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myFICO Identity Theft Protection Review 2023

8.7
very good
Sarah Pritzker

In a Nutshell

myFICO is an identity theft monitoring service that primarily focuses on credit monitoring. As such, it offers a lot of features that more traditional identity theft protection services do not, like alerts when credit inquiries are made or whenever your credit score changes. myFICO’s solution offers 3-bureau reports and monitoring, so you get a full picture of your credit status.

pros

  • 3-bureau credit monitoring
  • Monthly credit reports
  • Score simulator online tool

cons

  • Basic plan doesn’t offer much identity theft protection
  • Not available for New York residents

myFICO myFICO Visit Site

A brilliant solution for:

  • Anyone who wants to keep tabs on or improve their credit score and report
  • People who want to have tools to make smarter financial decisions
  • Those looking for family identity theft protection plans

How does it work?

myFICO operates like most other identity theft protection services. After you sign up and select a plan (all done online, of course), you will put in your identifying information and answer a few questions to prove your identity.

After that, myFICO will scan its databases to see if your personal information is mentioned anywhere. Once the scan is complete, you’ll receive an in-depth report about your credit and where you can improve your identity security.

From there, myFICO will regularly scan and continuously monitor your personal information for any suspicious activity or changes. In the event that something is triggered, you will be notified in 1 of 3 ways: via the mobile app, SMS, or email, whichever you prefer. Examples of an alert trigger include when a new account is opened in your name, when a new address is listed under your name, or when a new public record listing shows up.

One of the most important alerts you’ll receive from myFICO is if a credit inquiry is made on your information. This is important because it could be a sign that someone is trying to use your personal data to take out a loan. Many of the top name brand identity theft protection specialists do not offer this basic alert, so it’s good to know that myFICO does.

What does this service watch out for?

myFICO has many of the usual services such as dark web surveillance and Social Security number monitoring, but its strength is even more apparent in the areas of credit score and reporting. For one thing, the Ultimate plan gives you access to multiple FICO scores (yes, you actually have several), including the FICO Score 8 which is the most commonly used credit score looked at by the majority of lenders.

What’s even more impressive is that myFICO sends you notifications if your credit score changes. This is something that most identity theft providers do not do, despite it being an extremely important early warning sign of fraud. myFICO gets big points for this feature.

myFICO also offers a detailed analysis of your credit report known as risk assessment. This feature is particularly helpful in showing you what’s wrong with your current credit behavior so that you can fix problems and avoid major issues that lead to identity theft and fraud. Again, another major identity theft preventative measure that not enough protection plans offer.

Here are some of the things that myFICO identity theft packages cover:

  • Credit monitoring of TransUnion, Experian, and Equifax
  • Credit alerts telling you whenever your score changes
  • Quarterly, monthly, or annual reports depending on the plan you purchase
  • Dark Web surveillance
  • Public records monitoring
  • Payday loan monitoring
  • SSN monitoring
  • Financial account takeover monitoring

Note that not all of these services are available for all plans, particularly the Basics 1B plan. See the pricing section below for additional details about which features are covered under which plans.

Another super useful tool is the myFICO score simulator. This actually lets you see in real-time how an action will affect your credit score. Let’s say, for example, you want to take out a loan, but you don't know how it'll affect your credit score. You can plug the numbers into the simulator and see exactly what will happen to your score. This is an excellent way to help people make smarter financial decisions, encourage them to make debt payments more often, and use caution before taking actions that will affect their scores negatively.

Recovery services - what can myFICO do if my identity is stolen?

While the purpose of an identity theft protection service is to help you avoid this devastating occurrence, no service is foolproof. Which is why it’s good to know that myFICO is there for you when the worst case scenario happens as well. Here’s how it will help you:

  • ID theft insurance

As with most other professional-grade identity theft protection services, myFICO offers $1 million identity theft insurance. If your identity is stolen, you will be reimbursed the costs that you incurred while restoring your identity. That includes travel expenses, lost wages, legal advice and costs, document replacement, child care, and other personal expenses. It also covers any fraudulent charges that may have been made to your accounts. There are limitations for each cost field, though, so read the fine print carefully. For example, you can get up to $10,000 reimbursed for unauthorized electronic funds transfers, while forgery or data breach will cover up to the full $1M.

  • 24/7 customer service

myFICO offers 24/7 identity theft restoration coverage. That means at any time of day or night you can receive assistance in recovering your identity in the event that it has been stolen or used fraudulently. You’ll get your own manager who will work with you privately on your case and see it through straight until the end of the process.

  • Lost wallet replacement assistance

A myFICO representative will help you take care of all the follow-up steps you need to go through in the event that your wallet is lost or stolen. These include replacing identity cards, like your driver’s license, and canceling credit cards before anyone has a chance to use them.

How easy is it to use?

Like most identity theft services, myFICO is a set and forget service. After you input your information and set up your account (just a few minutes in total), you’re off the hook. myFICO will take care of the rest.

