@blondy250 wrote:I wouldn't pay for any score monitoring, but you can use CK and CS to monitor inquiries and see if there any negatives, just ignore there scores. I would pull your Equifax 04 score from the Equifax site and look for the "scorepower" product thats your real EQ04 fico thats used by mortgage lenders.
+1, this is what I would do if I were interested in a mortgage; though first things first: I'd go pull all of my reports from annualcreditreports.com and see what's what: this is one area where accuracy counts more than scores, get them and fine tooth comb them to see if there's anything which needs correcting now if you haven't done so already.
The only real mortgage score benchmarks we have are the Equifax Score Power (EQ Beacon 5.0) DCU's monthly score (likewise EQ Beacon 5.0) and PSECU's scores (EX Risk Model v2): and you don't want to be opening up new accounts in the runup to a mortgage if at all avoidable, and as such the Score Power product is your best bet.
@rootpooty wrote:
@Revelate wrote:
@blondy250 wrote:I wouldn't pay for any score monitoring, but you can use CK and CS to monitor inquiries and see if there any negatives, just ignore there scores. I would pull your Equifax 04 score from the Equifax site and look for the "scorepower" product thats your real EQ04 fico thats used by mortgage lenders.
+1, this is what I would do if I were interested in a mortgage; though first things first: I'd go pull all of my reports from annualcreditreports.com and see what's what: this is one area where accuracy counts more than scores, get them and fine tooth comb them to see if there's anything which needs correcting now if you haven't done so already.
The only real mortgage score benchmarks we have are the Equifax Score Power (EQ Beacon 5.0) DCU's monthly score (likewise EQ Beacon 5.0) and PSECU's scores (EX Risk Model v2): and you don't want to be opening up new accounts in the runup to a mortgage if at all avoidable, and as such the Score Power product is your best bet.
So i shouldnt purchase score watch from equifax from this site?
For a mortgage specifically, you'd be disappointed.
SW is a good product for what it does, the problem is the score is now FICO 8, and that's not used by virtually any mortgage lender currently (oh how I wish that they were though!).
What in particular are you looking for in a solution? Personally for a mortgage I'd focus on the report data and ignore the score until I was as clean as possible, then I'd go check EQ's Score Power to see where I was at... or maybe you should do that first to know if you are even in the ballpark for what you need (I have a DCU account so that didn't occur to me.)
Both CK and CS are pretty spot-on for monitoring, and CK now is pure win for TU credit reports now too with their recent beta. EQ is the ugly duckling, Quizzle updates obnoxiously infrequently. If you really, really want a monitoring solution for EQ, for a mortgage specifically, Equifax has a Scorewatch product too which I think is still on the Beacon 5.0 version which is an incredibly common score for a mortgage. Or you can opt for one of the daily / weekly pullers like EIDT or MPM and go from there, I just go with the cheaper routes personally but I know what's up on my report as a general rule.
@rootpooty wrote:
@Revelate wrote:
@rootpooty wrote:
@Revelate wrote:
@blondy250 wrote:I wouldn't pay for any score monitoring, but you can use CK and CS to monitor inquiries and see if there any negatives, just ignore there scores. I would pull your Equifax 04 score from the Equifax site and look for the "scorepower" product thats your real EQ04 fico thats used by mortgage lenders.
+1, this is what I would do if I were interested in a mortgage; though first things first: I'd go pull all of my reports from annualcreditreports.com and see what's what: this is one area where accuracy counts more than scores, get them and fine tooth comb them to see if there's anything which needs correcting now if you haven't done so already.
The only real mortgage score benchmarks we have are the Equifax Score Power (EQ Beacon 5.0) DCU's monthly score (likewise EQ Beacon 5.0) and PSECU's scores (EX Risk Model v2): and you don't want to be opening up new accounts in the runup to a mortgage if at all avoidable, and as such the Score Power product is your best bet.
So i shouldnt purchase score watch from equifax from this site?
For a mortgage specifically, you'd be disappointed.
SW is a good product for what it does, the problem is the score is now FICO 8, and that's not used by virtually any mortgage lender currently (oh how I wish that they were though!).
What in particular are you looking for in a solution? Personally for a mortgage I'd focus on the report data and ignore the score until I was as clean as possible, then I'd go check EQ's Score Power to see where I was at... or maybe you should do that first to know if you are even in the ballpark for what you need (I have a DCU account so that didn't occur to me.)
Both CK and CS are pretty spot-on for monitoring, and CK now is pure win for TU credit reports now too with their recent beta. EQ is the ugly duckling, Quizzle updates obnoxiously infrequently. If you really, really want a monitoring solution for EQ, for a mortgage specifically, Equifax has a Scorewatch product too which I think is still on the Beacon 5.0 version which is an incredibly common score for a mortgage. Or you can opt for one of the daily / weekly pullers like EIDT or MPM and go from there, I just go with the cheaper routes personally but I know what's up on my report as a general rule.
the score watch sold on this site doesnt provide eq score beacon 5.0?
Not anymore, changed 4-5 months ago.
Not really a frequent check, but Quiz is a good EQ pull every six months free too. I'm guessing it's the same as EQ from here because it is about identical (just pulled it).
@rootpooty wrote:Main reason I want to watch scores is to see where I stand for the next 3 mos. Going through home loan process right now and hope to be or still be in the 750 in the next 3 mos so I can app for some new accounts. For the past year I have carried high balances on all my CC accounts so right now I would like to pay close attention to everything
On the assumption your balances are being reported to all 3 bureaus (which is entirely likely based on your siggy) monitoring any one of the three is sufficient in this case.
There's something to be said for watching each bureau as JDB's and whatever come out of the woodwork seeing the mortgage inquiries but usually they'll report to all 3 as well. As mentioned, I'd just use CS / CK and spot check EQ Score Power for my benchmark personally, but if you want better than that any of the daily pullers (MPM, EIDT, look at the CMS thread if you desire) would be fine for that.
As for monitoring a mortgage score, Equifax Score Watch is really the only available option (assuming they are still on Beacon 5, last I heard they were) without opening up new accounts, which you absolutely want to avoid.