Re: FICO Monitoring Deficiency
11-26-2012 03:56 PM
Thank you for your direction. As I stated, I have had this service for 5+ years and interpreted the following product information (edited for brevity) as real time:
"Protect your identity
Daily monitoring of 400 data sources for new information tied to your identity:
- Newly opened accounts and recent applications for new credit"
I didn't realize the long delay between the occurrence and the reporting. The folks at MyFICO noted this is an issue. I'll likely keep my subscription BUT I had a false sense of security before I learned these facts.