Re: Score watch updating?
10-30-2012 10:23 AM
I'm confused after reading this sticky - http://ficoforums.myfico.com/t5/myFICO-Product-Fee
"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?