MyFICO is a California-based company that began in 2001 to provide consumers with direct access to their FICO scores. The FICO score simulator in every myFICO package allows you to predict the impacts of 24 different financial choices on your credit rating, such as taking out a home or vehicle loan or increasing your credit limit. There are subscription and one-time product purchases available from myFICO for credit reports, credit monitoring, identity theft, and other services. FICO scores and the components that influence them can assist you with getting a lower interest rate on a loan in the near future if you know what your score is. In this review, we will cover the features and pricing of myFICO for you to reference.
Pros and Cons
- Pros: You can customize a credit score simulator, dark web scanning, insurance, and ID theft services
- Cons: No free trial, pricey plans, the ID theft costs extra
Score simulators are included with your subscription, letting you see how your score can be affected by paying down debt. In addition to that, you’ll have access to ‘How Lenders View You’ and ‘Interest Rates,’ both of which provide information on the interest rates you’ll receive based on your score.
Every plan includes identity restoration. You will receive $1 million in identity theft insurance, 24/7 identity restoration help via phone, and lost wallet protection, which covers credit cards, debit cards, checkbooks, driver’s licenses, Social Security cards, passports, military identification cards, traveler’s checks, and other items.
On the Basic plan, you won’t be able to view your current FICO Score and history with all three credit bureaus. As your score changes and account amounts alter, you will be informed. TransUnion’s information will offer the complete debt balance in various categories, including Bankcard (credit cards), Mortgage, and Personal Finance (student loans and HELOCs). While FICO does not publish just one score, TransUnion does. Because FICO does not make use of the score for automobile loans and credit cards as frequently, you may not be familiar with it. Scores are not used often, which is why you may have never heard of them. Scores 2, 4, and 5 are used to calculate mortgage ratings, while Scores 8 and 2 are used to determine automobile interest rates.
FICO receives your data via myFICO privacy. The data transmission is secured with 128-bit encryption, which is commonly used by financial institutions. In addition to providing you with protection, this information will also assure many people that if identity theft or fraud occurs, you will be safeguarded by the services in your myFICO account.
At the moment, you can receive self-help assistance from myFICO via email or phone. You can reach them at 1-800-319-4433. Open from 6 a.m. to 6 p.m. Pacific Time Monday through Friday and from 7 a.m. to 4 p.m. on Saturdays, myFICO provides phone assistance. Unfortunately, phone support is unavailable on Sundays.
myFICO Cost and Pricing Plans
The pricing for myFICO is as follows:
- Basic – $19 per month. You can monitor 1 credit bureau and receive updates on 10 FICO® Score versions.
- Advanced – $29 per month. You can monitor 3 credit bureaus and receive 28 FICO® Score versions on quarterly updates. Includes identity monitoring. Includes identity monitoring on monthly 3-bureau updates.
- Premier – $39 per month. You can monitor 3 credit bureaus and receive 28 FICO® Score versions with identity monitoring.
All myFICO products include the same tools and analyses as the subscription models. US-based telephone or email customer support is included with all myFICO items. Credit education, a community, and customer support are included with all myFICO items.
A credit bureau report from any one bureau is available for $19. A three-bureau credit report includes your credit reports from all three bureaus for $59.
Creating a myFICO account is simple. You can sign up for one by visiting their website and choosing the package that suits your unique circumstances. After you’ve created an account, you can maintain track of your credit rating by entering your email address and password. The next step is entering your personal information. And the final step is entering your credit card information.