Pricing

myFICO offers 4 plan—3 for individuals and 1 for families—which covers 2 adults and up to 10 children. It’s nice that they have a family plan because it can get very expensive if you have to pay a new subscription fee for each member of your family. Here’s what you’ll pay and what you’ll get for each plan:


1B Basics
3B Ultimate
3B+ Ultimate
Price per individual monthly
$19.95
$29.95
$39.95
Price per family
N/A
$49.95
N/A
FICO scores 
1 bureau
3 bureaus
3 bureaus
Score monitoring (FICO Score 8)
1 bureau
3 bureaus
3 bureaus
Credit monitoring with alerts
1 bureau
3 bureaus
3 bureaus
Credit report
1 bureau monthly
3 bureaus, quarterly
3 bureaus, monthly
Scores for mortgages, autos, cc
1 bureau monthly
3 bureaus, quarterly
3 bureaus, monthly
Score simulator
1 bureau monthly
3 bureaus, quarterly
3 bureaus, monthly
Risk assessment
1 bureau monthly
3 bureaus, quarterly
3 bureaus, monthly
Dark web surveillance
No
Ongoing
Ongoing
Identity theft monitoring
No
Ongoing
Ongoing
SSN monitoring
No
Ongoing
Ongoing
24/7 identity theft restoration
Yes
Yes
Yes
Lost wallet assistance
Yes
Yes
Yes
$1 million Identity Theft Insurance
Yes
Yes
Yes

As you can see, the Basics 1B plan isn’t very impressive for identity theft protection, which is why we recommend you opt for the 3B or the 3B+ plans if you’re serious about ID theft protection. These two plans have a ton of security features to keep your private data safe, more than most other providers. For example, the 3B+ plan offers 3-bureau monthly credit reports, score updates, and risk assessment.

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Help & Support

myFICO has 24/7 customer support, so you’re never stuck without someone to turn to. There are phone hours from Mon - Fri 6am to 6pm Pacific Time and Sat 7am to 4pm Pacific Time at the toll-free number: 1-800-319-4433 for standard questions too. You can also send an email via the online contact form or browse the community forum and FAQ section.

Bottom Line

myFICO provides you with a ton of credit reporting and monitoring features that many of the other services of its ilk do not. That’s why this is the best option for you if you are looking to keep an eye on your credit score (example: if you are considering a loan in the near future, if you had a messy divorce and are nervous about your ex taking action against you, etc.).

myFICO is also a great option if you are looking to improve your credit. With tools like the online score simulator and risk assessment, myFICO gives you the right tools and information you need to rebuild your credit back to the top.

Sarah Pritzker writes for top10.com and is a content writer with years of experience and a keen interest in the vast world of online consumer products. She enjoys helping readers make sense of the options on the market in a variety of fields.

myFICO customer reviews

Based on 50 reviews

Ease of use

Brand satisfaction

Value for money

Service quality

Top Reviews

Ease of use

Brand satisfaction

Value for money

Service quality

a year ago

I have not been hacked, and that's great. They could offer it as a free service. It is a new service to me, but so far have not encountered any problems.

a year ago

It allows you to check the status regularly and gives you updates on your account. I like that.

a year ago

They send you updates and notifications when your information is being used without your permission. Having it makes me feel more secure.

a year ago

MyFico helps to keep track of what my fico score is. Happily, I'm well above 800. They make sure no problems arise with my credit score.

a year ago

They help you to fight against fraud and always alert you of potential identification theft. They also help you with your credit. You can build your credit and check your reports. MyFico is an awesome software that everyone should use.

a year ago

They are fantastic. They tell me my credit score and help keep my identity safe. I have had it stolen before and it has not been stolen since I started using this service. Also, excellent pricing and customer service. This is a fantastic service, and I would recommend it to anyone who wants to protect their identity.

a year ago

MyFico has excellent ratings by consumers, so it must be good. Luckily I have not needed to use their services at this point, but I'm glad I have it just in case.

3 years ago

I was glad that I found out about this because it not only comes with identity protection but it also lets you check your credit score

3 years ago

Easy to use gives good info. Is a good deal good price never gave had any issues. gives you good advice

3 years ago

They make it very simple to understand what protection you have and how they will alert you to anything suspicious.

3 years ago

It provides a valuable service by monitoring my FICO score and my overall credit

3 years ago

Very easy to set up. Gives accurate information when alerted. Easy to use and has twenty four hour support

3 years ago

I've had only good experiences, it's easy to use with excellent customer support. I feel safe using it.

3 years ago

Very easy to access, website is fast to load and get done with what you want to do in a very short time.

3 years ago

The program/website is easy to use and I have never had any problems with the program. I feel like my information is secure.

3 years ago

My fico is the best place to get a real credit score. It only does a soft pull, so there are no dings on my credit for checking myself, and the price is very reasonable.

3 years ago

There was a data breech in a company that my information was part of and I was offered a free 3 years of identity protection with their service and I was very pleased.

3 years ago

I can monitor my credit score/report on a periodic basis and instantly figure out what needs to be done if there is a problem.

3 years ago

It's a fairly easy program to use for monitoring your credit. It's offers plenty of features you find in other credit monitoring software.

3 years ago

easy to read reports and scores in simple language. Shows what numbers mean to me. Easy to use website

50 reviews
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