topic Re: Do my scores update here every time there is a change? in Understanding FICO® Scoring

Do my scores update here every time there is a change?

Anonymous — Sun, 19 Feb 2017 16:15:27 GMT

I have the FICO Ultimate 3B

If my balances get paid off, or new credit lines get added (and reported) will my score on here update before the "3 month update" on here for me to see? Or do I have to wait three months evertime to see a score update?

Re: Do my scores update here every time there is a change?

Blodreina — Sun, 19 Feb 2017 16:31:35 GMT

@Anonymous wrote:
I have the FICO Ultimate 3B

If my balances get paid off, or new credit lines get added (and reported) will my score on here update before the "3 month update" on here for me to see? Or do I have to wait three months evertime to see a score update?

You should get alerts if the events are alert triggers. New accounts and balance updates, for example, both trigger alerts.

Re: Do my scores update here every time there is a change?

Anonymous — Sun, 19 Feb 2017 19:01:06 GMT

@Falere wrote:
@Anonymous wrote:
I have the FICO Ultimate 3B

If my balances get paid off, or new credit lines get added (and reported) will my score on here update before the "3 month update" on here for me to see? Or do I have to wait three months evertime to see a score update?
You should get alerts if the events are alert triggers. New accounts and balance updates, for example, both trigger alerts.

Great response by Falere. The only thing I would add is that our OP should be clear that most of his scores will NOT update, even if there is an event trigger. The mortgage scores won't update, the Bankcard Enhanced scores won't update, the Auto Enhanced scores won't update. Only FICO 8 classic will update.

I like the products myFICO provides. But it is worth observing the the $30 package is not the only option on the table. There is for example a $40/mo package that provides all scores and reports every 30 days, rather than 90.

And at the other end of the spectrum, there are credit monitoring solutions that are cost-free (or almost cost-free). If our OP wants to explore those there are lots of people who can help with with that.

Re: Do my scores update here every time there is a change?

Anonymous — Sun, 19 Feb 2017 19:55:42 GMT

@Anonymous wrote:

I like the products myFICO provides. But it is worth observing the the $30 package is not the only option on the table. There is for example a $40/mo package that provides all scores and reports every 30 days, rather than 90.

What is that package called? When I look at the available products, the $30 Ultimate 3B is the top option.

Re: Do my scores update here every time there is a change?

Anonymous — Sun, 19 Feb 2017 20:27:07 GMT

Send SouthJamaica a private message and ask him for a link to that product. If I remember right, MF is offering some people that product for a special discounted price of $30, though that might require a bit of know-how to get that offer.

If you can get SJ to comment on this thread then others will be able to see as well.

Bear in mind that's just the highest end one can go -- there's also cost-free options too.

Re: Do my scores update here every time there is a change?

Anonymous — Sun, 19 Feb 2017 20:56:53 GMT

@Anonymous wrote:
Send SouthJamaica a private message and ask him for a link to that product. If I remember right, MF is offering some people that product for a special discounted price of $30, though that might require a bit of know-how to get that offer.

If you can get SJ to comment on this thread then others will be able to see as well.

Bear in mind that's just the highest end one can go -- there's also cost-free options too.

Ah, gotcha. Thanks! I've had a 3B subscription for a couple years now and have been biting the bullet and paying for a monthly 3B report between the quarterly updates, I'd loooove to same some money and not have to shell out that extra $48 a month!

Re: Do my scores update here every time there is a change?

Anonymous — Sun, 19 Feb 2017 21:10:12 GMT

Can you tell us what you are really wanting in a credit monitoring service? Is it basically just a way to see if your credit profile is improving in general over time, to be able to see fresh copies of your credit reports at least once a month, and to see your basic FICO 8 scores once a month?

That can be done at almost no cost.

If on the other hand you want to be able to see all your Auto and Mortgage and Bankcard scores at least every quarter, then there's no real substitute for the $30 or $40 per month myFICO service.

Re: Do my scores update here every time there is a change?

Anonymous — Sun, 19 Feb 2017 22:32:43 GMT

I've been using the Ultimate 3B to monitor my profile over time and track all my scores, and have been using the in-between monthly 3B reports to keep tracking the scores. The $40 plan sounds like it's exactly what I'm looking for--what I'm getting with the 3B Ultimate is great, I just wish it updated monthly.

Re: Do my scores update here every time there is a change?

iv — Sun, 19 Feb 2017 22:58:06 GMT

@Anonymous wrote:
I've been using the Ultimate 3B to monitor my profile over time and track all my scores, and have been using the in-between monthly 3B reports to keep tracking the scores. The $40 plan sounds like it's exactly what I'm looking for--what I'm getting with the 3B Ultimate is great, I just wish it updated monthly.

