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Is myfico score watch accurate?

Valued Member

Is myfico score watch accurate?

On 11/30 I pulled my EQ score and it was 515, on 12/21 EQ showed 547, and today 12/26 it showed it is now at 591. How did my score go up so much in a months time. Is this really accurate? Is it accurate to a lenders score?
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4 REPLIES
Valued Contributor

Re: Is myfico score watch accurate?

It is an accurate Equifax FICO. Your score can change due to many factors, but the most common reason for frequent changes in a short period of time are updated balances on revolving accounts (credit cards)... this changes your credit utilization and is a major significant factor in a FICO scoring.

 

ETA: Its hard to know for sure, though, without also regularly pulling your credit reports and making note of the changes.

EX:694 TU:744 EQ:777
Amex ED $19.5k - BoA Travel Rewards $15k - CSP $5k - SDFCU EMV $15k - NFCU goRewards $20k - Barclays Arrival $6.5k
Message 2 of 5
Valued Member

Re: Is myfico score watch accurate?

Thank you for your reply

Message 3 of 5
Valued Contributor

Re: Is myfico score watch accurate?

Credit Karma and Credit Sesame are good for watching for changes to your credit report, the scores are bogus but they show card balances, INQ count and UTL, there AAoA is calcualted differently but they allow you to watch for changes on your report, Credit Karma does weekly updates,  and Credit sesame offers monitoring so you can watch as cards update for the month. Both are free no reason to pay $15 a report to watch for updates, or get a credit monitoring program that charges but also allows you to do daily full credit reports I am unaware of any free service that allows daily reports any more :-(

 

 

 

Cards: Chase Southwest 20k & CSR 10k & CSP 10k & Freedom 6.6k & Amtrak/Freedom 4.6k, FNBO DISC 25.1k Oregon Duck 5k, & AMEX BCP 15k & Hilton Surpass 7.5k & Delta Gold 6k & Zync NPSL, Fidelity AMEX 17k Commerce5.9k & Cash Forward 7.5k & Sams Club MC 10k, Paypal Extras MC 7.5k, CapOne Venture 15k, QS 2.5k, QS 750, Amazon 5.9k, Walmart 10k, Citi Simplicity 9k, Discover IT 16k and a nice stack of store cards.
Last APP/HP 5/15/2017 Marcus Loan. 30k
Message 4 of 5
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Community Leader
Super Contributor

Re: Is myfico score watch accurate?


jamesdwi wrote:

Credit Karma and Credit Sesame are good for watching for changes to your credit report, the scores are bogus but they show card balances, INQ count and UTL, there AAoA is calcualted differently but they allow you to watch for changes on your report, Credit Karma does weekly updates,  and Credit sesame offers monitoring so you can watch as cards update for the month. Both are free no reason to pay $15 a report to watch for updates, or get a credit monitoring program that charges but also allows you to do daily full credit reports I am unaware of any free service that allows daily reports any more :-(

 

 

 


Usaa and eliminateI Id theft does daily pulls 

Message 5 of 5