A million dollars? But when we started adding up all the things somebody could buy with our identities-and all the processes we’d have to go through to undo it all-it actually didn’t seem too silly to splurge for the million dollars. At first we thought this was overdoing it a little. With the Plus plan, the maximum is $500,000, while the Premium Plan doubles to $1 million, again, typical for identity theft protection across the industry. We found another big disparity in the identity theft insurance maximum reimbursements. That’s a major point for Premium because it’s important to understand credit scores from all of the bureaus you never know which one a lender or landlord might look at! At first we weren’t sure if this was worth the extra cost, but Premium members also receive quarterly FICO score updates based on scores from all three credit bureaus, in case the daily updates from Experian weren’t enough. How much more could we really get for $10? Well, here’s what we learned: Experian DashboardĪ huge difference between the two plans is that the Premium plan monitors credit from all three credit bureaus (Experian, Equifax, and TransUnion), while the Plus plan only monitors credit from Experian. But there’s a $10 difference between Plus and Premium plans at every level, so we wanted to make sure we break down exactly what the difference between the two is-since our instinct would immediately say to just go with the basic (hey, we’re not made of money!). That’s a lot of coverage that makes us think our identities will be pretty safe. Over 90% of the most commonly used lenders use FICO scores when making loan decisions, so if we’re ever going to get a mortgage for a fancy Brooklyn brownstone, our FICO scores are key. 2 A three-digit number, your FICO score can affect the size, length, and interest rates of the loans you receive. The More You Know: FICO is a type of credit score that lenders use frequently to figure out how likely customers are to repay a loan. We understand this might not be the type of clingy relationship everybody might want to have with their FICO score, but if you’re trying to improve your score or build credit toward a specific goal like buying a house, these daily alerts can provide all the motivation you need.
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