topic Re: myFICO score not updating? in General Credit Topics

myFICO score not updating?

MugenCivicSi83 — Thu, 06 Oct 2016 17:19:59 GMT

Here I am trying to monitor my credit to find many inconsistencies across sites. I have a monitoring service on experian that I paid for and a 3B report I paid for on myFICO. Can someone please explain the beneifts as to why i'm paying $29.95 a month on myFICO but my score did not update like it did on the Experian site? ...and now i'm reading that myFICO 3B, you have to buy a new one every time you want to see an updated score, otherwise it only gets updated every 3 months??? Why am I paying $29.95 a month to only get one update in 3 months? Can someone please explain to me how this works? I have searched in the search bar and the most recent thing I could find was from 2015. I would prefer an admin with much experience to reply. Thanks in advance.

Re: myFICO score not updating?

SouthJamaica — Thu, 06 Oct 2016 17:44:29 GMT

@MugenCivicSi83 wrote:
Here I am trying to monitor my credit to find many inconsistencies across sites. I have a monitoring service on experian that I paid for and a 3B report I paid for on myFICO. Can someone please explain the beneifts as to why i'm paying $29.95 a month on myFICO but my score did not update like it did on the Experian site? ...and now i'm reading that myFICO 3B, you have to buy a new one every time you want to see an updated score, otherwise it only gets updated every 3 months??? Why am I paying $29.95 a month to only get one update in 3 months? Can someone please explain to me how this works? I have searched in the search bar and the most recent thing I could find was from 2015. I would prefer an admin with much experience to reply. Thanks in advance.

1. Your MyFICO product gives you constant updating of FICO 8 for all 3 bureaus, but it's a day or two later than the actual report is updated. So for EX you get it a day or two quicker on Experian.com than on MyFICO.com

2. The other 18 FICO scores in your 3B report update only when a new 3B report is pulled.

Re: myFICO score not updating?

Appleman — Thu, 06 Oct 2016 17:53:16 GMT

IMO the quickest for notifications is Credit Check Total. Trial is $1 for a week. Cancel within seven days and they will try to get you to stay on for $14.97 a month and you will get a new report each month for all 3 bureaus (FICO 08 score only).

The myFICO product (which I also subscribe to) only updates when a credit alert hits, a score change may or may not be related to an alert. And the only score that will update will be the FICO 08 score. I often find that myFICO lags 1-4 days behind CCT. The rest of the FICO versions on myFICO only udate when you obtain a new report.

For additional monitoring of TU and EQ I also use Credit Karma although this is a Vantage score and seems ok for trending.

Re: myFICO score not updating?

MugenCivicSi83 — Thu, 06 Oct 2016 17:59:18 GMT

Thank you South Jamaica for the quick response! I will wait then a couple more days. Now I feel like an idiot I'm completely new to this.

Re: myFICO score not updating?

MugenCivicSi83 — Thu, 06 Oct 2016 18:02:37 GMT

Thank you Appleman! Not sure of all the shortened terms like CCT but it would be cool for this site to have a key for all abbreviations off to the side, depending on the # of potential abbreviations. Thanks for the info!

Re: myFICO score not updating?

Anonymous — Thu, 06 Oct 2016 20:04:27 GMT

I've had my share of "what the fudge?" questions here too. I've learned the rhythm of myfico and while it is not perfect, I like it for the variety of scores offered though I have found it may take 10 days to update Experian. The others do not seem to be quite as slow.

Re: myFICO score not updating?

Appleman — Thu, 06 Oct 2016 20:55:56 GMT

CCT > Credit Check Total

And welcome!

Re: myFICO score not updating?

SouthJamaica — Thu, 06 Oct 2016 22:14:41 GMT

@MugenCivicSi83 wrote:
Thank you South Jamaica for the quick response! I will wait then a couple more days. Now I feel like an idiot I'm completely new to this.

You're not an idiot. The site is confusing. It took me quite a while to figure out the things I just told you.

Re: myFICO score not updating?

SouthJamaica — Thu, 06 Oct 2016 22:27:06 GMT

@Appleman wrote:
IMO the quickest for notifications is Credit Check Total. Trial is $1 for a week. Cancel within seven days and they will try to get you to stay on for $14.97 a month and you will get a new report each month for all 3 bureaus (FICO 08 score only).

The myFICO product (which I also subscribe to) only updates when a credit alert hits, a score change may or may not be related to an alert. And the only score that will update will be the FICO 08 score. I often find that myFICO lags 1-4 days behind CCT. The rest of the FICO versions on myFICO only udate when you obtain a new report.

