Equifax Credit Monitoring Review | Features and Pricing Plans in Detail

When it comes to ensuring your credit score and good standing, you need a good credit monitoring service. Credit monitoring is not an easy thing. You should entrust the job to a credible service provider, like Equifax. As one of the biggest credit bureaus, Equifax aims to offer the best for everyone. Is Equifax worth considering? You might be wondering how this service compares with the best credit monitoring services we reviewed here. To give you the answer, we tried the different plans offered by the company. In our Equifax credit monitoring review, we’re going to share facts and our experience in using this service.

Equifax Credit Score Monitoring Review

Established in 1899 in Atlanta, Equifax grew up and thrived in the past several years. It eventually became one of the biggest credit reporting companies in the world. Likewise, it is one of the 3 highly established credit reporting agencies in the United States, together with TransUnion and Experian.

Equifax promises to check regularly your credit report, monitor your credit applications for credit cards and loans, social security number, your payment history, including bankruptcies or subscriptionss sold to collection agencies. Besides, it can provide tailored confirmation services to the government and businesses. We’re glad to know that Equifax free credit monitoring services can offer all these things to every interested individual.

Equifax Pricing Plans

The plans offered by Equifax are entirely subscription-based. This means we are paying a certain cost of fee every month to get access to this credit monitoring service. Aside from that, Equifax has given us the privilege to cancel our subscription just in case we feel we don’t need it any longer.

Equifax offers 3 different plans: ID Patrol plan, Complete Premier Plan, and Family Plan. The cheapest plan is the ID Patrol that costs only $16.95/month. The next one, the Complete Premier Plan, is available with a monthly charge of $19.95. Also, the Family Plan is the most expensive option that costs $29.95/month.

The ID Patrol Plan

For just $16.95 per month, the Equifax ID Patrol entitles you to a wide array of services. These include basic protection for your Equifax credit report against identity theft. The ID Patrol Plan is worth considering if you’re serious regarding your current credit standing. By using this plan, we didn’t experience any hassles when applying for loans and credit cards.

The ID Patrol Plan is not only affordable and capable of protecting your Equifax credit score and reports. With our subscription, we enjoy credit score monitoring report from the three major credit bureaus, yearly 3-agency credit report, and credit report lock. It also offers an auto Equifax fraud alert.

The Equifax Complete Premier Plan

If you’re willing to spend a little more, then we recommend this plan to you. For only $19.95/month, Equifax will quickly inform you about the changes that occurred in your credit reports and score. That’s one thing we like in this Complete Premier Plan.

We’re sure our credit score or report stays protected from any malicious activities that can significantly harm our name and reputation. Alerts will arrive on your inboxes in no time to help prevent unwanted things to happen sooner or later. Consider this plan if you are single and want to enhance your Equifax credit score and maintain your identity good and safe.

Aside from the benefits of the ID Patrol Plan, the Complete Premier Plan offers yearly three credit bureaus credit scores, credit report monitoring, daily credit score, and financial alerts.

The Equifax Complete Family Plan

This is the last and the most expensive option. Costs $29.95/month, the Complete Family Plan does not have extra features, unlike the Premier plan. However, it gives access to one more adult member of the family to Equifax credit monitoring and ID theft protection free of charge.

With this plan, we can monitor our credit good for a maximum of 4 kids. Hence, this plan is worth getting if you are a parent or live in one home with at least 2 adults.

The Complete Family Plan has all the benefits of the previous two plans. Aside from that, it offers access to another adult to enjoy the Premier features.

Equifax features

Equifax gives helpful tools on the web without any extra charges to help in protecting yourself against ID theft. These include Equifax credit freeze and unfreeze. Also, the service is allowing a subscriber to put a fraud alert. The best of all, the process of checking your latest credit score has been made easier with Equifax.

How to freeze your credit with Equifax

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How to place a fraud alert

Fraud alerts will also secure your personal information. By putting free fraud alerts in your credit file, lenders and creditors will still be able to access your report; it will be alerted to confirm your identity before letting new and additional credit to be registered under your name.

Putting fraud alerts is advisable when your credit information has been compromised or when your data was stolen. The alerts can be put in 2 increments: the 1-year fraud alert and 7-year extended fraud. The former is available via email, phone, and online. The latter requires the exclusive request form plus the necessary documents proving you are an ID theft victim.

How can I check my credit score with Equifax?

Equifax provides up to 30 days of instant access to your Equifax credit score that the company calculates by using a special algorithm. You will be able to view your score and the assessment that will tell you the positive and bad things in your latest credit report. You will also gain access to the customer service agents who will walk you through the succeeding steps in fixing the flagged Equifax uncovers.

Checking your credit scores has no negative impact on your credit report. When checking your credit scores and report, it is considered your credit’s soft pull. The whole is easy to do, which is another thing we want about Equifax credit monitoring program.

