MyFICO - Short Review

Finance Tools



MyFICO Product Overview

MyFICO is a comprehensive credit management and identity protection service provided by the official consumer division of FICO, the company that invented the FICO credit score. This platform is designed to help users understand, manage, and protect their credit and personal information.



Key Features



Credit Scores and Reports

MyFICO offers access to FICO Scores, which are used by 90% of top lenders. Users can obtain their FICO Scores based on reports from all three major credit bureaus: Experian, TransUnion, and Equifax. The service includes credit reports and scores for various financial goals, such as mortgages, auto loans, and credit cards.



Credit Monitoring

The platform provides credit monitoring with updates available either monthly or every three months, depending on the chosen plan. Users receive alerts for any changes to their credit scores and reports, helping them stay informed about their credit health.



FICO Score Simulator

A key feature of MyFICO is the FICO Score Simulator, which allows users to simulate the effects of different financial decisions on their credit scores. This tool helps users understand how actions like taking out a mortgage, paying down a credit card, or other financial moves could impact their FICO Scores across all three credit bureaus.



Identity Theft Protection

MyFICO includes robust identity theft protection features, particularly in the Advanced and Premier plans. These features involve monitoring thousands of websites, chat rooms, and other internet databases for signs of personal information being bought, sold, or traded. The service also includes $1 million in identity theft insurance and 24/7 identity restoration services.



Tools and Analysis

The platform offers various tools and analysis to help users achieve their credit goals. Users can review what factors are helping or hurting their credit scores and access up-to-date interest rates for mortgage and auto loans based on their FICO Scores. The service also provides educational content and resources to help users understand and improve their credit.



Plans and Pricing

MyFICO offers several plans tailored to different needs:



Basic Plan

Provides 1-bureau (Experian) coverage with monthly updates, FICO Scores, credit reports, and score and credit monitoring. It includes $1 million identity theft insurance but does not include identity monitoring. This plan automatically renews at $19.95/month.



Advanced Plan

Offers complete 3-bureau coverage with updates every three months, FICO Scores, credit reports, score and credit monitoring, and identity monitoring. It also includes $1 million identity theft insurance and 24/7 identity restoration. This plan automatically renews at $29.95/month.



Premier Plan

Provides complete 3-bureau coverage with monthly updates, FICO Scores, credit reports, score and credit monitoring, and identity monitoring. It includes $1 million identity theft insurance and 24/7 identity restoration. This plan automatically renews at $39.95/month.



Additional Benefits

  • User-Friendly Interface: MyFICO is known for its simple and easy-to-use interface, making it accessible for users to quickly find the features they need.
  • Bank-Level Security: The service uses 128-bit encryption to protect the transmission of user data, ensuring high security standards.
  • US-Based Support: MyFICO offers toll-free support, providing assistance whenever users need it.

In summary, MyFICO is a powerful tool for managing and protecting credit, offering a range of features that help users understand their credit scores, monitor their credit health, and safeguard against identity theft. Its user-friendly interface, comprehensive tools, and robust security make it a valuable resource for anyone looking to manage their financial health effectively.

Scroll to Top