And there's really not too many reasons to lock it unless you really know that you need to.
And then what you'll get with this is you can see, which I really like, the payment history. But it'll show you when you open the account and what the last reported credit limit is, the last reported balance, then it keeps track of your highest. So that's kind of useful. And again, when you pay for the unlocked versions, you'll get this with Exper, or Experian, Equifax, and TransUnion. And the other one that would be important is you can again track your inquiries. And that's nice because they stay on your report for two years, but I think they only really count against you for the first year. So then you can track, uh, well, obviously it'll show you when the, uh, removal date is. But you'll know when you're about a year, you know, you're going for an issuer that kind of has a cut off at a year, somewhere at six months, minor, that's something more in-depth. But it's nice to have this information. And then this was, see the other ones don't get pulled too much.
And then you also have the marketplace, which is just, uh, whatever credit cards they offer you. I have, uh, applied for the City, uh, Custom Cash through here, so that was nice. Uh, aside from that, usually it's not cards I'm interested in. A lot of times I get a lot of, uh, Credit One, which I'm not interested in. Although I did the one video of the one card look kind of appealing. And right now they're offering me these Discover cards, which again, I already have a Discover, so I'm not looking for that. And you, you can do the personal loans, I think it's through Upstart. And I, I looked into that, but I decided it wasn't worth it. And you, I guess you could do auto insurance, but I already have a good rate. And some other things here that they do offer.
So then if I come back to the homepage, this will track back your notifications when your score goes up or down, when. So it's nice to have this quick little, just like how, uh, Facebook or YouTube or how any type of notification section works. And again, I believe even with the free version, anytime you get an update that changes your score, that even with the free version, you get that updated, uh, FICO report for your Experian. And normally I use this on my cell phone, but I'm recording with it, so I, the iPad is pretty similar. I usually don't do it like this. I would either use my phone or my computer. And then it's kind of everything here aggregated to this portion as well.
But if I want to get premium, and this is where I'm going to switch over to the computer in a minute, because I think you can get a better deal. It's $20 a month. And I know before I used Apple Pay, but I think that was because it was on my phone. And right now it's on the iPad, and I don't have Apple Pay on the iPad. Um, that's kind of a lot of money. It definitely at first isn't worth it when you think the whole point of cashback, you'd be basically canceling it out. But if you're new to credit and that score is more important than the cashback, then, or if you're lower, it wouldn't be bad maybe to get it for a couple of months. At this point, again, that's why I'm at the free version because I really don't need it right now. But just keep that in mind. Some people maybe you do want to sacrifice what you could be earning cashback for this subscription, but otherwise, you really don't need it. And I think you can get by of just the Experian.
But I'm going to go over to the computer and show you a better deal that you can get apparently, at least for me, that you can check to do on yours. And if I go on to the desktop version, which you can probably still do on your phone, um, I get this offer as soon as I sign in. This pops up. So I can get 30 days for free, and then it's only $15 a month. So I don't know. I think if I was going to have this subscription regularly, I'd obviously rather pay $5 less a month. That's still again, maybe like I could see paying $5 a month altogether for this service because that's not too bad for a year. But for 15, I would much rather go with that. But again, um, I pretty much know where my score is at and I'm happy with it, and I don't have any problems getting, uh, credit. But I am going to take advantage of this 30 days free, and then I'll probably cancel it after that.
But as you can see here, I'm going to go ahead and add that free. And then if I would get charged, it just be 15 instead of right off the bat 20 from the phone. So I would recommend signing in this way. And if you're just made your Experian account, maybe you won't have this offer, but just know, at least try it and see if you get that. Uh, it's reflecting that I have the plus. I guess there's a difference between plus and premium. It just says premium on the phone, and then on the desktop, it says plus. So there's that as well. So then you can see with the desktop, I have the plus, but not the premium. So they want me to pay another $5 to upgrade to that, but then it would normally be 25 a month. So it's kind of confusing, and I really never paid attention to this. I'm just going to stick with that free version for the 30 days. And then if I did want to continue, it'd be 15. But I want to see what access I have with just the plus. But you can see what they offer there.
Uh, last year when I did this, I had the premium version, and then I showed you the free, and then I upgraded again to the plus with the free trial. But when you look at the, uh, tier list, it says the premium offers you three scores, all the, um, credit unions. And the plus doesn't. But, uh, I still nonetheless have the update. So you can see here from the last time it updated, I do have the scores for all three. So this is, I know for sure this is what you get with premium. I'm not sure if that'll show up with the plus. So I'm actually a little confused on the different memberships and the prices. They seem to be different on each device. And so that's something unfortunately, you'll just have to try yourself, cuz I can't give you a definitive answer. Just try mobile and try the desktop website and see if there's any price differences or free trials to start with.
