Best Credit Report Service: Excellent Tools To Monitor Credit Score
In a world where credit standing plays a huge role in gaining access to several perks and privileges, how do you keep up? Are you a hundred percent sure that your credit standing is good and favorable? How do you protect yourself from identity theft that will surely hurt your credit score?
Signing up for a credit monitoring service is an excellent way to stay on top of your credit score. Credit monitoring services can secure a good credit standing so that you can benefit from all the privileges associated with a good credit score.
If you chose not to subscribe to a credit monitoring agency, what would you do if you found out your annual credit score plummeted – giving you a bad credit? This situation is a nightmare, especially if you’re just about to apply for a business loan or mortgage.
Why You Should Sign Up For a Credit Monitoring Service
A credit monitoring agency will serve as your preventive maintenance. It will protect you from matters that can harm your credit score by continually monitoring each activity within your credit. Some credit monitoring services will even help boost your credit score or reverse your bad credit standing.
While many people think that this service is suitable only for those with bad credit standing, people with outstanding credit scores can also benefit from this service. Besides the convenience of having visibility over your credit score anytime, you also gain full control of your credit score. Besides, by continually monitoring your credit score, you can fully understand how it works and what actions you need to change to maintain good credit.
In this blog, I’ll give you the best credit monitoring tools that you can subscribe to that will surely protect your credit score and prevent you from getting a bad credit.
For starters, let’s define first what makes an excellent credit reporting service.
How To Find The Best Credit Report Service Company
Here are my criteria on what makes an excellent credit monitoring agency:
Credit Score Accuracy: A good credit report service shall give you a holistic view of your credit score. The report must include all three credit reports from the three credit bureaus - Equifax, TransUnion, and Experian to ensure accuracy.
Identity Theft Alerts: When signing up for a credit report service, make sure that it also has identity theft monitoring. You should not only monitor your credit score to get a top credit standing. You also need to watch out for potential identity theft issues continually.
Easy-to-understand: Since not everyone has an in-depth understanding of how credit scores work, your credit report agency should be able to translate effectively everything that’s going on in your credit in an understandable way for beginners.
These are the top factors that you need to consider before signing up with any credit monitoring service. Now that you understand what makes a good credit monitoring agency let’s see which companies made it on the list!
myFICO is the official consumer arm of FICO, the company behind the FICO credit score. The company began in 2001 to help individuals gain access to their credit scores anytime they wish to.
What it does
myFICO offers services to suit your needs, whether you’re just in for one time or actively seeking credit. It provides a complete set of credit monitoring services, including the following:
- Credit Monitoring
- FICO Score Monitoring
- Identity Monitoring
- Identity Restoration
- 3-bureau’s FICO Score Simulator
myFICO offers two types of One-time Report packages: 1-Bureau Credit Report and 3-Bureau Credit Report. The main difference is that for the first package, you only get a credit report from Experian, while the second option gives you a full credit report from the three credit bureaus.
- 1-Bureau Credit Report costs only $19.95
- 3-Bureau Credit Report will cost you $59.85
myFICO offers a 3-tier plan: Basic, Advanced, and Premier. Each subscription plan includes FICO scores, credit reports, FICO score monitoring, credit monitoring, identity restoration, tools & analysis, and access to resources & community.
- Basic subscription plan starts at $19.95 per month
- Advanced subscription plan starts at $29.95 per month
- Premier subscription plan starts at $39.95 per month
myFICO is the best choice if you want to access your credit score instantly or if you want to monitor your credit standing carefully. myFICO offers a comprehensive toolkit for monitoring your credit score paired with its 24/7 fraud & identity theft protection to raise your credit standing effectively. Besides, where else would you want to get intel on your credit standing other than FICO’s makers?
CreditRepair.com, from the name itself, is a credit repair service company that helps individuals eliminate wrong, unjust, and unverified items that harm their credit standing. The company offers a straightforward solution to reverse negative items that are hurting your credit score.
