topic Re: Credit.com starting new monitoring product in General Credit Topics

Credit.com starting new monitoring product

FlaDude — Wed, 10 Jun 2020 16:09:25 GMT

I just got an email from Credit.com, they are starting a new 3B FICO score product. It will undercut existing ones at $25/mo, and I was offered early access pricing at $5/mo for the first year.

https://www.credit.com/extracredit/ambassadors.html?utm_source=ecambassador&utm_medium=email&utm_campaign=ec.ambassador.1

I assume the intro offer is sort of a beta test, the email included this:

*Extra Credit is in the testing and validation phase. Some features may not yet be available. Those features will be available soon.

Re: Credit.com starting new monitoring product

Anonymous — Wed, 10 Jun 2020 16:24:20 GMT

That price undercuts MyFICO but not Experian which can be obtained for $19.95 per month if signing up through a mobile app.

So I guess it depends if they report all 28 FICO scores as MyFICO does. Experian only gives 5 other scores in addition to FICO 8.

Re: Credit.com starting new monitoring product

FlaDude — Wed, 10 Jun 2020 16:46:41 GMT

I've been using myFICO periodically, I pay for a month, then pause for 6 months, repeat. As it happens, myFICO just unpaused and I got new scores from it yesterday. I decided to try the $5/month offer, if nothing else it will keep some activity on a card in my SD.

The agreement was specifically identified as a beta agreement, so they are still in development and test. They do give all 28 FICO scores, I spot checked a few and they match, I'll review in more detail later and explore what they have to offer. At $5/month I'll probably keep it for a while, I really can't justify paying $20 or more just for the full round of scores.

I'll report back if I find any significant differences.

Re: Credit.com starting new monitoring product

Anonymous — Wed, 10 Jun 2020 18:53:55 GMT

@FlaDude wrote:
I just got an email from Credit.com, they are starting a new 3B FICO score product. It will undercut existing ones at $25/mo, and I was offered early access pricing at $5/mo for the first year.

https://www.credit.com/extracredit/ambassadors.html?utm_source=ecambassador&utm_medium=email&utm_campaign=ec.ambassador.1

I assume the intro offer is sort of a beta test, the email included this:
*Extra Credit is in the testing and validation phase. Some features may not yet be available. Those features will be available soon.

It looks like it's invite only. I tried to click on that link multiple times, I get to the screen with "click here to upgrade" buttons, but nothing happens. Sounds great tho! Hopefully they will open the product to others soon.

Re: Credit.com starting new monitoring product

Dmessina666 — Thu, 11 Jun 2020 09:59:20 GMT

I got the same beta invite yesterday and signed up. $5??? Why not. All versions of Fico match up so they got that right. There are some discrepancies tho as it stated.

I have 3 closed CO accounts that show open lol.....I certainly hope not.

either way, it's a good deal. The rest of the report, minus EQ, all seem to match up and look correct. EQ report and score never populated. I'll keep a close eye on it. There are other options with this new software also, like rent and utility reporting for Fico 9 and cash rewards for score improvements, applying for cards they offer and getting approved, etc.

looks good, but proceed with caution.

Re: Credit.com starting new monitoring product

FlaDude — Thu, 11 Jun 2020 13:06:51 GMT

@Dmessina666 wrote:
either way, it's a good deal. The rest of the report, minus EQ, all seem to match up and look correct. EQ report and score never populated. I'll keep a close eye on it.

EQ is not populating for me also, but one of the disclaimers was that some functionality would not be available immediately.

Re: Credit.com starting new monitoring product

Wavester64 — Fri, 12 Jun 2020 22:28:43 GMT

@FlaDude wrote:
I just got an email from Credit.com, they are starting a new 3B FICO score product. It will undercut existing ones at $25/mo, and I was offered early access pricing at $5/mo for the first year.

https://www.credit.com/extracredit/ambassadors.html?utm_source=ecambassador&utm_medium=email&utm_campaign=ec.ambassador.1

I assume the intro offer is sort of a beta test, the email included this:
*Extra Credit is in the testing and validation phase. Some features may not yet be available. Those features will be available soon.

Thanks for posting this! I had the email in my inbox and totally missed it. Signed up, figured for $5 what the heck! Also its good charge for one of my cards that has constant $0 balance to keep it active! So far I like it.

