Other myFICO Services
Besides credit reports and scoring, myFICO also offers consumers a credit monitoring program that allows them to keep tabs on their credit scores on a daily basis. For a monthly fee of around $9, customers get free credit reports from Score Watch, a system that actively monitors credit files and scores from Equifax. Score Watch also details the positive and negative details on the credit card and gives practical advice on dealing with the bad points. Members can choose to receive email alerts of credit score changes, significant credit activity, and account balance adjustments. Users have to sign up for a minimum of three months to avail of this service.
Suze Orman’s FICO Kit Platinum is a premium product that offers comprehensive credit management. For a one-time fee of $50, customers get all the standard features of the FICO credit report, as well as a range of additional features. These include the following:
Action Planner: Analyzes the person’s credit scores and comes up with a step-by-step plan toward managing and improving credit
Debt Eliminator: Provides personalized analysis of current debts and payment plans. The program determines whether there is too much interest and offers a negotiation guide for getting better rates.
InfoVault: Allows users to store important personal information such as credit card numbers, social security numbers, account numbers, insurance, personal profile, and even medical information.
FICO Score Simulator: Predicts score adjustments for common credit actions such as paying bills, making advanced payments, maxing out credit cards, and applying for new loans.