MyFICO Credit Reporting Review

Rating: 8.7 / 10 (Excellent)
Disclosure: We receive advertising revenue from this partner. Learn more.
myFico is the consumer division of the data analytics company Fair Isaacs Corporation, which pioneered a revolution in the financial services industry with the development of their FICO credit risk score in the 1960s. In partnership with the three main national credit reporting agencies, myFico now delivers credit information products designed to help consumers understand and protect their credit.

How is MyFICO rated?

Breakdown

9/10
Credit Score & Reports
9/10
Monitoring & Tools
8/10
Plans and Pricing
9/10
Reputation & Support

Overall Rating: 8.7 / 10 (Excellent)

As the consumer division of the Fair Isaac Corporation, myFico offers unparalleled protection through quality credit monitoring and reporting as well as comprehensive identity theft protection. The company offers access to credit reports from all three major credit bureaus, credit report change alerts, historical score tracking, identity theft prevention with recovery services, and even a FICO score simulator to help consumers make informed decisions about their credit. There are some small drawbacks to working with myFico, however, as they do not offer free trials of any of their products and their plans can seem high-end in comparison to what competitors are offering. Nevertheless, myFico has an excellent selection of plans and additional tools to help customers keep track of and protect their credit.

Credit Score & Reports

Credit Score & Reports - 9 / 10

myFico offers instant access to three-bureau credit reports and FICO scores, including those most widely used by lending institutions and even the newly released FICO Score 9. They also provide either monthly or quarterly access to updated credit reports and scores, depending on the credit monitoring plan selected.

Credit Bureaus Covered

Equifax
Experian
TransUnion
Credit Report Frequency
Quarterly
Access to Credit Scores
Yes
Access to Credit Reports
Yes

Monitoring & Tools

Monitoring & Tools - 9 / 10

myFico's Ultimate 3B plan includes three-bureau credit monitoring, FICO Score 8 updates, historical score tracking, identity theft monitoring, lost wallet protection, up to one million in identity theft insurance, and 24/7 full-service identity restoration. Their Essentials 1 B plan offers almost the same level of protection, but does not offer identity theft monitoring and only includes an Equifax credit report with monthly updates. In addition to their credit reporting and monitoring plans, myFico also provides useful tools like a mobile application and a loan savings calculator that helps illustrate how FICO scores affect interest rates on loans.
Credit Tools
Credit Analysis Calculator
Credit Change Alerts
Historical Score Tracking
Interest Rate Estimator
Security & Protection
Identity Theft Monitoring
Identity Theft Insurance
Identity Restoration Support
Lost Wallet Protection
Identity Theft Insurance Limit
$1,000,000

MyFICO Plans & Pricing

Plans and Pricing - 8 / 10

myFico does not offer free credit reports or trials of any of their plans and charges $19.95 per credit report or $59.85 for all three-bureau reports. The FICO Essentials 1B package is valued at $19.95 per month or $219 for the year, yet customers thinking about opting for that plan may want to consider purchasing the company's most popular product, the FICO Ultimate 3B plan, instead. The Ultimate 3B, which includes three-bureau reports, credit monitoring, and identity theft protection is available for $29.95 a month or $329 for the year, an excellent value for a 10 dollar increase.
30-day Trial Available?
No
Free Report Offered?
No
Monthly Price
Starting at $19.95

MyFICO Reputation & Support

Reputation & Support - 9 / 10

myFico is a Better Business Bureau-accredited corporation with a composite score of 3.68 out of 5 stars based on 5 customer reviews and a rating of A+. The company has received few complaints for an enterprise of its size and most seem to be related to problems with their cancellation policy, or undisclosed issues with their products and services. There is a myFico mobile application available for Apple and Android phones, which features access to FICO scores and full credit reports based on data from all three main U.S. credit bureaus as well as push, text, and email notifications on identified important changes to your credit.
Mobile App
Yes
Alert Methods
Text
Email
Mobile App

Customer Feedback

BBB Rating
A+
Number of BBB Positive Reviews
0
Number of BBB Neutral Reviews
0
Number of BBB Negative Reviews
5
Date Collected
2017-11-17

Contact & Additional Company Information

Year Founded
1950
Homepage URL
Company Phone
(408) 817-9100
Headquarters Address
181 Metro Drive, San Jose, CA, 95110
Mailing Address
181 Metro Drive, San Jose, CA, 95110

Our Partner
8.7 / 10
  • FICO score based reporting
  • 3 bureau credit score reporting
  • Mobile alerts
  • $1 million ID theft insurance
  • FICO score simulator