myFICO offers 3 plans offering different features and levels of identity theft protection:
- Basic: $19.95 per month
- Advanced: $29.95 per month
- Premier: $39.95 per month
myFICO Basic
myFICO Basic is a subscription service offered by myFICO that provides users with access to their FICO scores and credit reports from Equifax and TransUnion. Here are the features included in myFICO Basic:
- FICO Scores: myFICO Basic provides users with their FICO scores from Equifax and TransUnion.
- Credit Reports: With myFICO Basic, users can access their credit reports from Equifax and TransUnion, which includes their credit history, payment history, account balances, and credit utilization.
- Credit Monitoring: myFICO Basic offers basic credit monitoring services that alert users to any changes in their credit report, such as new accounts, inquiries, or delinquent payments.
- Score Simulator: myFICO Basic includes a score simulator that allows users to see how different financial decisions, such as paying down debt or opening a new credit account, may impact their credit score.
- Credit Education: myFICO Basic also provides resources and educational materials to help users understand credit, credit scores, and how to manage their credit effectively.
myFICO Advanced
myFICO Advanced is a subscription service offered by myFICO that provides users with additional features beyond what is offered in myFICO Basic. Here are some of the features that are included in myFICO Advanced that are not in myFICO Basic:
- Three-Bureau Credit Monitoring: myFICO Advanced provides users with credit monitoring services that monitor their credit reports from all three major credit bureaus (Equifax, Experian, and TransUnion) for any changes or potential fraud.
- FICO Scores from all three credit bureaus: With myFICO Advanced, users can access their FICO scores from all three major credit bureaus (Equifax, Experian, and TransUnion), giving them a more comprehensive picture of their creditworthiness.
- Credit Score Analysis: myFICO Advanced provides users with a detailed analysis of their credit scores, highlighting the factors that are positively or negatively impacting their scores and providing personalized tips to improve their scores.
- Identity Theft Monitoring: myFICO Advanced includes enhanced identity theft monitoring services that monitor for any signs of identity theft and provide assistance in resolving any issues that arise.
- Credit & Identity Theft Protection: myFICO Advanced provides users with up to $1 million in identity theft insurance and access to fraud resolution specialists in the event of any identity theft incidents.
- Dark Web Surveillance: myFICO Advanced includes dark web surveillance that monitors for any signs of your personal information being sold or traded on the dark web.
- Score Simulator: myFICO Advanced includes an enhanced score simulator that allows users to simulate different financial scenarios and see how they may impact their credit scores.
myFICO Premier
myFICO Premier is the highest tier subscription service offered by myFICO and includes all the features of myFICO Basic and myFICO Advanced, as well as additional features. Here are some of the features that are included in myFICO Premier that are not in myFICO Basic or myFICO Advanced:
- Quarterly One-Bureau Credit Reports: myFICO Premier provides users with quarterly credit reports from all three major credit bureaus (Equifax, Experian, and TransUnion) as well as one-bureau credit reports from the bureau of their choice, allowing them to keep a close eye on their credit health.
- Identity Restoration Services: myFICO Premier includes identity restoration services that provide users with personalized assistance and guidance in restoring their identity in the event of identity theft.
- Monthly Credit Score Tracking: myFICO Premier provides users with monthly updates to their FICO scores and credit reports from all three credit bureaus, giving them a more frequent and detailed view of their credit health.
- Identity Monitoring: myFICO Premier includes enhanced identity monitoring services that monitor for any signs of identity theft, including monitoring of public records and social media accounts.
- Application Monitoring: myFICO Premier monitors for any new credit applications made in your name, providing an extra layer of protection against fraudulent accounts.
- 24/7 Identity Theft Support: myFICO Premier provides users with 24/7 access to identity theft support specialists who can provide personalized assistance in the event of identity theft.
Is myFICO Safe to Use?
Yes, myFICO is safe to use.
myFICO is a reputable and trustworthy credit monitoring and scoring service that is generally considered safe to use. They take the privacy and security of their customers’ personal and financial information very seriously and use industry-standard security measures to protect their data.
myFICO uses advanced encryption technologies to protect your sensitive information and also employs multiple layers of authentication and verification to ensure that only authorized users can access your account. They also have a dedicated team of security experts who monitor their systems and networks for any potential security threats.
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.
Explanation of Features
Score Simulator
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.
ID Restoration
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.
FICO Score
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.
Customer Service
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.
Bottom Line
myFICO is a reputable and safe service that offers both credit reports and identity theft protection services.