How to Cancel an Experian

Membership in Few Steps

Experian's Refund Policy

• New Customers: You generally have a 14-day "cooling-off" period from the date your subscription begins where you're entitled to a refund.

• Returning Customers Within 30 Days: If you recently had an active paid subscription, you likely won't get a refund unless your new plan offers features not previously available to you.

• Returning Customers After 30 Days: You're treated as a new customer and have the 14-day refund window.

• AutoCheck: This is typically non-refundable as the information is provided instantly.

How Much Can You Save Per Year By Cancelling Experian Subscription

The amount you can save per year by cancelling your Experian subscription depends entirely on which plan you had.

1. Identify your plan

2. Find the monthly cost

3. Calculate yearly savings

Example:

If your plan was Experian CreditWorks Premium, which might cost around $24.99 per month, your annual savings after cancellation would be:

$24.99/month * 12 months = $299.88/year

Where to Invest this amount

1. High-Yield Savings Account: A secure and accessible option for building an emergency fund or parking your savings while you consider long-term options. Look for accounts with the highest APY (Annual Percentage Yield) and low fees.

2. "Snowball" Effect on Debt: Tackling even small debt payments can have a significant long-term impact. By putting your savings towards your debt, you reduce interest burdens. This frees up more cash for higher-return investments later.

3. Invest in Yourself: Upskilling or taking courses can yield significant personal and financial returns in the long term. The money saved might cover:

• Online courses to improve job-related skills

• Professional certifications or workshops

• Purchasing books or tools relevant to your field

4. Contribute to a Roth IRA: Even with small regular contributions, a Roth IRA offers a tax-advantaged way to grow your savings for retirement. Consider searching for brokers suitable for small contributions or low starting balances.

5. Explore Peer-to-Peer Lending: Platforms for peer-to-peer lending can offer decent returns but involve a higher degree of risk. Do your research thoroughly before considering this option.

Alternatives to Experian

1 Credit Karma

2 Credit Sesame

3 AnnualCreditReport com

4 IdentityForce

5 PrivacyGuard

6 MyFICO