Equifax Complete Advantage
in Credit Monitoring Tools from Equifax Complete AdvantageUnaffiliated
Equifax Complete AdvantageUnaffiliated
in Credit Monitoring Tools from Equifax Complete Advantage
Strongly not recommended
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|Community Rating||Strongly not recommended|
|Max Monthly Fee||$17.95|
|Identity Theft Insurance?||Yes|
|Triple Bureau Credit Monitoring?||Yes|
Equifax Complete Advantage Review
Equifax Complete Advantage is a credit reporting and monitoring product offered by Equifax: the oldest of the three major credit reporting agencies. Equifax is based in Atlanta, Georgia and has a staff of over 7,000 employees. It was incorporated in 1899 and had a total revenue of $2.44 billion in 2014. Equifax is an accredited business with the BBB and has an A+ rating.
What Services Does Equifax Complete Advantage Offer?
Equifax Complete Advantage offers users an annual snapshot of their three-bureau credit report and scores, as well as unlimited access to their Equifax credit report and score. To be clear, the initial 3-bureau credit score offer is a one-time a year deal; and although it uses all three credit reports, it is only based on Equifax's credit score model, not your FICO score.
Equifax Complete Advantage also offers members online privacy monitoring; access to identity theft specialists; daily credit monitoring of their Equifax credit data; a $25,000 identity theft insurance; financial alerts on suspicious activities on up to two banking or credit card accounts and an interactive score estimator. The privacy monitoring service scours the internet to reveal what private information exists about you online and helps you protect its accuracy. This service is powered by Reputation.com. The score estimator is a useful tool that helps you calculate the effect financial decisions could have on your credit score.
How Does Equifax Complete Advantage Work?
Equifax Complete Advantage is a subscription service that provides unlimited access to your Equifax credit report, and credit score. It also includes the credit reports of Experian and TransUnion once a year and access to useful credit tools. As with any other credit reporting company, Equifax Complete Advantage users must confirm their identity and register an account before they get access to their credit score. This requires users to provide personal information, such as their name, their date of birth and Social Security Number.
How Much Does It Cost?
Equifax Complete Advantage costs $5 the first month and $18 a month thereafter.
How is Equifax Complete Advantage Better/Worse Than Other Credit Reporting Companies?
Equifax Complete Advantage is powered by Equifax, one of the three major credit reporting bureaus. It includes annual credit reports from all three credit reporting agencies, daily monitoring of Equifax's credit data and unlimited access to Equifax's credit score. As a bonus it also protects your personal information, includes identity theft insurance and will monitor your bank and credit card accounts. All for the just $18 a month.
However, Equifax does not provide your FICO score, the credit score lenders actually use. Instead it only uses the Equifax Credit Score. Even the annual three-bureau credit report and score is based exclusively on the Equifax Credit Score. Equifax doesn't monitor your credit data with Experian and TransUnion either. In other words, it only provides a partial view of your credit history and doesn't include the score that actually matters to lenders. If you are in the market for a loan and want to see the score lenders use to determine eligibility, you will probably want to purchase your FICO score from all three bureaus.