The Top 4 Credit Monitoring Services Of 2020
You depend on your credit score for many things in life. Creditworthiness is important if you want to take out a loan, buy a home, complete renovations, consolidate debt, rent an apartment, or even set up a business. Accordingly, credit monitoring is an important factor for anyone seeking to manage their score and practice sound financial habits.
Credit monitoring services help protect your sensitive information while keeping a close eye on your score. If suspicious activity is detected, you’ll be alerted so you can stop the problem before it snowballs out of control. Some solutions will even scan the dark web and ensure your private information isn’t being sold.
Are you trying to determine which company provides the best credit monitoring service in 2020? Keep reading to learn more about the very best solutions and how you can benefit from regular scanning.
IdentityForce is a monitoring company with several levels of plans for customers to choose from. The plans include Value, Total, and Premier. The plans range in price from $8.99 to $34.99 and include $1 million of identity theft insurance.
Whenever your information is detected on the dark web, IdentityForce will send you an alert which can be a relief for many customers. If it suspects that your credit information has been compromised, the company will assign a US-based representative to work closely with you to resolve the issue. Furthermore, a convenient mobile app makes managing your information simple and easy.
Among the best credit monitoring services is PrivacyGuard which is renowned for its appealing offer; enjoy its credit monitoring services for just $1 for your first 14 days after you sign up. Once the offer period has ended, you’ll be charged a monthly subscription fee.
Plans range from a basic Identity Protection plan for $9.99 a month to the Total Protection plan for $24.99. Plans come with a variety of features, which may include your credit report from the three main reporting agencies, daily scanning of your credit, and a score simulator. Plans come with up to $1 million of ID theft insurance.
As a bonus, PrivacyGuard offers customers daily alerts sent by text or email whenever a change in your credit report has been detected. That way, you’ll never miss a moment of monitoring.
If you’re looking for a free alternative to paid credit monitoring solutions, then Credit Sesame is a destination worthy of further exploration. Several venture capitalists and investors founded the company, and their mission focuses on helping people establish better financial practices by improving their credit health.
Credit Sesame offers members close credit score monitoring based on TransUnion reports. Daily alerts, monitoring, and other changes are sent regularly as well, helping keep you informed in real-time. Still, for more advanced features like tracking your Social Security number, you’ll need to sign up for its Platinum Protection plan.
myFICO Ultimate 3B Credit Monitoring
With myFICO Ultimate 3B Credit Monitoring, you gain access to reports from the three major credit bureaus. The subscription costs $29.95 each month, or you can choose to pay $329.00 annually. While you can cancel anytime, keep in mind that you won’t receive a partial refund for months you’ve already paid.
myFICO Ultimate 3B Credit Monitoring is a comprehensive service, tracking 28 versions of your score. These scores might be used when applying for a mortgage, auto loan, or other credit. You’re also entitled to quarterly credit alerts to keep you up-to-date about where your score currently stands.
Additionally, you’ll be able to enjoy comprehensive scanning with alerts for new inquiries, public records, addresses, newly opened accounts, and more.
For coverage for two adults and up to four children, ID Watchdog offers credit monitoring services for $34.95 per month which is also accompanied by $1 million in identity theft insurance. What separates this solution from others is Platinum members' ability to receive $500,000 in reimbursement for money stolen from a health savings account (HSA), 401(k), or even employee stock option plans.
ID Watchdog offers three-credit report monitoring and will send alerts about your account if any activity deemed suspicious is detected. This is an especially interesting option for families with kids given ID Watchdog offers Equifax Child Credit Lock. To ensure that your child’s information remains safe and protected, this feature allows parents to create a credit report for their child and have it locked to prevent criminals from using it to open fake accounts or take loans in your child’s name.