There are five distinct differences:
Disclose your Classic FICO® Credit Scores - Used by all mortgage lenders and most credit card and auto lenders.
Provides a 360° Analysis – Most analysis only looks at a handful of factors. The Analyzer reviews dozens of Credit Score factors for your review.
Power Scores Planner – Reviews and provides a step-by-step action plan for each account in your credit report from a proprietary FICO score improvement program.
Know Your Standing with Lenders – Since My Credit Plan has the same FICO® Credit
Scores used by most lenders, My Credit Plan provides your loan qualifications.
(For educational purposes only and does not guarantee loan approval).
Update Your FICO Scores – Depending on your program, your scores will be updated
monthly, bi-monthly or quarterly.
My Credit Plan is a solution-base program. It identifies issues in your credit report that are lowering your FICO credit scores, such as certain accounts or lenders. It then provides potential solutions to make a course correction and improve your scores.
Credit repair companies simply send disputes to the three major credit bureaus in an effort to try to remove late payments, collections, and judgments from your credit report. There is no real plan-of-action other than to send countless disputes, most times, in an unsuccessful effort.
Many lenders use a program called CreditXpert® (aka: Credit Assure®). It is very limited in scope. It only looks to reduce some debt in an effort to improve credit scores. Creditxpert has claimed to improve score 27 points. My Credit Plan provides a 360-degree analysis and solutions and has an improvement over 50 points.