How often does the regular scorewatch (Equifax score) update?

[Anonymous]

So how often does your scorewatch update? I set it just now to the most-paranoid level of settings (alert if there is any change, my goal score is one point above my current score.) That number will update as things change, and I don't need to buy a power report or an Equifax score to see the change, right? Also, is the number that updates actually from Equifax or just an estimate? Any info would be greatly appreciated.

[Anonymous]

MFSW gives you a true EQ FICO score. It only updates when something changes. Scores are snapshots. Credit reports are the motion picture. See the movie.

[Anonymous]

Why is it that I do the score watch, assuming the score its providing me is my true score, then when I go to purchase a new score, its jumped 40 points?

[Madison]

ScoreWatch never alerted me to an increase in my FICO score. I only found out after I applied for my second free credit report did it show that my credit scored jumped up 7 points. I am leary about buying a ScoreWatch product if it does alert me to changes in my FICO score...What is the deal with that?

[Dawn]

I was baffled as well, until I ran across the ScoreWatch Alert guide under the support tab.  Barry has a sticky to this at the top of the forum posts. 

http://ficoforums.myfico.com/fico/board/message?board.id=myficoprod&thread.id=373

It furnishes the following explanation for the sleeping giant :

• Equifax FICO scores are monitored for changes in two ways:

1.       If a Credit Alert is triggered, the latest score is always shown on that alert.

2.       When no Credit Alerts are triggered, the scores are monitored every 7-10 days for changes.

[Anonymous]

I spoke to someone in customer service today since my score hadn't been updated since 9/26. I didn't even have the message in the history that there had been no changes.

She said that I had to have all of the alert triggers on in order for it to work properly.

If you aren't getting updates every 7-10 days like MyFICO indicates, you may want to check your settings.

[haulingthescoreup]

This is completely weird, but set your target score to where it is right now. That makes absolutely no sense whatsoever to me, but that's what I've been told by customer service and by others as well.

[My_dog_FICO]

That 'may' work.  I set mine to notify me when:

Send an alert... On for all of these

     Whenever there is any change to my FICO® score

     Whenever your FICO® score of 573 reaches a target score of  573

     Whenever one of your accounts has a balance increase larger than 5%

     Whenever one of your accounts has a balance increase larger than $ 150

     Whenever one of your accounts shows new activity after being inactive for more than 3

And it took 16 days between my last full CR pull and my last SW alert.  (so much for the "no change" message that we're suppose to get every 10 days)