Credit Cards Center Credit cards from our partners
Reply
Established Member
Posts: 18
Registered: ‎10-04-2012
0

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: 6/16
EX 544
EQ 548
TU 577



Valued Contributor
Posts: 1,228
Registered: ‎05-10-2012
0

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 706, TU FICO 701, EX FICO 706 | Starting Score: 525 (05/2012)
  • Starting total revolving credit: $1100 | Current total revolving credit: $36,700
  • Inquiries (12 Months): EQ 2 TU 1 EX 1 | Most Recent: 1/21/2014
Chase Freedom $9500
DCU Visa $10000
Capital One QS $2000
AMEX BCE $3000
Lowe's CC $8500
WalMart CC $3100
BOA Platinum $600
AMEX Gold NPSL
Highlighted
Valued Contributor
Posts: 1,228
Registered: ‎05-10-2012
0

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 706, TU FICO 701, EX FICO 706 | Starting Score: 525 (05/2012)
  • Starting total revolving credit: $1100 | Current total revolving credit: $36,700
  • Inquiries (12 Months): EQ 2 TU 1 EX 1 | Most Recent: 1/21/2014
Chase Freedom $9500
DCU Visa $10000
Capital One QS $2000
AMEX BCE $3000
Lowe's CC $8500
WalMart CC $3100
BOA Platinum $600
AMEX Gold NPSL
Established Member
Posts: 18
Registered: ‎10-04-2012
0

Re: Score watch updating?

thanks!

Starting Myfico Scores: 6/16
EX 544
EQ 548
TU 577



Established Contributor
Posts: 588
Registered: ‎07-20-2008
0

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?

Sigh. Starting over...Chap7 discharge 7/29/15
Myfico.com scores as of 11/19: tr535/eq574/ex579
Moderator Emeritus
Posts: 32,863
Registered: ‎08-04-2007
0

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
Posts: 588
Registered: ‎07-20-2008
0

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.

Sigh. Starting over...Chap7 discharge 7/29/15
Myfico.com scores as of 11/19: tr535/eq574/ex579

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

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 internal myFICO analysis of 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. These ranges were not provided by any card issuer.

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.