Established Member
Ms_Pooka
Posts: 16
Registered: ‎10-04-2012
Score watch updating?

good morning from the west coast! Quick question about scorewatch. It has the score up from the 10th, today is the 15th. In that time I have had payments post to bring down my utilization and my new card with the highest balance also had  a statement cut. however score watch only gave me the option to "Buy today's score"? does it not automatically update? and if so, how often have you guys seen it update itself? I thought that was the whole pointof me paying for the service...

Starting Myfico Scores: 574/571 (9/2012)
Current MyFico Score: 625 (10/22/2012)
Goal: 640 mid score for home purchase by October 2013

App free since 10/23/2012




In the garden until 9/2013!
Credit 1 $300/ Cap1 $500/ Cap 1 Rewards $1000


Valued Contributor
Jutz
Posts: 1,216
Registered: ‎05-10-2012
Re: Score watch updating?

SW won't release a full report to you, however it will give you alerts based on the information you give it.  There are plenty of tips on how to best use it, i believe in a sticky even, however the basic idea is that SW will alert you of changes to your EQ report in several areas, including unexpected balance changes, new accounts, new inquiries, etc.  If your main reason it to track your score, the best practice is to change your alert for Scores.  Make your goal score equal to your current score, so that no matter the change, it alerts you.

  • Current: EQ FICO 694, TU FICO 695, EX FICO 698 | Starting Score: 525 (05/2012)
  • Starting total revolving credit: $1100 | Current total revolving credit: $29,500
  • Inquiries (12 Months): EQ 6 TU 3 EX 6 | Most Recent: 1/21/2014
Chase Freedom $5000
DCU Visa $10000
Capital One QS $2000
AMEX BCE $1000
Lowe's CC $8500
WalMart CC $2400
BOA Platinum $600
AMEX Gold NPSL
Valued Contributor
Jutz
Posts: 1,216
Registered: ‎05-10-2012
Re: Score watch updating?

Hah.  Found it.  This should prove helpful: http://ficoforums.myfico.com/t5/myFICO-Product-Feedback/Score-Watch-Guide/m-p/603543?jump=true

 

  • Current: EQ FICO 694, TU FICO 695, EX FICO 698 | Starting Score: 525 (05/2012)
  • Starting total revolving credit: $1100 | Current total revolving credit: $29,500
  • Inquiries (12 Months): EQ 6 TU 3 EX 6 | Most Recent: 1/21/2014
Chase Freedom $5000
DCU Visa $10000
Capital One QS $2000
AMEX BCE $1000
Lowe's CC $8500
WalMart CC $2400
BOA Platinum $600
AMEX Gold NPSL
Established Member
Ms_Pooka
Posts: 16
Registered: ‎10-04-2012
Re: Score watch updating?

thanks!

Starting Myfico Scores: 574/571 (9/2012)
Current MyFico Score: 625 (10/22/2012)
Goal: 640 mid score for home purchase by October 2013

App free since 10/23/2012




In the garden until 9/2013!
Credit 1 $300/ Cap1 $500/ Cap 1 Rewards $1000


Established Contributor
westo12
Posts: 584
Registered: ‎07-20-2008
Re: Score watch updating?

I'm confused after reading this sticky - http://ficoforums.myfico.com/t5/myFICO-Product-Feedback/Score-Watch-Guide/m-p/603543?jump=true

 

"Equifax reports are checked daily for Credit Alert changes to the credit report." 

 

Isn't a balance decrease a "change to the credit report"?  Isn't the removal of an item a "change to the credit report"? Or is a change to a credit report defined as only new accounts, new inquiries?

2014 Starting-618, current TU621 (TU 10/20) / Ending Goal score: 720 / 29 Positive TLs / 1 Negative: Unpaid $312 med CA placed 2010 / reported Install Bal/Lim: 25027/36512 | reported Revolving Bal/Lim: 11491/26482=43%util

**IN the garden until I get some auto CLI's on major accts**
Moderator Emeritus
llecs
Posts: 32,881
Registered: ‎08-04-2007
Re: Score watch updating?

westo12 wrote:

I'm confused after reading this sticky - http://ficoforums.myfico.com/t5/myFICO-Product-Feedback/Score-Watch-Guide/m-p/603543?jump=true

 

"Equifax reports are checked daily for Credit Alert changes to the credit report." 

 

Isn't a balance decrease a "change to the credit report"?  Isn't the removal of an item a "change to the credit report"? Or is a change to a credit report defined as only new accounts, new inquiries?


If you scroll down from that quote it shows a dozen or so items that trigger credit alerts. Balance decreases aren't one of those and I don't know why, but it never was advertised that a balance decrease would trigger an alert. For dropped items, no CMS anywhere in the world will alert you to dropped accounts or dropped baddies. Not sure why. Mechanics?

Established Contributor
westo12
Posts: 584
Registered: ‎07-20-2008
Re: Score watch updating?

I did read down, which is where the confusion came from.  The more I read, the more in circles I feel like I'm going.  I have had 2 new accounts added and a change of address in the last 3 weeks and no alert.  I have the score settings set to match my current score, have my balance increase set to 5%, not sure what else to do to actually get an alert out of SW.

2014 Starting-618, current TU621 (TU 10/20) / Ending Goal score: 720 / 29 Positive TLs / 1 Negative: Unpaid $312 med CA placed 2010 / reported Install Bal/Lim: 25027/36512 | reported Revolving Bal/Lim: 11491/26482=43%util

**IN the garden until I get some auto CLI's on major accts**