Reply
Established Member
Posts: 50
Registered: ‎11-06-2012
0

EQ Scorewatch Accuracy

I have read that EQ Scorewatch should be set at whatever your current fico reads, so that when it goes above that, you will get that alert.  Well I've done that and it works so far, but I am wondering how well:

 

This last time, myfico was 613 so I set it to alert me at 614, off by 1 point.  I just had 4 old accounts go positive and it sent me an alert that my threshold had been met, my score is now 614.  

 

These were my oldest accounts, I can't believe by 4 of them going positive I only gained a point.  Also taking into the fact that TU has 2 recent inquiries, and EX has 6 - those are both in the 640's (see my siggy) and EQ has 0!  Is scorewatch designed to just show you that you are meeting your threshold, or if you surpass it greatly will it tell you that?

 

I.e. if these 4 accounts going positive really made my EQ fico 650 just for sake of argument - because I have it set at 614, will it only show me 614 and not the 650 it actually is because I do not have it set that high?

 

I just can't understand why EQ is lagging behind with all the same data.

 

Bottom line - if I set myfico to my current score to watch for decreases and increases, and I get a 100 point increase will it tell me that?  Or just sit at my current score because I did not get a decrease?

 

Thank you

Filed BK 7: 2/28/2012 | Discharged: 7/24/2012
POST BK APPROVALS:
NFCU nRewards Secured Visa: $1000 7/12| Apple FCU Secured Visa: $1000 9/12
Toyota Finance Lease: 0% | 0.0008 MF 10/12
Barclay Apple Finance Visa: $2200 1/13
NFCU cashRewards Visa: $2500 3/13

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.