myFICO Credit Report Review

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myFICO

rating: 5
  • 3-Bureau FICO® Scores and credit reports updates available every quarter
  • Identity theft monitoring, alerts and dark web surveillance
  • Fraud resolution services and up to $1 million ID theft insurance

myFICO Credit Reports

BEST CREDIT REPORTS

myFICO provides easy monitoring of FICO® Scores from all three bureaus together with helpful analysis and identity theft protection.

By Editorial Team | 2nd January 2019

myFICO is the consumer division of FICO. It was launched in 2001 to help people access their FICO® score straight from the people that make it. This means that subscribers can easily see the credit score that is used by 90% of the top lenders for mortgage, auto and credit card lending.

myFICO offers a variety of plans to ensure that there is something suitable for every need. All the plans provide access to a large amount of information, together with clear and helpful analysis. On top of the credit scores information, they also provide tools to help protect against identity theft.

Pricing

myFICO offers three pricing plans:

The FICO Basics 1B plan provides you with FICO® scores and an Experian credit report that is updated monthly. It also comes with 1-Bureau credit monitoring and FICO® Score alerts, and 24/7 identity theft restoration.

The FICO Ultimate 3B play provides you with FICO scores and credit reports from all three bureaus that are updated every three months. It will also provide you with continual monitoring and alerts if your FICO score changes, as well as identity theft monitoring, alerts and dark web surveillance, fraud resolution and up to $1 million ID theft insurance.

The top package, FICO Ultimate 3B+ provides you with all the same services as the FICO Ultimate 3B, except that your FICO® scores and credit reports from the three bureaus are updated on a monthly basis.

PlanPricing (per month)
FICO Basics 1B$19.95
FICO Ultimate 3B$29.95
Fico Ultimate 3B+$39.95
Features

Regardless of which of the myFICO plans you go for, they all include a number of basic features. The main difference is that the Basics plan only covers one bureau while the other plans include all three.

  • 10 FICO® Score Versions
  • FICO® Score Monitoring
  • Credit Monitoring with Alerts
  • Credit Report
  • Scores for Mortgages, Autos, Credit Cards
  • Score Simulator
  • Analysis of What is Helping and Hurting Your Scores

The FICO Ultimate 3B and the FICO Ultimate 3B+ plans also include the following features:

  • Identity Theft Monitoring
  • Dark Web Monitoring
  • SSN Monitoring
  • $1 Million Identity Theft Insurance
  • 24/7 Fraud Resolution

In short, the Basics plan will give you great insights into your FICO® score from one bureau (Experian), as well as alerts, but with no identity theft protection. The more expensive plans provide more comprehensive insights, as they include all three bureaus, and they will protect you from identity theft. Those who need the most up to date information will benefit from the Ultimate 3B+ plan as it includes monthly updates to your credit report.

Ease of Use

At first glance, the myFICO website may appear slightly overwhelming. However, after a few minutes looking around it becomes very clear how it works. Signing up for the service is a quick and easy process and it will provide you with immediate access to your information.

The actual credit information is available on both the website and through mobile apps (available for iOS and Android). They present your FICO® scores and analysis in a very clear manner, together with helpful insights for those looking to understand or improve their score. The apps also offers alerts when credit reports change, and those on the more expensive plans will receive instant alerts relating to data protection.

Customer Support

If you need help with myFICO’s services then you will find a huge amount of information in the Support center on the website.  It includes information both of what FICO scores and credit ratings are, as well as help on how to use the service, how to understand the credit reports and scores, and more. If you need more help, you can submit your enquiry online and they promise to respond within two business days. Alternatively, you can telephone them on works days from 6 am to 6 pm Pacific Time, and on Saturdays from 7 am to 4 pm Pacific Time.

Comparison to other credit report services

myFICO is unarguably a leader in coverage for credit monitoring and credit score. This is due to its affordable prices and them being one of the few companies to offer detailed credit reports and FICO scores from all three credit bureaus. With over a dozen years in the industry, it is not shocking to learn that myFICO is accredited by BBB (Better Business Bureau) and has an A+ rating. Since its inception, myFICO has sold its service to more than 23 million people worldwide who are conscious with maintaining or improving their credit score. Its association with FICO®, a highly-trusted name in credit reporting to the public, creditors and the government, has led it to great success and a continuously growing audience.

It is still to be rated on Trustpilot. While it has received a few complaints in the past few years, this is to be expected of an enterprise of its size.

One of myFICO’s best site pages is the ‘Credit Education’ section which offers comprehensive advice and tips, starting with, ‘What is a credit check?’ ‘What is a good credit score?’ (i.e. what affects it and what does not) and ‘How to improve credit score’ (i.e. how to build a credit score) to ‘How to prepare for large purchases’.

Another feature(s) worth mentioning is their interactive credit score calculators which help users determine large purchases, such as, how much money they can borrow for a home mortgage, or how long it would take to pay off a credit card.

Conclusion

As the consumer Division of FICO, myFICO truly is able to provide accurate and insightful information relating to credit scores and ratings. They offer an excellent service that is fast and very easy to use. The flexibility in the plans ensure that everyone is able to find one suitable to them, and the service is a truly valuable tool for those looking to monitor their credit and identity.

Reviewed by
Editorial Team
Our Editorial Team is constantly watching for new and exciting services to report on. They aim to bring balanced, honest reviews to the site to give you the best comparisons and ensure you have the knowledge to choose the product right for you. Read more.
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