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Ok so I signed up for Score Watch® today. For those of you using it, how many points above my actual score should I set the Target Score at to maximize this product?
Thank you in advance!
@JohnPTEX wrote:Ok so I signed up for Score Watch® today. For those of you using it, how many points above my actual score should I set the Target Score at to maximize this product?
Thank you in advance!
Its really up to you. As of late what I have been doing is after every SW alert I set the target to alert me 1 point above my score. For instance if your score is 650 i would set it to 651.
Zero.
Always set it for your current score.
Set it to your current score. If your score moves up (or down), you'll get an alert.
@GregB wrote:Zero.
Always set it for your current score.
+1
This way, if your score changes up OR down you will get an alert.
Thanks everyone! It's now set so let the fun begin!!
Also be sure to memorize the Score Watch Guide:
http://ficoforums.myfico.com/t5/myFICO-Product-Feedback/Score-Watch-Guide/td-p/603543
I've seen a lot of posts lately of posters saying it isn't working for them. In some cases they didn't understand the product and limitations of SW. Some of the common misconceptions is the SW monitors the score daily, that it'll alert for dropped accounts or balances, or that credit alerts are supposed to be within minutes/hours of the changing event, none of which are true. Ditto to everyone else. Set the score to EXACTLY match your last score and once the score changes, ALWAYS reset the target score immediately after receiving the alert. I think it's a great product and never had any qualms after 4+ years.