Good news, then... it's only $30 now: Premier 3B

Re: Do my scores update here every time there is a change?

Anonymous — Mon, 20 Feb 2017 03:02:50 GMT

Thanks for the link! Unfortunately it won't let me switch from Ultimate to Premier, so I contacted support.

If I'm actually able to switch subscriptions, that would be fantastic!

Re: Do my scores update here every time there is a change?

Anonymous — Mon, 20 Feb 2017 03:31:53 GMT

I believe what they may tell you is that you have to cancel your current subscription and then re-subscribe to the new product. If so, be sure to save all previous reports as PDFs that you want to keep, since you would likely lose all your past history.

Re: Do my scores update here every time there is a change?

Anonymous — Mon, 20 Feb 2017 14:03:27 GMT

I just need to see when the report updates. I opened a new 5000 CC to transfer $4000 of debt, and paid off another $4000 in debt. So all but my one new $5000 card will have a balance. I am going to shoot for a mortgage as soon as the other cards report their zero balance.. we really need a house.

Re: Do my scores update here every time there is a change?

SouthJamaica — Mon, 20 Feb 2017 15:08:15 GMT

@Anonymous wrote:
Send SouthJamaica a private message and ask him for a link to that product. If I remember right, MF is offering some people that product for a special discounted price of $30, though that might require a bit of know-how to get that offer.

If you can get SJ to comment on this thread then others will be able to see as well.

Bear in mind that's just the highest end one can go -- there's also cost-free options too.

Here's the link to Premier 3B:

http://www.myfico.com/Products/FICO-Premier-3B/

Re: Do my scores update here every time there is a change?

Anonymous — Mon, 20 Feb 2017 15:25:42 GMT

@Anonymous wrote:
I just need to see when the report updates. I opened a new 5000 CC to transfer $4000 of debt, and paid off another $4000 in debt. So all but my one new $5000 card will have a balance. I am going to shoot for a mortgage as soon as the other cards report their zero balance.. we really need a house.

It sounds like you want to make sure that (a) your credit cards reports their new balances... and then (b) pull your 3B report with all your scores (which will include the mortgage scores). You want those two things to happen in that order -- don't want B to happen before A.

Happily you can control when B happens to some extent. Although you can't get your 3B report any sooner than 90 days after the last one, you can delay pulling it once you become eligible for a new one.

Can the people who actually use the Ultimate package confirm I am right there?

So your steps should be these:

(1) Find out when the earliest you can pull the report.

(2) Use a free tool like Credit Karma to pull your reports each week until you are certain that your CC balances have definitely updated with EQ and TU Then give it 3 extra business days beyond that in case EX is taking longer.

(3) Then pull your 3B report and get your mortgage scores.

Re: Do my scores update here every time there is a change?

SouthJamaica — Tue, 21 Feb 2017 04:20:03 GMT

@Anonymous wrote:
I have the FICO Ultimate 3B

If my balances get paid off, or new credit lines get added (and reported) will my score on here update before the "3 month update" on here for me to see? Or do I have to wait three months evertime to see a score update?

Your FICO 8 scores are updated here whenever you get an alert of any kind for the bureau in question from your MyFICO monitoring product.

The other FICO scores only update here when a report is pulled.

Re: Do my scores update here every time there is a change?

SouthJamaica — Tue, 21 Feb 2017 04:24:02 GMT

@Anonymous wrote:
@Anonymous wrote:
I just need to see when the report updates. I opened a new 5000 CC to transfer $4000 of debt, and paid off another $4000 in debt. So all but my one new $5000 card will have a balance. I am going to shoot for a mortgage as soon as the other cards report their zero balance.. we really need a house.
It sounds like you want to make sure that (a) your credit cards reports their new balances... and then (b) pull your 3B report with all your scores (which will include the mortgage scores). You want those two things to happen in that order -- don't want B to happen before A.

Happily you can control when B happens to some extent. Although you can't get your 3B report any sooner than 90 days after the last one, you can delay pulling it once you become eligible for a new one.

Can the people who actually use the Ultimate package confirm I am right there?

Yes that's correct.

So your steps should be these:

(1) Find out when the earliest you can pull the report.

(2) Use a free tool like Credit Karma to pull your reports each week until you are certain that your CC balances have definitely updated with EQ and TU Then give it 3 extra business days beyond that in case EX is taking longer.

In my case EX almost always updates before TU & EQ. Also bear in mind that Credit Karma is a weekly service, so you can't really fine tune it that closely.

(3) Then pull your 3B report and get your mortgage scores.