Re: Quarterly monitoring seems useless to me now
10-09-2012 07:06 AM
quarterly monitoring has been suspect for me when it reported a TransUnion FICO of 731 but a week later I got a denail of credit based on a ... wait for it ... 671 TransUnion FICO . So that quarterly report was pretty much worthless.
I probably am done with quarterly when my current subscription runs out. Will then get my free credit reports each year. At this point (rebuilding credit from a bad streak in 2007-08), my credit is shored up to the point that quarterly reporting -- even if it's reliable, which based on my experience above, I don't believe it to be -- doesn't really add value.
I do use Credit Karma, and it seems much more sensitive to underlying factors that the monitoring service. For instance, when my studnet loans were sold to another servicer, CK picked that up pretty much immediately, showing an immediate credi jump. When a 2-yr hard inquiry aged off, CK reported that within a couple of days, again with the bump.
Starting Score: 653 (11/1/2011 TransUnion)
Current Score: 719 (5/3/2012 TransUnion) 572 (3/21/2012 Equifax) 762 (4/14/12 VantageScore)
Goal Score: 700
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