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Contributor
quarius
Posts: 139
Registered: ‎08-18-2012
0

Whats so good about score watch?

I just signed up for the monthly plan of score watch and im so sure im enjoying paying for a fee when i haven't seen anything great so far about it. I mean why do i have to pay when i want to look at my new report? Why isn't it just included or how come i can't just update it since im paying a monthly fee, why shouldn't i just use the equifax.com version and i could update everyday if i want and just pay that monthly fee? I kinda want to be able to check my score daily when i pay off things that im doing right now? I mean i just paid off 2 cards and i can't even see a change in my report or score yet, it seems i have to wait weekly. 

Any suggestions on this? 

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1/1/14 [Experian-Fico 747][TU-Fico744][Equifax-Fico766]
Regular Contributor
MontegoMack
Posts: 201
Registered: ‎01-21-2012
0

Re: What's so good about score watch?

[ Edited ]

If you want a FICO score, Score Watch is the way to go. In case you didn't know, equifax.com doesn't offer a FICO score, it's FAKO.

 

Just because you pay a bill doesn't mean it gets reported immediately and thus, you won't see the change in your score immediately either. Updates after a payment is made are initiated by your creditor - probably monthly - just after your bill is cut. You might be able to find out that date just by calling customer service or by keeping track on a CMS. 

 

So, perhaps you need to reconsider when you check your score/reports. That way, you won't be so disappointed. 

 

Good luck and congrats on paying off 2 cards. I'm sure you'll be please with the score bump when they report to the CRAs.

 

*edited for grammar.

 

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Regular Contributor
apandabear
Posts: 200
Registered: ‎03-15-2012
0

Re: Whats so good about score watch?

You should probably read up on how Score Watch works, too.

 

In order to see FICO score updates, you need to set your "Target Score" to your current FICO score. It will let you know if your score goes up/down on a weekly basis. It will also check your FICO score when you have another qualifying event -- CC balances goes UP, new account, new inq, etc. There is a lot of information, you just need to read. Check out the "Settings" tab in your Scorewatch first. It should help you understand what triggers an update.

 

And don't forget to set your target score to get the most out of Score Watch!

 

Personally, I use scorewatch to monitor my FICO score, but I also use USAA credit monitoring so I can look at all 3 reports everyday ($12/month). Using both really helps you keep an eye on things.

2009-10 - C/Os
2011 - Debts paid, no open credit
2012 - Rebuilding started, secured cards opened, SL rehabbed - EQ myFICO 636
2014 - 10k Discover, 3.5k Freedom, AmEx Green, SL, Auto Loan - EQ myFICO 695
Contributor
quarius
Posts: 139
Registered: ‎08-18-2012
0

Re: What's so good about score watch?


MontegoMack wrote:

If you want a FICO score, Score Watch is the way to go. In case you didn't know, equifax.com doesn't offer a FICO score, it's FAKO.

 

Just because you pay a bill doesn't mean it gets reported immediately and thus, you won't see the change in your score immediately either. Updates after a payment is made are initiated by your creditor - probably monthly - just after your bill is cut. You might be able to find out that date just by calling customer service or by keeping track on a CMS. 

 

So, perhaps you need to reconsider when you check your score/reports. That way, you won't be so disappointed. 

 

Good luck and congrats on paying off 2 cards. I'm sure you'll be please with the score bump when they report to the CRAs.

 

*edited for grammar.

 


Well i paid off my cards right before closing date to show a zero balance and i still don't see an update yet. They closed last weekend. Not dissappointed just want to get it right. Im working hard right now to get the best out of my score to get some new prime tradelines.

{NFCU-25k}{Saphire-15k}{Duck-15k}{BOA-12k}{DCU-10k}{Slate-7200}{Simplicity-$7200}{USAA-6k}{DiscoverIT-5k}{CitiTY-$4100}{AmexBCE-$3500}{Venture-$3000}{WalmartDisc-$2600}{Merrick-$1200}{AmazonVisa-$1650}{Cap1-$600}
1/1/14 [Experian-Fico 747][TU-Fico744][Equifax-Fico766]
Contributor
quarius
Posts: 139
Registered: ‎08-18-2012
0

Re: Whats so good about score watch?


apandabear wrote:

You should probably read up on how Score Watch works, too.

 

In order to see FICO score updates, you need to set your "Target Score" to your current FICO score. It will let you know if your score goes up/down on a weekly basis. It will also check your FICO score when you have another qualifying event -- CC balances goes UP, new account, new inq, etc. There is a lot of information, you just need to read. Check out the "Settings" tab in your Scorewatch first. It should help you understand what triggers an update.

 

And don't forget to set your target score to get the most out of Score Watch!

 

Personally, I use scorewatch to monitor my FICO score, but I also use USAA credit monitoring so I can look at all 3 reports everyday ($12/month). Using both really helps you keep an eye on things.


Thanks. I will look into that i never even knew about USAA

{NFCU-25k}{Saphire-15k}{Duck-15k}{BOA-12k}{DCU-10k}{Slate-7200}{Simplicity-$7200}{USAA-6k}{DiscoverIT-5k}{CitiTY-$4100}{AmexBCE-$3500}{Venture-$3000}{WalmartDisc-$2600}{Merrick-$1200}{AmazonVisa-$1650}{Cap1-$600}
1/1/14 [Experian-Fico 747][TU-Fico744][Equifax-Fico766]
Regular Contributor
apandabear
Posts: 200
Registered: ‎03-15-2012
0

Re: What's so good about score watch?


quarius wrote:

Well i paid off my cards right before closing date to show a zero balance and i still don't see an update yet. They closed last weekend. Not dissappointed just want to get it right. Im working hard right now to get the best out of my score to get some new prime tradelines.



FYI, you won't get an alert on balances going down. So you'd have to wait for the weekly FICO score check, which is based on your current Target score.

2009-10 - C/Os
2011 - Debts paid, no open credit
2012 - Rebuilding started, secured cards opened, SL rehabbed - EQ myFICO 636
2014 - 10k Discover, 3.5k Freedom, AmEx Green, SL, Auto Loan - EQ myFICO 695
Contributor
quarius
Posts: 139
Registered: ‎08-18-2012
0

Re: What's so good about score watch?

Wow thanks guys i did what u said and my score updated today +17 points to 666, thats what i was looking for out of my score watch. 

{NFCU-25k}{Saphire-15k}{Duck-15k}{BOA-12k}{DCU-10k}{Slate-7200}{Simplicity-$7200}{USAA-6k}{DiscoverIT-5k}{CitiTY-$4100}{AmexBCE-$3500}{Venture-$3000}{WalmartDisc-$2600}{Merrick-$1200}{AmazonVisa-$1650}{Cap1-$600}
1/1/14 [Experian-Fico 747][TU-Fico744][Equifax-Fico766]
Valued Contributor
Burned2manybridgesB4
Posts: 2,306
Registered: ‎03-15-2012
0

Re: What's so good about score watch?

Keep your goal score set to your current score, for the most update potential.

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Regular Contributor
apandabear
Posts: 200
Registered: ‎03-15-2012
0

Re: What's so good about score watch?


Burned2manybridgesB4 wrote:

Keep your goal score set to your current score, for the most update potential.


+1

 

Reset your target score for 666!

 

Glad you're happy! :smileyhappy:

2009-10 - C/Os
2011 - Debts paid, no open credit
2012 - Rebuilding started, secured cards opened, SL rehabbed - EQ myFICO 636
2014 - 10k Discover, 3.5k Freedom, AmEx Green, SL, Auto Loan - EQ myFICO 695

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