What it does
CreditRepair.com works closely with the three major credit bureaus and creditors to contest the negative items affecting your credit score. Its services include:
- Credit Rebuilding
- Credit Restoration
- Credit Boost
- Credit Monitoring Tools
Upon signing up with CreditRepair.com, you will have to pay a one-time fee of $14.99. This charge is for the agency to pull out your credit reports from another company; this is the only fee that you will pay other than the monthly credit fix fee, which is $99.95.
CreditRepair.com is the perfect choice if you want to reverse your bad credit standing. With its years of experience, CreditRepair.com is well-equipped to challenge every line item that led to your lower credit score. Thus, helping you remedy your bad credit.
LifeLock offers a complete identity theft solution that monitors and examines personal data and credit score variations. LifeLock covers monitoring, alerts, and recovery services to secure you from identity theft. It also helps you recover through its protection package if you fall victim to identity theft.
What it does
LifeLock offers a full identity theft protection service that protects you from being a victim and helps you recover if you fall victim to identity crimes.
Its core services & features include:
- Credit Monitoring
- Identity Theft Monitoring & Alerts
- Identity Theft Recovery Assistance
- Million Dollar Protection™ Package
- 60-day Money-back guarantee
LifeLock offers different plans depending on your specific needs. You can choose between its three-tier plans: Standard, Advantage, and Ultimate Plus.
- The Standard plan costs $9.99 per month. It includes $25,000 reimbursement for stolen funds and basic credit monitoring from the three credit bureaus.
- The Advantage Plan costs $19.99 per month and includes up to $100,000 reimbursement for stolen funds and credit monitoring, including bank account & credit card activity alerts.
- The Ultimate Plus plan costs $29.99 per month. It lets you get up to $1 million in reimbursement for stolen funds.
The price of suffering from stolen identity is steep, not to mention the stress it will cause you. LifeLock is the right choice if you want to protect yourself from identity theft without freezing your credit. It offers a very convenient way of guarding your personal information and monitoring your credit without much effort needed from your end.
MyFreeScoreNow started in 2013, led by experts from the credit and financial services industry. It’s an independent company that offers credit information and tools for people to monitor their credit scores and data better.
What it does
MyFreeScoreNow gives you a free credit report from TransUnion. Once you decide to sign up for a membership, you’ll get access to all the credit reports from the three credit bureaus plus many monitoring tools.
Its services and features include:
- Credit Monitoring
- Personalized Reporting
- Credit Report Alerts
- Monthly Credit Score Updates
- Email Notice for Credit Report Views
MyFreeScoreNow offers a $1.00 one-time member activation fee for a 7-day trial. Once you decide to sign up for membership fully, you’ll need to pay $29.95 per month. This subscription includes a credit report from the three credit bureaus plus tons of features to monitor your credit.
Signing up with MyFreeScoreNow is easy. However, you’ll need to provide your credit card details to complete your registration.
Aside from the free credit report, MyFreeScoreNow offers an affordable way to monitor your credit score. It provides visibility over your credit standing for free to stay on top of your credit score anytime. Aside from that, it offers a full suite of credit monitoring services at an affordable price by simply signing up for membership. With everything that’s offered by MyFreeScoreNow, you will truly feel at ease concerning the monitoring of your credit score.
There you go, those are the best credit reporting services that you can subscribe to anytime. Note that this list is not organized in any particular order.
If you’re still skeptical if credit monitoring service is worth the cost, just think of the many possibilities you can suddenly get a bad credit score and the hassle of reversing it. You don’t need that much to sign up for a credit monitoring service. Besides, the best credit reporting services are surely worth the cost.
What do you think of our list? Leave us a comment below!
eCommerce Paradise was created by Trevor Fenner of Seattle, Washington in 2015 to help you, the entrepreneur, to start and scale your own eCommerce business selling high-ticket products online with the drop shipping fulfillment method so you can make more profit per sale, have a sustainable and evergreen online business, get started with very little upfront investment, and live a location independent lifestyle. Trevor owns multiple 7-figure High-Ticket Drop Shipping eCommerce stores and is a digital nomad, traveling the world while working remotely with the help of his team of over 10 virtual assistants from around the world. Trevor is currently located in Bali, Indonesia. Trevor is also a passionate skateboarder, surfer, scuba diver, photographer, environmentalist, outdoorsman, fitness and tattoo enthusiast.
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