MyScore.com is a credit reporting and monitoring website owned by CSIdentity Corporation, a provider of identity protection and fraud detection with headquarters in Austin, Texas. CSID was started in 2006 and provides a wide array of credit monitoring and protection services to large companies, such as MasterCard and AT&T. According to CSID, the company powers 80 percent of the retail identity protection industry. The company is accredited by the BBB and has an A+ rating.
What Services Does MyScore.com Offer?
MyScore.com provides credit reports, daily monitoring and credit scores from all three credit reporting agencies. It also offers consultation services to help undo the damage caused by credit fraud. Another feature of MyScore.com is a complimentary subscription to My-Rewards, which provides access to free products and coupons. This is a dubious benefit, as it amounts to registering for a coupons newsletter. One benefit of My-Rewards that is probably worth keeping is its complimentary roadside assistance, which offers a maximum of three claims for towing, tire change, jump start or fuel delivery services of up to $100 each claim.
MyScore.com does not provide users with their FICO scores or identity theft protection services.
How Does MyScore.com Work?
MyScore.com has three levels of credit reporting and monitoring coverage. The basic credit membership provides full access to TransUnion's credit report and score for $6.95 a time, and daily monitoring of Equifax and Experian. Daily monitoring means MyScore.com does not allow you to see your credit report but will contact you within 24 hours of any changes to your credit file.
The premium credit membership offers unlimited access to TransUnion's credit report and score and daily monitoring of Experian and Equifax's credit reports. The ultimate credit membership offers full and unlimited access to all three credit reports and scores.
However, MyScore is only clear on the cost of purchasing a credit report from TransUnion for users with a basic credit membership. This is because the website focuses on providing a free 7-day trial which automatically converts into a $29.95 monthly membership. According to certain reports, the 7-day trial only provides access to TransUnion's credit report and score. A full membership is required to access all three credit reports and scores. It is not clear which level of coverage the $29.95 buys you and there are many complaints against MyScore.com for being less than clear on the coverage they provide. Therefore, if you do chose to become a member, make sure you call MyScore.com and confirm what services are included in your membership.
In order to confirm their identity, users must open an account with MyScore.com and provide their full name, address, date of birth and Social Security Number, as well as a credit card or other method of payment.
How Much Does It Cost?
MyScore.com does not price its three tiers of coverage individually. The 7-day trial is free but converts to a $29.95 monthly membership once the trial expires. It's not clear which level of membership this will buy you.
How is MyScore.com Better/Worse Than Other Credit Reporting Companies?
MyScore.com gives access to all three credit reports and scores. Users who register for the 7-day trial can receive access to their TransUnion credit report and score for free. It is also backed by a large company that is a leader in the identity theft industry and has an A+ rating with the BBB.
However, MyScore.com does not specify which credit scores it offers. One thing is certain, they aren't FICO scores: the scores most lenders, insurance companies and other service providers use. MyScore.com's pricing schedule is confusing to the extreme that it doesn't specify which coverage is offered once the 7-day trial ends. The membership price of $29.95 is expensive for a product that doesn't include identity theft protection or FICO scores. Many users complain they didn't know they were agreeing to a monthly membership when they agreed to the 7-day trial. As always, it pays to read the terms and conditions carefully before making a purchase, even if it's marketed as a free trial.