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The Best Credit Monitoring Companies

Who Provides the Best Credit Monitoring Service?

Where is the best place to monitor your credit? In order to purchase a home, buy a car, or obtain almost any kind of loan, you need good credit and history. Falling behind on credit card payments, making too many expensive purchases, opening multiple credit card accounts, filing for bankruptcy, not paying monthly bills, and other factors may cause your credit score to drop significantly. On the flip side, staying on top of credit card payments, paying bills right away, and paying off loans are a few of the ways you can build a fantastic credit score.

Staying aware of your current credit score and proactively working to keep it up will help you, in almost all, financial aspects of your life. During the interview process, companies looking to hire may even request access to a modified credit report to check for signs of financial distress. This helps companies know if candidates may be at risk for committing theft or fraud. With new online services, you can easily access your credit score and stay on the road to financial success.

Wednesday, August 4th

2021 Credit Monitoring Company Reviews

Credit Karma Review Top Consumer Reviews Best-In-Class Blue Ribbon Award 5 Star Rating

Credit Karma

5 Star Rating Top Consumer Reviews Best-In-Class Blue Ribbon Award

Credit Karma is free - no strings attached. A credit reporting company that lets us view our VantageScore (may vary a bit from the FICO score) while helping us find products to help us manage it at no cost is just what we, the people, have been asking for. Credit Karma has a professional, easy-to-use website that provides all the resources you need to keep your credit score on track. We have ranked Credit Karma number one among their competitors for credit monitoring services.

My FICO Review 4 Star Rating

My FICO

4 Star Rating

My FICO is one of the few places you can actually get a true FICO score, rather than a VantageScore. FICO scores are typically used by lenders and prove to be more accurate than other credit calculations. Four plans are available for customers from $19.95 - $49.95/month from My FICO. Their services seem to be thorough and we are happy to see a place where individuals can check their actual FICO score.

Credit Sesame Review 4 Star Rating

Credit Sesame

4 Star Rating

Credit Sesame is a free credit monitoring service that provides a VantageScore (may vary a bit from a FICO score) to consumers to help them gauge their financial trajectory. Unless you choose to upgrade to their Platinum Protection membership, you will never be asked for credit card information. Their handy app allows you to easily check your credit report, get alerts, and browse products whenever you want. Credit Sesame is a great option for individuals looking for basic credit monitoring services at no cost.

LifeLock Review 3 Star Rating

LifeLock

3 Star Rating

Founded in 2005, LifeLock primarily aims to protect customers from identity theft by offering four different package options. Other primary services offered by LifeLock include device security, online privacy settings, and parental controls. Overall, LifeLock receives average feedback from customers, causing them to fall in the middle of the pack when it comes to credit monitoring services.

Equifax Review 3 Star Rating

Equifax

3 Star Rating

Equifax has lots of credit monitoring options at affordable pricing for consumers. Their major downfall is their poor reputation that has lingered since a major data breach in 2017. For those willing to overlook this major event and put trust in the future of Equifax, the features offered through the company many prove valuable.

Experian Review 2 Star Rating

Experian

2 Star Rating

Experian is one of the three main credit bureaus used to generate credit reports. Experian reports are provided through most competitors. One of their most unique features is Experian Boost that allows people to build credit off of cell phone and utility payments. However, Experian has mostly negative reviews from customers who report that they overcharge, have poor customer service, and do not offer the help with building credit that they claim they do.

Credit Reporting Review 1.5 Star Rating

Credit Reporting

1.5 Star Rating

Credit Reporting claims they offer a 3 Bureau Credit Report by combining credit information from TransUnion Equifax, and Experian. Instead, the offer outdated information and links back to the Experian website. If you are looking for a credit report or other helpful resources straight from Credit Reporting, you will not find them. Credit Reporting has earned the lowest spot in our rankings for credit monitoring services.

Free Score 360 Review 1.5 Star Rating

Free Score 360

1.5 Star Rating

Free Score 360 offers a 7-day free trial of their services powered by ScoreSense. After the trial period, customers are automatically billed $29.95 monthly for a membership unless they can reach customer service to cancel. Aside from many customer complaints about their services, Free Score 360 offers limited features and does not stand out above their competition.

