myFICO Identity Protection is a comprehensive service offered by myFICO, a company known for its credit scoring services. This identity protection service is designed to help individuals safeguard their personal information and financial well-being from the risks of identity theft and fraud. Here are some key features typically offered by myFICO Identity Protection:
- Credit Monitoring: Continuous monitoring of your credit reports from the major credit bureaus (Equifax, Experian, and TransUnion) for any suspicious activity or unauthorized changes.
- Identity Theft Alerts: Prompt notifications about any unusual activities detected on your credit reports, such as new accounts opened in your name, changes in credit inquiries, or address changes.
- Credit Score Monitoring: Regular updates on your FICO credit scores, providing insights into your creditworthiness and helping you detect any sudden drops that could indicate potential fraud.
- Dark Web Monitoring: Monitoring of the dark web for any signs of your personal information being bought, sold, or traded illegally, which could indicate that your identity has been compromised.
- Identity Theft Resolution Services: Assistance in resolving identity theft issues, including guidance on steps to take to recover your identity and assistance with contacting relevant authorities and institutions.
- Lost Wallet Protection: Help in canceling and replacing your credit cards, driver’s license, and other important documents in case your wallet is lost or stolen.
- Identity Theft Insurance: Some plans may include identity theft insurance coverage to help reimburse you for certain expenses incurred as a result of identity theft, such as legal fees or lost wages.
- Fraudulent Transaction Monitoring: Monitoring of your financial accounts for any suspicious transactions that could indicate fraudulent activity, providing an additional layer of protection against unauthorized charges.
Overall, myFICO Identity Protection aims to provide peace of mind by offering proactive monitoring and assistance in the event of identity theft or fraud, helping you safeguard your personal and financial information more effectively.