How to freeze your credit with Equifax

Known as a credit freeze or security freeze, this smart feature is allowing a subscriber to stop unauthorized individuals from accessing your credit record. Hence, in case someone steals your personal information, that person will fail to open another credit card and apply for loans by using your name.

Equifax unfreeze is also easy to do. A credit freeze is highly recommended and should be done as soon as possible when you learn your personal information was compromised or stolen.

Doing a credit freeze with Equifax is simply straightforward. After opening a subscription, you can put, lift, or remove the Equifax security freeze for good. This service is offered online, via mail, and through the phone. You can also use the Equifax lock and alert app for instant credit file lock.

How to place a fraud alert

Fraud alerts will also secure your info. By putting free fraud alerts in your credit file, lenders and creditors will still be able to access your report; it will be alerted to confirm your identity before letting new and additional credit to be registered under your name.

Putting fraud alerts is advisable when your credit information has been compromised or when your data was stolen. The alerts can be put in 2 increments: the 1-year fraud alert and 7-year extended fraud. The former is available via email, phone, and online. The latter requires the exclusive request form plus the necessary documents proving you are an ID theft victim.

How can I check my credit score with Equifax?

Equifax provides up to 30 days of instant access to your credit status that the company calculates by using a special algorithm. You will be able to view your score and the evaluation that will tell you the positive and bad things in your latest credit report. You will also gain access to the customer service agents who will walk you through the succeeding steps in fixing the flagged Equifax uncovers.

Checking your credit status has no negative impact on your credit report. When checking your credit status and report, it is considered your credit’s soft pull. The whole is easy to do, which is another thing we want about Equifax credit monitoring program.

equifax credit monitoring features

What Sets Equifax Apart?

Equifax provides most of the things that Experian and TransUnion credit monitoring program can offer. What makes this one different from those two are these 2 online tools designed for preventing ID theft. These tools are fraud alerts and credit freeze.

A credit freeze is a very important tool to protect your info and credit report or scores if you found your details were stolen. You can freeze your credit report by using the Equifax online application.

A fraud alert will also be helpful. It allows the creditors to access your credit file. However, this feature will require them to verify your identity before they can open a new credit card or extend an existing one under your name.

Pros

  • With 30 days of free access. You’ll get a chance to enjoy the service and see if it’s right for you before paying for it.
  • You’ll know more regarding your credit report. This will help you raise your credit points.
  • Get instant assistance and support at the time you need it the most.

Cons

  • Credit scores may vary to up to 50 points. This will depend on the kind of loans you applied to, be it home, personal, or auto. This means the credit total that you pay for might not be what the creditor will see.
  • FICO score is unavailable. It gives you the idea of what the potential creditor may see if you apply for credit. Creditors often depend on the FICO score instead of the score provided by Equifax.

FAQs

1. Is Equifax credit monitoring any good?

If you can overlook Equifax’s poor reputation and reluctance to improve security following the attack, it’s worth considering. However, it does offer a reasonably comprehensive selection of products such as credit monitoring and identity theft protection program, and other products.

2. How does Equifax credit monitoring work?

ECS securely collects and stores your Equifax Canada credit report and uses it to provide you with your product. To learn more, click here. Internet Scanning will search for your Social Insurance number (if you provide one), up to five bank account numbers, and up to six credit/debit card numbers.

3. Does Equifax monitor bank accounts?

This can occur if the lender or creditor modifies the way the subscription is reported. For example, if a bank reports an account number to Equifax as 12345678 one day, Equifax credit monitoring will search for that account details the next day.

4. Does Equifax offer free credit monitoring?

You receive four years of free credit report monitoring from all three major credit bureaus — Equifax, TransUnion and Experian credit report. Additionally, consumers will receive $1 million in identity theft coverage for insurance. You can opt for free monitoring for an additional six years, but it will only cover your Equifax credit record.

5. Is Equifax com safe to use?

Equifax is very safe. You receive four years of free credit report monitoring from all three-bureau credit monitoring — Equifax, Experian, and TransUnion. Additionally, consumers will receive $1 million in identity theft insurance. You can opt for free monitoring for an additional six years, but it will only cover your Equifax credit record.

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About Lawrence Jung

Lawrence graduated cum laude from Boston University with a B.S. in Journalism. He then started working with The New York Times for 3 years as an editor. Upon their acquisition of online review website the Wire Cutter he became exposed to the digital world of review-style articles and digital content. He was a writer for many tech review products where he developed his expertise in the electronic and PC peripheral space. He quickly got promoted to managing a writing team where he was responsible for training and managing a team of over a dozen writers. After being there for another 3.5 years, Lawrence left in late 2019 to help Dusan create VSS Monitoring, where he could help design and contribute to the site’s content and website’s architecture to develop what he wants to become THE top tech resource online.

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