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ScoreWatch....Really?!

Regular Contributor

ScoreWatch....Really?!

Just how slow is ScoreWatch?  I've been added as AU on two Chase cards, and have yet to have received an alert on either . One was reported to Equifax on the 18th, the other on the 21st.  I don't think I will be renewing this service when the 3 months are up. New accounts added should signal an alert as soon as they report, otherwise what's the point?     

From 566 in 8/2012 to..

EQ 704 /TU 690 / EX 730

Discover IT 6000, Amex BCE 10000, FNBO Amex 3500, Cap 1 platinum 2000, Walmart Discover 5000, Orchard Bank platinum 3000, Best Buy 5000, Merrick Bank 1600, Target Visa 700
9 REPLIES
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Valued Contributor

Re: ScoreWatch....Really?!

It does seem to be sporadic sometimes. Make sure your SW settings are properly setup.


Starting Score: EQ 551 TU 548 CK 607on 6/8/12, EX 542(AMEX pull 3/4/12)
Current Score: EQ 710 TU 727 EX 704 CK 719(FAKO-EX 697, EQ 697, TU 697)
Goal Score: 750

Take the FICO Fitness Challenge
Regular Contributor

Re: ScoreWatch....Really?!

An account being added is supposed to be an automatic alert regardless.
From 566 in 8/2012 to..

EQ 704 /TU 690 / EX 730

Discover IT 6000, Amex BCE 10000, FNBO Amex 3500, Cap 1 platinum 2000, Walmart Discover 5000, Orchard Bank platinum 3000, Best Buy 5000, Merrick Bank 1600, Target Visa 700
Contributor

Re: ScoreWatch....Really?!

How often do I get a new report? My score has changes 2 times in the last few weeks, but no new report.

Regular Contributor

Re: ScoreWatch....Really?!

You get one when you first sign up, and you get one more for free to use whenever. After that you have to purchase at a discount.
From 566 in 8/2012 to..

EQ 704 /TU 690 / EX 730

Discover IT 6000, Amex BCE 10000, FNBO Amex 3500, Cap 1 platinum 2000, Walmart Discover 5000, Orchard Bank platinum 3000, Best Buy 5000, Merrick Bank 1600, Target Visa 700
Valued Contributor

Re: ScoreWatch....Really?!


Azumi1 wrote:

Just how slow is ScoreWatch?  I've been added as AU on two Chase cards, and have yet to have received an alert on either . One was reported to Equifax on the 18th, the other on the 21st.  I don't think I will be renewing this service when the 3 months are up. New accounts added should signal an alert as soon as they report, otherwise what's the point?     


Its not SW... Every creditor is different when it comes to updating to the CRAs

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Regular Contributor

Re: ScoreWatch....Really?!

I spoke to a MyFico rep this week and she said it could take up to a month to update because of the CRA's timelines.
Regular Contributor

Re: ScoreWatch....Really?!

So I broke down and bought a power report, the two accounts were on there, unfortunately they didn't have the impact I was expecting. My score went up 1 point, even though one account was over 30 yrs old with a perfect payment history and raised my aaoa to 8 yrs. My score hasn't moved much since I was "rebucketed" last month and lost 20 points for no reason.  I'll be cancelling my subscription in Dec. This just seems too much like a racket to me.

From 566 in 8/2012 to..

EQ 704 /TU 690 / EX 730

Discover IT 6000, Amex BCE 10000, FNBO Amex 3500, Cap 1 platinum 2000, Walmart Discover 5000, Orchard Bank platinum 3000, Best Buy 5000, Merrick Bank 1600, Target Visa 700
Moderator Emeritus

Re: ScoreWatch....Really?!


Azumi1 wrote:

So I broke down and bought a power report, the two accounts were on there, unfortunately they didn't have the impact I was expecting. My score went up 1 point, even though one account was over 30 yrs old with a perfect payment history and raised my aaoa to 8 yrs. My score hasn't moved much since I was "rebucketed" last month and lost 20 points for no reason.  I'll be cancelling my subscription in Dec. This just seems too much like a racket to me.


I don't think you would get an alert for the two new AUs because of the backdating. It's looking for new accounts with a new open date, as opposed to a new-old account with an open date of months/years ago.

Established Contributor

Re: ScoreWatch....Really?!


Azumi1 wrote:

So I broke down and bought a power report, the two accounts were on there, unfortunately they didn't have the impact I was expecting. My score went up 1 point, even though one account was over 30 yrs old with a perfect payment history and raised my aaoa to 8 yrs. My score hasn't moved much since I was "rebucketed" last month and lost 20 points for no reason.  I'll be cancelling my subscription in Dec. This just seems too much like a racket to me.


Those type of things are going to happen to your report and/or score whether you have a SW subscription or not. Having a service like SW will actually give you an advantage because you will be on top of whats going on with your report instead of blindly guessing IMO. Smiley Happy



Starting Score: EQ 609, EX 633(Fako), TU 700
Current Score: EQ 699, EX 758, TU 733
Goal Score: 720 across the board
Garden Club Member-GC Challenge: App free since 10/31/12 Smiley Wink