scorewatch

[Tuscani]

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@Anonymous wrote:

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@MidnightVoice wrote:

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@Anonymous wrote:

can I expect my true fico's from TU & EX to be higher or lower generally?

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Yes.

In theory they should be similar, but the FICO from eash CRA uses a slightly different formula, some companies report to one and not the other, some of them update faster than others etc, etc.

For example, on a day last week, my EX was 61 points lower than my EQ which was 42 points lower than my TU. That is a 102 point range

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Oh wow!! I learn something new ever day. The FICO is slightly different for each CRA? Or each CRA reports the data different to the FICO scoreing system. Either way, I had no idea. I thought FICO was calculated the same way for each model. Now I am confused. Please confirm I understand this correctly. I don't believe I have any room to take advantage of the differences in relation to score do I? I just only figured out EQ.

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Yep. There is a different formula for each CRA. Another reason why scores differ.

[smallfry]

EQ is faster to update. Cheaper. FICO is nicer to look at. Tell you the truth if you don't have a lot of new stuff posting and don't need to follow along every day it would be best just to get your EQ report from FICO every two months. I pay $6.15 monthly for the EQ SW. I plan on doing that as soon as both FICO and EQ run out. TC does a good enough job of monitoring daily updates to the TL's for me.

[smallfry]

Sorry the previous answer was to pizza re: EQ or FICO SW.

[Anonymous]

Does anyone know how often scorewatch fico is updated?

[MidnightVoice]

Whenever something changes on your CR.  For me, not much usually changes in a month now I have cleaned up as much as I can - I have a small number of cards, not used a great deal.  So in many months, it will be just everything is a month older

[Anonymous]

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@Anonymous wrote:

Does anyone know how often scorewatch fico is updated?

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Weekly for Equifax's version of Score Watch, so they told me.

Message Edited by ilovepizza on 06-24-2007 11:50 AM

[smallfry]

I got four alerts on EQ SW this week.

[Anonymous]

3 for me this week after a 1 month drought.

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smallfry wrote:
I got four alerts on EQ SW this week.

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[Anonymous]

Did you get 3 and 4 alerts on separate days? Or all 3-4 on 1 day?

[Anonymous]

3 separate days. 20th 21st and 22nd.

Up, up down receptively,