ScoreWatch question, please

[Anonymous]

Do I understand this right? Even though I have SW set to report ANY changes to our FICO, it will only (really) report negs/decreases, rather than pos/increases?

We just caught up (middle of last month) on several loans, paid off a tax lien and had a collection or two PFD'd ... will those not update the score? Or will they??

Or am I just jumping the gun and the creditors haven't updated the CRAs yet (reason for no change in score)?

TIA!!!

[Anonymous]

While many Positive actions do not "trigger" a scorewatch alert. 

Scorewatch still looks for score changes on a regular basis- 7 to 10 days and will alert you to a score change.

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Wonderin wrote:
Do I understand this right? Even though I have SW set to report ANY changes to our FICO, it will only (really) report negs/decreases, rather than pos/increases?

We just caught up (middle of last month) on several loans, paid off a tax lien and had a collection or two PFD'd ... will those not update the score? Or will they??

Or am I just jumping the gun and the creditors haven't updated the CRAs yet (reason for no change in score)?

TIA!!!

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[marty56]

I was adding 1 point to my current EQ and told Score Watch to check for it.  MY EQ score went up 10 points and no alert.

[haulingthescoreup]

I don't understand this at all, but I get alerts when I enter my current score for the target, not when it's set for + one.

[marty56]

That was working.  Unless of couse some programmer changed the code from <= to = and >= to =.

Maybe they just check for < since its saves the money or something.

Anyway if setting it equal to the current score causes it to work, that would be a bug in my world and something that needs to be fixed.  Unless it is designed to work that way and then the documentation should be changed.

[thrasher865]

Are you saying if my score was reported on the 21st as 714 that I should set up scorewatch to keep its eye out for an increase to 714?  I just did this.  Should I expect an alert today?  In the next 3 days?

[marty56]

Perhaps SW alerts are tied into how MyFico stock is doing.  A drop in stock price might make it

"less sensistive"  so the FICO score junkies might be tempted to purchase more Score Power reports thus increasing revenue.  Following the prices of a barrel of oil model I suppose.