Reply
Frequent Contributor
jake619
Posts: 496
Registered: ‎11-13-2012
0

myFICO Quarterly Monitor Update Intervals

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



Moderator Emeritus
llecs
Posts: 32,869
Registered: ‎08-04-2007
0

Re: myFICO Quarterly Monitor Update Intervals

[ Edited ]

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.

Frequent Contributor
jake619
Posts: 496
Registered: ‎11-13-2012
0

Re: myFICO Quarterly Monitor Update Intervals


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



Moderator Emeritus
llecs
Posts: 32,869
Registered: ‎08-04-2007
0

Re: myFICO Quarterly Monitor Update Intervals

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.

 

 


myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}