topic USAA CMS vs MYfico for updates in General Credit Topics

USAA CMS vs MYfico for updates

cd2004 — Mon, 30 Apr 2012 17:50:47 GMT

Does USAA CMS update faster than Myfico? I just paid down my overall CC util from 65% to 37%. I refreshed USAA and the new balances show but then I got my weekly Scorewatch and it says no recent changes to my account for this week. I am pretty sure I should have a pretty nice score increase because two cards went from 74% util to 10%.

Re: USAA CMS vs MYfico for updates

namvet — Mon, 30 Apr 2012 17:58:22 GMT

@cd2004 wrote:
Does USAA CMS update faster than Myfico? I just paid down my overall CC util from 65% to 37%. I refreshed USAA and the new balances show but then I got my weekly Scorewatch and it says no recent changes to my account for this week. I am pretty sure I should have a pretty nice score increase because two cards went from 74% util to 10%.

YMMV but USAA CMS updates faster than my score watch account. There appears to be some lag time on both. You should get a nice bump on your scores with that much of a util reduction.

Re: USAA CMS vs MYfico for updates

cd2004 — Mon, 30 Apr 2012 18:09:56 GMT

@namvet wrote:
@cd2004 wrote:
Does USAA CMS update faster than Myfico? I just paid down my overall CC util from 65% to 37%. I refreshed USAA and the new balances show but then I got my weekly Scorewatch and it says no recent changes to my account for this week. I am pretty sure I should have a pretty nice score increase because two cards went from 74% util to 10%.
YMMV but USAA CMS updates faster than my score watch account. There appears to be some lag time on both. You should get a nice bump on your scores with that much of a util reduction.

thanks, I am waiting impatiently. I just finally reached low 600's for the first time in years last month so I am hoping to be mid 600's on EQ.

Re: USAA CMS vs MYfico for updates

namvet — Mon, 30 Apr 2012 18:29:56 GMT

You got a shot at your target score once all the updates hit your reports. Patience is the key in all areas of your credit rebuild. Good luck!

Re: USAA CMS vs MYfico for updates

kjm79 — Mon, 30 Apr 2012 19:07:59 GMT

@cd2004 wrote:
Does USAA CMS update faster than Myfico? I just paid down my overall CC util from 65% to 37%. I refreshed USAA and the new balances show but then I got my weekly Scorewatch and it says no recent changes to my account for this week. I am pretty sure I should have a pretty nice score increase because two cards went from 74% util to 10%.

Scorewatch doesn't report balance decreases. You'd have to pull a new report to see the updated balances. If the decreased balance changes your score and depending on your score settings, you may get an alert that way.

Re: USAA CMS vs MYfico for updates

cd2004 — Mon, 30 Apr 2012 20:22:45 GMT

@kjm79 wrote:
@cd2004 wrote:
Does USAA CMS update faster than Myfico? I just paid down my overall CC util from 65% to 37%. I refreshed USAA and the new balances show but then I got my weekly Scorewatch and it says no recent changes to my account for this week. I am pretty sure I should have a pretty nice score increase because two cards went from 74% util to 10%.
Scorewatch doesn't report balance decreases. You'd have to pull a new report to see the updated balances. If the decreased balance changes your score and depending on your score settings, you may get an alert that way.

yeah, I know that is what I was waiting on the score increase because I am pretty sure I should get one. I got an increase everytime I decrease my balance a little bit and this is the first time I have been able to hit 10% util on 2 cards at one time

Re: USAA CMS vs MYfico for updates

cd2004 — Tue, 08 May 2012 16:46:49 GMT

So I finally got my alert today and I only got a 10pt increase, I was expecting more so next statement I will try letting those 2 report zero and decrease the balance on my closed credit card because that util is the only high one at this point.

Re: USAA CMS vs MYfico for updates

Anonymous — Tue, 08 May 2012 19:36:26 GMT

Everything I've used updates faster than SW. Since they're using a different furmulation, there's no way to tell what the impact will be. Definitely don't burn a Score Report or buy another one. Doing that only rewards slow updates, LOL!