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Frequent Contributor
jake619
Posts: 458
Registered: ‎11-13-2012

myFICO Quarterly Monitor Update Intervals

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‎11-24-2012 08:01 PM

I get that the score is updated quarterly, but what about the report data?  For example, if I get a creditor to respond to a goodwill letter and update a derog, would the report update accordingly with the FICO to follow at the next qurterly interval?  Would these both (report and FICO) remain static until the next interval?


GangnamFICO wrote:
Because the chicks dig it when I throw down the card to the waiter and...it comes in handy if I'm short on cash until payday and need a short spot. AMEX gets the booty, and that's important when you're a Pirate.

Minor vulgarity edit --Rev


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llecs
Posts: 31,510
Registered: ‎08-04-2007

Re: myFICO Quarterly Monitor Update Intervals

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‎11-25-2012 06:24 AM - edited ‎11-25-2012 06:28 AM

jake619 wrote:

I get that the score is updated quarterly, but what about the report data?  For example, if I get a creditor to respond to a goodwill letter and update a derog, would the report update accordingly with the FICO to follow at the next qurterly interval?  Would these both (report and FICO) remain static until the next interval?

Under FICO Quarterly Monitoring, you'll get a new report each quarter. So, if a creditor accepted a GW and a change was made, the score change, if any, and the report would reflect that change. Because TU is monitored quarterly, you won't get an alert until that new report comes out.

 

ETA...what most of us do is subscribe to a daily CMS so we can update all 3 reports whenever we want. IMO, it's crucial when checking for changes before sending a new round of GWs.

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jake619
Posts: 458
Registered: ‎11-13-2012

Re: myFICO Quarterly Monitor Update Intervals

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‎11-25-2012 03:27 PM

llecs wrote:
ETA...what most of us do is subscribe to a daily CMS so we can update all 3 reports whenever we want. IMO, it's crucial when checking for changes before sending a new round of GWs.

CMS like SW?  Others?  Sorry, still learning.


GangnamFICO wrote:
Because the chicks dig it when I throw down the card to the waiter and...it comes in handy if I'm short on cash until payday and need a short spot. AMEX gets the booty, and that's important when you're a Pirate.

Minor vulgarity edit --Rev


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llecs
Posts: 31,510
Registered: ‎08-04-2007

Re: myFICO Quarterly Monitor Update Intervals

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‎11-25-2012 04:21 PM

http://ficoforums.myfico.com/t5/General-Credit-Topics/Credit-Monitoring-Service-CMS-Guide/td-p/66254...

 

The link above has several CMS offerings, with maybe 4-5 that offer daily pulls of all 3 reports.

 

 

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