Equifax has launched a new product called Core Credit, this product enables users to receive a free Equifax credit report and VantageScore 3.0 with both of these being updated monthly. Core Credit is available through myEquifax. myEquifax users need to opt into Core Credit to get the free score and credit report. myEquifax also lets users:
- Manage a security freeze and fraud alerts
- File a dispute
I can personally see a reason to have a myEquifax account (useful for freezing and unfreezing) but if you’re strictly after credit monitoring then I think there is a better solution. In terms of credit scoring, it’s better to stick with a FICO score as they are more commonly used by lenders than the VantageScore 3.0 but keep in mind there are a lot of different variations of the FICO score.