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Experian Boost™ Review

Katy Ward

In a Nutshell

As one of the most well-respected names in the credit reporting market, Experian® is now offering a feature that could immediately boost your credit scores by rewarding you for paying bills including your Netflix® membership, cell phone and utilities on time. Experian Boost could help you qualify for more competitive deals on credit cards, and loans which could save you thousands of dollars.

pros

  • Get rewarded for paying bills on time every month
  • Free access to your Experian Credit Report
  • The average FICO Score 8 boost is 12 points

cons

  • 24/7 phone support not available
  • Not all users will see their credit scores increase

Experian Boost™ Experian Boost™ Visit Site

A brilliant solution for:

  • Anyone looking to increase their FICO® Score before applying for credit
  • Customers who routinely pay their monthly bills on time
  • Anyone with a thin credit history

How does it work?

If you’re not already an Experian user, the first step is to create an account and enter your personal information such as your name, date of birth, address, and Social Security number into the company’s website. This allows Experian to identify you and locate the details of your credit history.

To check if you’re eligible for a boost, you’ll need to connect your Experian account to the bank account you use to pay your monthly bills. If you do qualify for a boost, you’ll see the increase in your FICO® Score immediately. According to Experian’s data, those who qualify for a boost see their FICO Score increase by an average of 12 points. Be aware, not all customers experience an improvement in their credit scores.

Are there any other free services?

Once you sign up, you’ll also receive free access to your Experian credit report and FICO® Score, as well as the service’s monitoring and alerts. This information allows you to gauge how you may appear to a potential lender. Based on your credit scores, Experian will also suggest a list of credit cards or loans that might suit your circumstances.

What if I don’t have much credit history?

If you’ve never previously borrowed money, you may think you’ll automatically have high credit scores as you’ve never been in debt. However, your lack of borrowing history means lenders have no way of knowing whether you can be trusted to make your repayments on time.

Experian Boost recognizes other forms of responsible financial behavior, which can make it easier if you’re seeking to borrow for the first time. You don’t need to have an existing credit card to use the service.

How easy is it to use? 

Not surprisingly for a company with Experian’s global reach, the website is sleek, easy-to-understand, and intuitive. We were impressed by its simple and accessible language when discussing potentially complex financial terms.

Its clean graphics allow you to see your credit score immediately and whether or not you’ve qualified for a boost. The service also allows you to see, at a glance, which credit bracket you fall into: poor, fair, good, very good, or excellent.

Like any service related to your credit history, Experian Boost requires you to provide some personal information so it’s worthwhile having these details at hand.

Pricing 

Experian Boost is a free feature, which means you won’t pay a monthly or annual fee. You can, however, purchase additional Experian services If you’d like to receive a more comprehensive picture of your credit history. 

The Experian CreditWorks℠ Premium package, for example, costs $24.99 per month following a free 7 day trial. As well as being able to see credit report information held by all 3 credit reporting agencies (Experian, Equifax and Transunion), you’ll have access to ID theft monitoring and prevention features and receive daily updates on your credit scores.

The company also offers a specialized identity theft service called Experian IdentityWorks℠, which is $19.99 per month following free 30 day trial.

Experian Boost™ Experian Boost™ Visit Site

Help & Support

Experian’s support team is available between 6am and 8pm on Mondays to Fridays and between 8am and 5pm over the weekend. If you have a dispute regarding your credit file, the first step is to raise the issue via the company’s website or by mail. Experian doesn’t respond to specific queries relating to an individual’s credit scores via email. If your query is more general, the website has an extensive range of guides and FAQs.

Bottom Line

This feature could be especially beneficial if you have a less-than-perfect history of making repayments on the money you owe such as your credit cards or loans, but regularly pay your household bills on time. The ability to boost your credit scores immediately is a major advantage as repairing your credit scores can otherwise take years.

Although not all customers receive a boost, you should remember the feature is free to use. At the very least, it’s worth signing up to check if you qualify for a boost or to perform a health check on your finances.


*© 2020 Experian. All rights reserved. Experian. Experian and the Experian trademarks used herein are trademarks or registered trademarks of Experian and its affiliates. The use of any other trade name, copyright, or trademark is for identification and reference purposes only and does not imply any association with the copyright or trademark holder of their product or brand. Other product and company names mentioned herein are the property of their respective owners. Licenses and Disclosures.

Oxford graduate Katy Ward is a seasoned journalist and editor covering personal finance and software topics for Top10. Over a 15-year career, Katy has worked with several finance titans, including Barclays, Tandem Bank, and Yahoo! Finance.

Experian Boost™ customer reviews

Based on 30 reviews

Ease of use

Brand satisfaction

Value for money

Service quality

Top Reviews

Ease of use

Brand satisfaction

Value for money

Service quality

a year ago

Easy to use and I receive periodic reports with my information that is very useful.

a year ago

Experience boost gives you the information that is needed for your credit report and credit score.

a year ago

Reports are clear and easy to understand. Reports give me a sense of security.

a year ago

Experian Boost is helpful, I raised my credit 40 points since I started using it and I get all kinds of tips on how to raise it more.

a year ago

I've used Experian Boost for months now and when using any other app to check my credit score. I've also used the booster which has boosted my credit score tremendously. I've also obtained a credit card in the last six months through experience, and I never thought that I'll be able to.

a year ago

It accurately reports my credit score and overall credit usage. I also like using the Boost feature.

a year ago

Everything was fast and easy to use. It provided the correct and proper information.

a year ago

It's there if I need it. It is good for telling me my credit scores. That's all I can say about it. Credit scores are a part of your life.

a year ago

I use the boost and normal version of Experian and I really think It's worth the money spent. I can see when future apartment managers have seen my credit score, I can see in real time how it fluctuates based on me paying off my debts and I get satisfaction knowing that it helps me to find solutions to lower my debt and explains how I can help my score more.

a year ago

I used them when I thought there had been an identity threat to my credit cards.

a year ago

Experian notifies you right away when something pops up on your personal information. Although I did not find that the boost actually works ( they never boosted me for my utilities) I do think they are good they just need to work out the kinks with Boost.

a year ago

I have a free service. My credit score is great. Boost gives great suggestions.

a year ago

I have been working hard on getting my credit score higher and this program makes it a lot easier.

a year ago

It did exactly what I needed and I could get the importation easily. Cost is very reasonable.

a year ago

They give the best accurate scores. They also help rebuild your credit and reward you for it.

a year ago

It was difficult to add my bank, to boost. I had to try several times, I don't know if it was because it was a credit union or what.

a year ago

They alerted me to any changes in my credit profile, gave me good suggestions as far as how to improve my credit, and recommended credit cards that suited me. The interface was easy to access.

a year ago

It was easy to see and print my credit and debt report. It itemized my debts to make it easier to check relevance. It allowed for a free run for my first time using.

a year ago

It was easy to use and create a new account. It also gave me my results quickly.

a year ago

It was easy to use. I didn't have to pay anything for the service. It actually worked.

30 reviews