05-03-2007 08:46 AM
05-05-2007 05:13 PM
05-10-2007 01:35 AM
05-10-2007 04:19 AM
05-10-2007 05:33 AM
NancyB wrote:So the score will change, and I will be notified, only when a credit report is requested by someone? If my balances go down and payments are timely that doesn't "count" unless someone asks. Which is OK but I just want to understand it.Nancy
05-10-2007 08:31 AM
Your report and score matter on only a handful of days in your lifetime: the day you apply for a mortgage, refi, credit card, some jobs, auto insurance, car loan, etc. That's why frequent monitoring -- unless you are concerned about identify theft -- is pointless (pun intended).
NancyB wrote:So the score will change, and I will be notified, only when a credit report is requested by someone? If my balances go down and payments are timely that doesn't "count" unless someone asks. Which is OK but I just want to understand it.NancyYou will be notified if you subscribe to a credit monitoring service like ScoreWatch. Just remember, ScoreWatch only monitors your EQ FICO and report. There is no FICO monitoring service for EX or TU.If you think about it, does anything really matter on your report unless someone asks.
05-10-2007 10:21 AM
SW, TC and other monitoring services don't monitor your score. They monitor your reports and send you alerts which may or may not significantly and adversely affect your score.
Knowing your score on a day to day basis isn't all that important, even when you're househunting.
Knowing what is or is not on your reports is very important. It is for this reason, and others, that I use TC.
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