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Compare Credit Monitoring Tools

You may already understand the importance of monitoring your credit, but you might have no conception of how to do so. At a basic level, you can inspect your credit report from each of the three major credit reporting bureaus: Equifax, Experian and TransUnion for no charge once every 12 months through the annualcreditreport.com website. Obtaining your actual FICO score without paying a fee is a bit trickier, but still possible through services like Mint or CreditKarma. Commercial credit reporting services include paid functions above and beyond these basics. The categories listed below allow you to evaluate commercial credit reporting services to ensure that you receive the services you need – without unpleasant surprises.

Commercial Credit Reporting Services

At least one popular commercial credit reporting service features catchy television commercials touting free credit scores. What those commercials fail to reveal is that those so-called free scores require users to subscribe to expensive credit monitoring services. As stated earlier, you can monitor your own credit report and obtain FICO scores without paying a fee. On the other hand, paid credit reporting services definitely have their place. The best services include dispute resolution assistance, including providing the proper forms to submit to credit reporting agencies, although it's still up to you to follow through and submit them.

  • Identity Guard
  • FreeCreditReport.com
  • CreditScore.com
  • Privacy Guard
  • Privacy Matters
  • CreditReport.com
  • True Credit
  • MyFICO

Identity Theft Protection

Unfortunately, credit card fraud and identity theft are real and increasing threats. Several commercial credit reporting services include identity theft protection, albeit at an extra cost. These services include notification when unusual activity takes place with one or more monitored accounts. Top of the line services include identity theft insurance to cover losses that occur due to fraud as well as working with credit reporting agencies and the authorities to restore your financial good name. Typical insurance coverage often ranges from 25,000 dollars to 50,000 dollars; premium services offer coverage for up to 1 million dollars in losses.

Support, Education and Services

If your FICO score is above 800, you're probably already pretty savvy about how best to handle credit and maintain a handle on your general finances. But for the majority of individuals, education and support to help correct credit issues and raise credit scores represents a useful function, and one that several commercial credit reporting services offer.  Other useful features include online credit report monitoring, mobile apps and readily available customer service, either by email, phone or live chat.

Maintaining a Healthy Credit Profile

Despite the impression given by many credit reporting agency advertising, credit monitoring alone will not ensure a high FICO score. Instead, what credit reporting services can do is to empower users to address those areas that need attention, including errors. If you're shopping for a house, knowing up front that late fees are dragging your FICO score down allows you to pay off those fees before a mortgage lender runs an official credit check. Taking steps like that can make the difference between being approved – or declined – for credit.

Compare Credit Monitoring Tools

You may already understand the importance of monitoring your credit, but you might have no conception of how to do so. At a basic level, you can inspect your credit report from each of the three major credit reporting bureaus: Equifax, Experian and TransUnion for no charge once every 12 months through the annualcreditreport.com website. Obtaining your actual FICO score without paying a fee is a bit trickier, but still possible through services like Mint or CreditKarma. Commercial credit reporting services include paid functions above and beyond these basics. The categories listed below allow you to evaluate commercial credit reporting services to ensure that you receive the services you need – without unpleasant surprises.

Commercial Credit Reporting Services

At least one popular commercial credit reporting service features catchy television commercials touting free credit scores. What those commercials fail to reveal is that those so-called free scores require users to subscribe to expensive credit monitoring services. As stated earlier, you can monitor your own credit report and obtain FICO scores without paying a fee. On the other hand, paid credit reporting services definitely have their place. The best services include dispute resolution assistance, including providing the proper forms to submit to credit reporting agencies, although it's still up to you to follow through and submit them.

  • Identity Guard
  • FreeCreditReport.com
  • CreditScore.com
  • Privacy Guard
  • Privacy Matters
  • CreditReport.com
  • True Credit
  • MyFICO

Identity Theft Protection

Unfortunately, credit card fraud and identity theft are real and increasing threats. Several commercial credit reporting services include identity theft protection, albeit at an extra cost. These services include notification when unusual activity takes place with one or more monitored accounts. Top of the line services include identity theft insurance to cover losses that occur due to fraud as well as working with credit reporting agencies and the authorities to restore your financial good name. Typical insurance coverage often ranges from 25,000 dollars to 50,000 dollars; premium services offer coverage for up to 1 million dollars in losses.

