Need to monitor reports and score -- MyFico 1B or 3B?

[kaybean22]

I've been monitoring my - ahem - FAKO scores with a Transunion membership. I'm ready to switch over to my myFico, but want to make sure I'm able to get regular credit report updates. I'm confused about the 1b and 3b options -- looks like with the 1B i'll get monthly updates but with 3B I only get updates to my credit report every 3 months? I'm in serious rebuilding mode so I need to see things update as instantaneously as possible. What's the best option?

[Riemi87]

kaybean22

I had the 1b report for awhile and it just reports the one credit report every month and it updates your score any time an alert comes through. An alert triggers based on settings that YOU set such as when a score is achieved or balances increase on an account.

I now have the 3b report and you get all reports quarterly and the credit score reporting works the same as the 1b.

Basically the differences are in the number and frequency of your reports. The scores all report the same way.

I hope this helped! Good luck!

[NRB525]

With the 3B reports, it now provides a "complete report" every 3 months, but that's not the main information tool you get with it.

There are daily alerts for changes in your file. If you don't have a lot of accounts, it only sends you an alert as those few accounts get updated, as they report balance changes typically. INQ are displayed, updates to the type of account are displayed usually.

However, if you are like me with 20+ accounts with balances, then it is a constant stream of alerts as all those accounts update throughout the month. Thankfully EX does not report every change, EQ does, TU tends to keep up every couple of days. The bottom line is, you will get score updates frequently with the 3B option. I can't speak to the 1B, because I never used that one.