01-25-2012 12:10 PM
The site no longer says it's in Beta mode
I won't be able to sign up until the beginning of February, so if any of you do, please be so kind as to report any feedback about the site here.
01-25-2012 01:48 PM
I just checked out this site and it looks like it is up and running now. However, I am still "thinking" about that one time set up charge.
01-25-2012 02:34 PM
Most of us are 'Thinking' about that steep set up charge. Maybe more people will be able to afford since it's tax season...(fingers crossed)
01-25-2012 05:20 PM
I think the one-time setup is a bit steep and then on top of that the monthly fee. I'll wait and see if they become a little more reasonable in the future before I sign up. I want to make less debt, not more. I think they are building in a considerable profit margin mainly because there is no other site that provides this depth of information. There will be in the future though; it's just they got there first; as a matter of fact, I'll bet someone else is probably working on building something similar. It just takes good ole competition to bring prices in-line.
01-25-2012 05:42 PM
Their hard cost is $6 for each FICO report so that is $18 for all three. If you sign up for the monthly, then they are making $6.95 GROSS profit on you per month. Then they are paying CC discount fees, rent, payroll, equipment, server and hosting fees. Not a big profit unless they get a bunch of customers. Most of the world is falling for the FAKO nonsense and will think this expensive.
I think this explains why they want the setup fee.
01-25-2012 06:29 PM
I'm interested to know if anyone has signed up yet...I think its well worth the money if it does what it says it does. My question is this....when it pulls your report, is it all 3 reports??
01-25-2012 06:42 PM - edited 01-25-2012 06:44 PM
I seriously don't see what the problem is with the price and why I keep hearing the, "I'm trying to get out of debt" banter. This sounds like it is going to be a great product and it offers what no other Fico supplier does. They have a right to ask what they want and it seems reasonable to me when there are probably millions of us paying a lot more for a lot less. This service offers an 'Analyzer', 'Tracker' and a customized 'Planner'. If I'm not mistaken...nothing like this exist. They are pioneering this product so they should ask for top dollar. I certainly would. My DH is a Programmer for a hedge fund company and let me tell you...when you are dealing with complex numbers and calculations, it takes great skill which comes at a price. The team developing the 'mycreditplan' website are nothing short of a geniuses IMO and I'm positive their rates aren't cheap.
I see the value in this service. If someone doesn't, then they shouldn't and probably won't get it. We all have a choice...
01-25-2012 06:46 PM
whodatnation2...yes, they give you all 3 Fico scores. That's why it's a big deal.
01-25-2012 06:49 PM - edited 01-25-2012 06:49 PM
So if I get the plan with one pull a month, they will pull all 3 reports and I get all 3 scores?? Also, do they track and analyze each individual pull??
01-25-2012 06:57 PM
whodatnation2...I am in no way the expert but from my own understanding, you will get your report and all three FICO scores each month with the monthly plan. Because it says:
Includes: All 3 FICO Credit Scores, Score Tracker,Score Analyzer and Score Planner. If they're not going to give that to you fresh every month...there would be no reason to pay the monthly costs.
As far as if they track, analyze and plan each pull...I would just say...if they don't, that would not make sense. So, I'm going to say yes. If it turns out they don't...that would be sorta dumb IMO, LOL!
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO