Posted by William Charles on August 28, 2019
Credit Scores

Published on August 28th, 2019 | by William Charles

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Equifax Launches Core Credit – Free Equifax Credit Report & VantageScore 3.0 Updated Monthly

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.



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Mark
Mark

I can’t wait to entrust Equifax with more of my personal information!

Dubya
Dubya

What more personal information would you be giving them exactly? They have your SS number, DOB all your addresses, emails and phone numbers and every single tiny detail about any credit or loan product you have. The only thing they don’t have is your banking info and they don’t need that for this product. I know it sounded cool in your head…

Ben
Ben

What they don’t have (yet) is your permission to have any of the stuff they do already have.

Mike L
Mike L

Giving any information voluntarily to Equifax doesn’t seem like a good idea.

G
G

Are you serious? They know you better than yourself already. Here is just a sign-ups for delivering some information from them to you

Creek
Creek

So it’s basically just Credit Karma without TransUnion.

TomT
TomT

I created a new myEquifax account, but I did not see any mention of the Core product. Also, I already had a phone app called “Lock & Alert” that allows you to lock (not freeze) your Equifax credit report.

David
David

Seems ironic that Equifax is rolling more “protection services” right after a data breach.

Nonetheless, note that MasterCard offers credit monitoring for any of its card members: https://mastercardidps.idprotectiononline.com/enrollment/embedded.html. On the credit side, they source TransUnion but also covers other identity bits like stolen passwords, credit cards, ID/SSN, etc. It covers a bit more than CreditKarma does on the non-credit side so it’s a great complement.

Ashley
Ashley

Core Credit: Credit protection brought to you by the guys who already lost it!

Mike
Mike

Is it worth it to sign with Master Card Free service

Jimbo
Jimbo

I still want my $125.00 !!!

El Guapo
El Guapo

I plan to use this to monitor the damage caused by the Equifax breach!

Charlie
Charlie

Is the free credit report limited to once a year, or can you get it more often?

Dubya
Dubya

Monthly

Parts Unknown

It’s so free to use that they’ll even let other people get access to your data

Eli
Eli

So where is the link?

Ultimate Arsehole
Ultimate Arsehole

I don’t see the point of signing up for this. Whenever I want a copy of the data Equifax have on me, I just log onto the Dark Web and retrieve it from there.

Foranzer
Foranzer

Cant wait for them to not send me my stuff after i was breached…

Madeline Alright
Madeline Alright

This is great news!

Love this company.

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