For additional monitoring of TU and EQ I also use Credit Karma although this is a Vantage score and seems ok for trending.

Questions, Appleman:

I just signed on for CCT, and it looks exactly the same as my Experian.com site, except that it has 3 bureaus rather than just EX.

1. Does it give the same alerts that Experian.com provides?

2. Can the report be refreshed and updated for free whenever you like, the way that Experian.com permits?

Re: myFICO score not updating?

Anonymous — Fri, 07 Oct 2016 12:32:36 GMT

@MugenCivicSi83 wrote:
Thank you Appleman! Not sure of all the shortened terms like CCT but it would be cool for this site to have a key for all abbreviations off to the side, depending on the # of potential abbreviations. Thanks for the info!

The following contains a list to useful threads including common abbreviations link:

http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Helpful-Rebuilding-Threads/td-p/224981

Also, I've found that there is a 1-2 delay, but unless I need it *right now*, I just allow for that. I like the multiple scores (mortgage, auto, cards) which I don't get on other sites.

Re: myFICO score not updating?

Anonymous — Fri, 07 Oct 2016 13:02:49 GMT

@SouthJamaica wrote:
@Appleman wrote:
IMO the quickest for notifications is Credit Check Total. Trial is $1 for a week. Cancel within seven days and they will try to get you to stay on for $14.97 a month and you will get a new report each month for all 3 bureaus (FICO 08 score only).

The myFICO product (which I also subscribe to) only updates when a credit alert hits, a score change may or may not be related to an alert. And the only score that will update will be the FICO 08 score. I often find that myFICO lags 1-4 days behind CCT. The rest of the FICO versions on myFICO only udate when you obtain a new report.

For additional monitoring of TU and EQ I also use Credit Karma although this is a Vantage score and seems ok for trending.
Questions, Appleman:

I just signed on for CCT, and it looks exactly the same as my Experian.com site, except that it has 3 bureaus rather than just EX.

1. Does it give the same alerts that Experian.com provides?

2. Can the report be refreshed and updated for free whenever you like, the way that Experian.com permits?

For a while I subscribed to both CCT and EX just to see what was happening.

This is what I found:

Changes showed on EX quicker, but CCT followed usually the same day or next day.

CCT updates daily automatically (which I love)

Once a month you get a free update from all three credit bureaus.

I cancelled my EX monitoring and now use CCT and MYFCIO. I still use TU and EQ, but plan to cancel those soon as I have done my "cleanup" on the sites.

Hope this helps.

Re: myFICO score not updating?

MugenCivicSi83 — Fri, 07 Oct 2016 14:16:04 GMT

I have EX, CCT, and myFICO now to see how this plays out. Looking for a bump in my score end of this month into the 720-740 range *crossing my fingers* and I still have found a ton of erroneous data on my reports. Addresses aren't the same on any one of the CRA's, etc. Maybe by december it will be cleaner. Will GW letters be good for me if I have a few late payments. My payment percent is at 99% on time. I just missed a couple I believe due to bad timing on my part

Thanks for any advice or wisdom and as always "Stay Clean!"

Re: myFICO score not updating?

SouthJamaica — Fri, 07 Oct 2016 16:49:06 GMT

@Anonymous wrote:
@SouthJamaica wrote:
@Appleman wrote:
IMO the quickest for notifications is Credit Check Total. Trial is $1 for a week. Cancel within seven days and they will try to get you to stay on for $14.97 a month and you will get a new report each month for all 3 bureaus (FICO 08 score only).

The myFICO product (which I also subscribe to) only updates when a credit alert hits, a score change may or may not be related to an alert. And the only score that will update will be the FICO 08 score. I often find that myFICO lags 1-4 days behind CCT. The rest of the FICO versions on myFICO only udate when you obtain a new report.

For additional monitoring of TU and EQ I also use Credit Karma although this is a Vantage score and seems ok for trending.
Questions, Appleman:

I just signed on for CCT, and it looks exactly the same as my Experian.com site, except that it has 3 bureaus rather than just EX.

1. Does it give the same alerts that Experian.com provides?

2. Can the report be refreshed and updated for free whenever you like, the way that Experian.com permits?
For a while I subscribed to both CCT and EX just to see what was happening.

This is what I found:
Changes showed on EX quicker, but CCT followed usually the same day or next day.
CCT updates daily automatically (which I love)
Once a month you get a free update from all three credit bureaus.

I cancelled my EX monitoring and now use CCT and MYFCIO. I still use TU and EQ, but plan to cancel those soon as I have done my "cleanup" on the sites.

Hope this helps.

Thanks, Appleman