Um, but you can see here my debt and credit usage is higher, even though they've all been updated today. But that's one thing why this might be worth paying for is either one C has reported to a credit bureau that hasn't shown up yet. And, uh, when you're trying to find out when your cards report to know if you're new to credit and you want to wait to have like six months of history before you can apply for a credit limit increase or another card, it's important to know. Usually your credit cards report after the statement is sent to you. But with Apple Card, I noticed a lot of times it's always the end of the month. But a lot of times they don't report that credit report for maybe two weeks later. So that's why you might want to pay for this membership if you're new to credit, even if it's just for one month. I, I think I did it for two or three. And if you really study all this information they give you, then you'll know what at least what the card you have at that time when they report. And, um, you know, if you have a high balance, it'll knock you down. And if you stay within something that usually goes up. And then it just teaches you that. And for the price, it probably isn't worth it. At least I would don't think I'd keep this membership all the time, year-round. But at least till you get a footing on how credit works. And then at least you'll have your scores that you can go off of, then still know your inquiry count for each, uh, year.
So if I come back to the iPad, this is what, uh, probably how most people, I would imagine, would be viewing it. So again, I have access to all three of the scores. And I can go in and now since have the paid version, you can lock your Experian credit file, which I'm not going to do, I don't need to, but you have the ability to do that. But then if you're going to, which you really don't need to, uh, make sure to unlock it before you let the, um, membership expire. And then there also is Experian Boost, which has nothing to do with being paid or not. That's if you want to link it to your bank account. But I have a couple different bank accounts, and for the small increase I would get, it's not worth it. And at this point, I actually pay all my running bills, like streaming services and stuff, they look for with the credit card anyway. So it's not worth giving that out to them, in my opinion. But if you want to raise your score, you can use Experian Boost.
And now you get the, this what you would get with the paid version opposed to the free. Now these are the accounts that updated because the last time they were from last July. So now they reflect that I have five accounts. And the TransUnion, I still see I have four, um, reported inquiries. I thought one dropped off, but maybe I have another one that pulled from them and I just didn't know since, um, I wasn't getting the notifications for TransUnion like I was Experian. So I can see I did have that one inquiry fall off. It's just I have another one that showed up after I canceled. So I had the one Wells Fargo show up, but not the other, cuz I applied for it twice. And I see they were nice enough to double dip my Experian and Transunion both times and didn't approve me. So I will be sure not to own one of their cards, not that I need it, cuz they're not very good in comparison to the competition anyway. But that was nice to know that I still do have four inquiries, cuz I must have got another one that double dipped cuz usually if you, um, apply for a card and you just have the free and Experian doesn't update, I assume it pulls from a different one. But it did pull from Experian, so I assumed it didn't pull from someone else, but it must have double dipped. And that's again, an advantage of having the paid version because you get to see the full analysis of all three credit bureaus.
And then if you go into protection with the paid version, it'll update you on anything going on. So you can see some of these are older scans when I first got the service. That, uh, a lot of get things approved. And it did, I actually got a speeding ticket, and it did show that. So that's interesting. Now, some of these, I don't know if that's kind of like an antivirus where says, oh, you have a tracking cookie, be careful. Like, sis is saying some my Social Security address was tra to something. Not sure. I mean, you do have to put that information out there of certain websites when you apply for cards. I'm not sure if that's standard or something to be concerned about, but you can track it through this now with the paid version.
But I'm going to go ahead and leave it there. I would just, my theme would just be to check, um, different things, see if you can get any different prices or a free trial like I got here. It is good service and kind of explained, you know, you could keep it, but I think it's kind of just a one-time thing or maybe once every so many years, or just depends if you want to put money into it because you always get that Experian for free. But it is nice to get an update every now and then, especially if you're applying for mortgage or auto loan or new to credit. You again, you want to see when those, uh, reports come in and how that all works. But beyond that, the free version is okay, but you do get that extra benefit and some few, few other features along with the paid versions.
So hopefully that was helpful. It is a pretty nice app. I haven't really seen anyone cover this one. Seen Credit Karma, which is Vantage. I've seen some MyFICO, but I think maybe they were the free ones, but I'm not sure. But I don't think I saw anyone cover paid Experian. Experian again, is pulled the most for me. So just having this app to track Experian, definitely want to have it. But the free or the paid version is good too, with all the features and full credit reports that you get. So I'll leave it there. Hopefully, it was helpful. Thanks for watching, and you'll see me in the next one. Have a good one.