Free Credit Score Review 1 Star Rating

Free Credit Score

1 Star Rating

Free Credit Score offers both free services and a paid membership. With the free services, consumers gain access to their Experian credit report (updated every 30 days) and FICO score. Free Credit Score does not stand out among competitors by offering anything out of the ordinary. Their premium membership costs more than some of the other credit monitoring services and we found it is nearly impossible to contact customer service with issues. We have ranked Free Credit Score the lowest among the credit reporting services we have considered.

Compare the Best Reviews

Continued from above...

Aside from working to qualify for a loan or your next big career move, a big issue in the world today is identity theft. It is estimated that nine million Americans are victims of identity theft each year. Sometimes this can be caught by watching to see if your credit score takes a major hit. If this is the case, you can dispute the credit report and work to fix the problem. Working with a credit monitoring company that has good customer service to help you through potential issues is important.

Before choosing a credit monitoring service, we suggest you keep the following criteria in mind:

  • Cost. Will you be charged a monthly fee? How do rates compare to their competitors? Find a company that works to keep things budget-friendly.
  • Customer Service. It is important to have easy access to a knowledgeable customer service team that can clearly answer your questions. It can be frustrating to be left confused or jump through hoops to speak to an agent.
  • Resources. Is the website easy to navigate with plenty of straightforward options to manage your credit report? The company should be your advocate for helping you improve your credit score and find the lowest rates on purchases.

To help you identify the best credit monitoring service, TopConsumerReviews.com has reviewed and ranked a variety of options. We hope this information helps you find a credit monitoring company that will provide a good experience for you!

The Best Credit Monitoring Companies Compare Credit Monitoring Companies Compare Credit Monitoring Company Reviews What are the best Credit Monitoring Companies Best Credit Monitoring Company Reviews

Credit Monitoring Company FAQ

Credit monitoring keeps an eye on financial transactions associated with your credit use: your buying behavior, changes in your credit score, and so on. When potential fraud is detected, a credit monitoring service notifies you quickly so that you can put a stop to any unauthorized use of your information or money.
Unless you have the time and energy to keep an eagle-eye watch over all of your accounts, credit monitoring is a must in this age of phishing scams, spam phone calls, and data breaches. Having a credit monitoring service in place can shut down fraudsters early on, before any serious damage is done to your credit history (or your bank balance!).
Many services are offered at no charge. Yes, you read that correctly: you can get a certain level of credit monitoring for absolutely no fees. However, if you're looking for the most comprehensive services, you can expect monthly fees ranging from $12 to $35.
It's important to point out that credit monitoring doesn't prevent fraud. It can only give you tools to try and protect yourself, while letting you know right away if anything suspicious is detected. Credit monitoring won't stop your credit card from being skimmed, keep your data protected if there's a breach somewhere, or prevent an identity theft from applying for credit in your name.
Both types of score represent different models used to predict how likely it is that any given consumer will be at least 90 days behind on a bill sometime in the next two years. Because they give different weights to the various components in their calculations, the scores they return can be different for the same individual. For example, to get a FICO score, you need to have at least one credit account that's six months "old" or more, but a VantageScore only requires you to have one active account (even if it's not six months "old" ).
It's definitely worth considering. Because most minors don't have extremely active credit accounts (car loans, credit cards, and so on), fraud can go undetected for a very long time. Without credit monitoring, your child could go to apply for a college loan or their first credit card and find out that someone has been using their name to open accounts for years!
While your credit card company probably does alert you if fraud is detected, it's not designed to be comprehensive: they don't keep an eye on your bank account or any use of your Social Security number to open accounts. Your bank may provide your credit score when you sign into your account, but they don't flag most transactions. Unless you're going to play an active role in monitoring your credit, it's worth it to pay for a service to track it all for you. Plus, many credit monitoring services will help you restore your identity if it's compromised while you're a subscriber.
Be sure to check out what other customers have said about the service. Also, look for a listing with the Better Business Bureau, to give yourself that added assurance that the credit monitoring service you're considering is reputable.
See the Best Credit Monitoring Company
The Best Reviews of Credit Monitoring Companies