Support, Education and Services

If your FICO score is above 800, you're probably already pretty savvy about how best to handle credit and maintain a handle on your general finances. But for the majority of individuals, education and support to help correct credit issues and raise credit scores represents a useful function, and one that several commercial credit reporting services offer.  Other useful features include online credit report monitoring, mobile apps and readily available customer service, either by email, phone or live chat.

Maintaining a Healthy Credit Profile

Despite the impression given by many credit reporting agency advertising, credit monitoring alone will not ensure a high FICO score. Instead, what credit reporting services can do is to empower users to address those areas that need attention, including errors. If you're shopping for a house, knowing up front that late fees are dragging your FICO score down allows you to pay off those fees before a mortgage lender runs an official credit check. Taking steps like that can make the difference between being approved – or declined – for credit.

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Company

Reviews

Identity Theft Insurance

3-Bureau Credit Monitoring

Additional Details

Company Website

myFICO

myFICO

 
2
4
6 total votes
Identity Theft Insurance Provided Identity Theft Insurance
3-Bureau Credit Monitoring Provided 3-Bureau Credit Monitoring
  • FICO Score Available
  • 3-Bureau Credit Monitoring
  • Online Credit Education
  • Identity Theft Insurance
Credit Sesame

Credit Sesame

14
4
 
19 total votes
Identity Theft Insurance Provided Identity Theft Insurance
3-Bureau Credit Monitoring N/A 3-Bureau Credit Monitoring
  • No Monthly Fees
  • Online Credit Education
  • Identity Theft Insurance
Nav

Nav

8
 
7
16 total votes
Identity Theft Insurance Provided Identity Theft Insurance
3-Bureau Credit Monitoring N/A 3-Bureau Credit Monitoring
  • Online Credit Education
  • Identity Theft Insurance
LifeLock

LifeLock

 
2
5
8 total votes
Identity Theft Insurance Provided Identity Theft Insurance
3-Bureau Credit Monitoring Provided 3-Bureau Credit Monitoring
  • Fix Credit Report Errors
  • 3-Bureau Credit Monitoring
  • Identity Theft Insurance
Credit Karma

Credit Karma

7
7
 
15 total votes
Identity Theft Insurance N/A Identity Theft Insurance
3-Bureau Credit Monitoring N/A 3-Bureau Credit Monitoring
  • No Monthly Fees
  • Online Credit Education
TrustedID

TrustedID

 
6
2
8 total votes
Identity Theft Insurance Provided Identity Theft Insurance
3-Bureau Credit Monitoring Provided 3-Bureau Credit Monitoring
  • 3-Bureau Credit Monitoring
  • Identity Theft Insurance
AnnualCreditReport.com

AnnualCreditReport.com

2
2
2
6 total votes
Identity Theft Insurance N/A Identity Theft Insurance
3-Bureau Credit Monitoring Provided 3-Bureau Credit Monitoring
  • No Monthly Fees
  • 3-Bureau Credit Monitoring
FreeScore

FreeScore

 
 
9
10 total votes
Identity Theft Insurance N/A Identity Theft Insurance
3-Bureau Credit Monitoring Provided 3-Bureau Credit Monitoring
  • 3-Bureau Credit Monitoring
PrivacyGuard

PrivacyGuard

 
7
4
11 total votes
Identity Theft Insurance Provided Identity Theft Insurance
3-Bureau Credit Monitoring Provided 3-Bureau Credit Monitoring
  • 3-Bureau Credit Monitoring
  • Online Credit Education
  • Identity Theft Insurance
American Express CreditSecure

American Express CreditSecure

3
5
3
11 total votes
Identity Theft Insurance Provided Identity Theft Insurance
3-Bureau Credit Monitoring Provided 3-Bureau Credit Monitoring
  • 3-Bureau Credit Monitoring
  • Identity Theft Insurance