cancel
Showing results for 
Search instead for 
Did you mean: 

scorewatch

Moderator Emeritus

Re: scorewatch



ilovepizza wrote:


MidnightVoice wrote:


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


Yes. Smiley Very Happy
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



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.

Yep. There is a different formula for each CRA. Another reason why scores differ.
Message 31 of 45
Senior Contributor

Re: scorewatch

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.
Message 32 of 45
Senior Contributor

Re: scorewatch

Sorry the previous answer was to pizza re: EQ or FICO SW.
Message 33 of 45
Established Contributor

Re: scorewatch

Does anyone know how often scorewatch fico is updated?
9/18/08 TU=707 EQ=706 EX=702
Message 34 of 45
Super Contributor

Re: scorewatch

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
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Message 35 of 45
Senior Contributor

Re: scorewatch


so_confused wrote:
Does anyone know how often scorewatch fico is updated?

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

Message Edited by ilovepizza on 06-24-2007 11:50 AM
If we never set higher goals we would never get as far.
sol, credit 101, acr, abbreviations, calc
Message 36 of 45
Senior Contributor

Re: scorewatch

I got four alerts on EQ SW this week.
Message 37 of 45
Moderator Emeritus

Re: scorewatch

3 for me this week after a 1 month drought.

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


Message 38 of 45
Senior Contributor

Re: scorewatch

Did you get 3 and 4 alerts on separate days? Or all 3-4 on 1 day?
If we never set higher goals we would never get as far.
sol, credit 101, acr, abbreviations, calc
Message 39 of 45
Moderator Emeritus

Re: scorewatch

3 separate days. 20th 21st and 22nd.
Up, up down receptively,
Message 40 of 45