May is Military Appreciation Month and concludes with Memorial Day, a day we set aside to remember those who gave their lives serving our country. This month, and every month, Experian recognizes the men and women of our armed forces and their families for their service and sacrifice.
We know that members of the military often face unique challenges when it comes to credit and finances, and are proud to provide help and support through innovative tools, resources and financial education initiatives.
Experian has had the honor of working with the Department of Defense and in partnership with organizations like Heroes at Home to tour military bases across the U.S. and Europe, providing financial education for our service men and women, families and veterans.
Experian is committed to hiring our heroes and strives to offer career opportunities for veterans. We offer both military and non-military employees the opportunity to engage with each other and the community through our Military Veterans and Patriots Employee Resource Group.
Members of the group volunteer to speak with military members and their families to share knowledge about credit reporting and credit scores. They also support groups such as Gold Star Mothers and Operation Stand Down. We are proud that our employees also participate in events supporting nonprofit organizations to help our veterans, including:
To help protect our active-duty military personnel, deployed soldiers can add an Active Duty Alert to their credit reports. This alert notifies lenders that the individual is a member of the U.S. military and that they are currently on active duty. The alert remains on the credit report for one year and asks lenders to verify the identity of the applicant before extending credit, which can help protect military members against credit fraud and identity theft while they are away from home serving their country.
Experian also is continuously introducing new ways to use information that can help our military personnel, their families and consumers in general gain access to quality credit. Most recently the company launched Experian Boost™† ™, a free service aimed at allowing all consumers to boost their FICO® Scores* by including their positive utility and telecom bill payment history in their credit file. Military members who are just starting out can use this tool to help add positive information to their credit history and improve their credit scores instantly. Having strong credit is important to weathering financial challenges and day-to-day living expenses. For military personnel and their families, that can be especially important as they move from one assignment to another, often with short notice.
The sacrifices of those we honor this Memorial Day have made the opportunities and freedom we have today possible. Our veterans—the men and women currently serving and their families—continue that legacy.
Thank you for your service.
Want to instantly increase your credit score? Experian Boost™ helps by giving you credit for the utility and mobile phone bills you're already paying. Until now, those payments did not positively impact your score.
This service is completely free and can boost your credit scores fast by using your own positive payment history. It can also help those with poor or limited credit situations. Other services such as credit repair may cost you up to thousands and only help remove inaccuracies from your credit report.