Re: Credit.com starting new monitoring product

Iusedtolurk — Sat, 13 Jun 2020 02:27:47 GMT

@FlaDude wrote:
I just got an email from Credit.com, they are starting a new 3B FICO score product. It will undercut existing ones at $25/mo, and I was offered early access pricing at $5/mo for the first year.

https://www.credit.com/extracredit/ambassadors.html?utm_source=ecambassador&utm_medium=email&utm_campaign=ec.ambassador.1

I assume the intro offer is sort of a beta test, the email included this:
*Extra Credit is in the testing and validation phase. Some features may not yet be available. Those features will be available soon.

I knew I had got an email from credit.com I put into the trash so I went back through the trash and it stated get on the waitlist for extracredit.

Tried the link above and it showed 25 dollars for when the service starts sooo I guess I didn't get the beta for 5$. Too bad it would have been pretty good for a year.

Re: Credit.com starting new monitoring product

Anonymous — Sat, 13 Jun 2020 04:34:06 GMT

Unsurprisingly (I haven't logged in to that site in I don't know how long), I do not have the offer in my inbox or when I log in. It shows me having basic with no information about upgrading when I hit that link.

For $5 a month, I would have done it.

Re: Credit.com starting new monitoring product

Anonymous — Sat, 13 Jun 2020 09:23:39 GMT

@FlaDude wrote:
I just got an email from Credit.com, they are starting a new 3B FICO score product. It will undercut existing ones at $25/mo, and I was offered early access pricing at $5/mo for the first year.

https://www.credit.com/extracredit/ambassadors.html?utm_source=ecambassador&utm_medium=email&utm_campaign=ec.ambassador.1

I assume the intro offer is sort of a beta test, the email included this:
*Extra Credit is in the testing and validation phase. Some features may not yet be available. Those features will be available soon.

Is there any indication how often the 28 FICO scores are updated?

I've already paid $719.10 for the last 18 months of a myFICO Premier subscription. I consider it 'non-discretionary insurance spend' until I am settled into a new home with mortgage.

Over those same 18 months, I have paid $1,011.06 to Adobe for full access to every app they have. I still can't believe it's only a $300 difference.

Re: Credit.com starting new monitoring product

FlaDude — Sat, 13 Jun 2020 15:29:38 GMT

@Anonymous wrote:
Is there any indication how often the 28 FICO scores are updated?

Nothing I saw in the material. I've got both myFICO and the new service this month so I'll keep and eye on both and compare. I had a myFICO update on my TU 8 score yesterday, so far nothing from credit.com. Of course it's possible that the new service might be planning real time FICO 8 updates but hasn't implemented yet, they are not in full production mode. Now at least EQ has a "coming soon" icon rather than just showing blanks.

Re: Credit.com starting new monitoring product

Wavester64 — Sat, 13 Jun 2020 18:20:24 GMT

@Anonymous wrote:
@FlaDude wrote:
I just got an email from Credit.com, they are starting a new 3B FICO score product. It will undercut existing ones at $25/mo, and I was offered early access pricing at $5/mo for the first year.

https://www.credit.com/extracredit/ambassadors.html?utm_source=ecambassador&utm_medium=email&utm_campaign=ec.ambassador.1

I assume the intro offer is sort of a beta test, the email included this:
*Extra Credit is in the testing and validation phase. Some features may not yet be available. Those features will be available soon.
Is there any indication how often the 28 FICO scores are updated?

I've already paid $719.10 for the last 18 months of a myFICO Premier subscription. I consider it 'non-discretionary insurance spend' until I am settled into a new home with mortgage.

Over those same 18 months, I have paid $1,011.06 to Adobe for full access to every app they have. I still can't believe it's only a $300 difference.

Signed up yesterday and it said 30-days and now it says 29. So its safe to say every 30-days.

Keep in mind EQ scores are still not available ("Coming Soon")

Re: Credit.com starting new monitoring product

Anonymous — Sat, 13 Jun 2020 19:00:42 GMT

@Wavester64 wrote:
@Anonymous wrote:
@FlaDude wrote:
I just got an email from Credit.com, they are starting a new 3B FICO score product. It will undercut existing ones at $25/mo, and I was offered early access pricing at $5/mo for the first year.

https://www.credit.com/extracredit/ambassadors.html?utm_source=ecambassador&utm_medium=email&utm_campaign=ec.ambassador.1

I assume the intro offer is sort of a beta test, the email included this:
*Extra Credit is in the testing and validation phase. Some features may not yet be available. Those features will be available soon.
Is there any indication how often the 28 FICO scores are updated?
Signed up yesterday and it said 30-days and now it says 29. So its safe to say every 30-days.

Keep in mind EQ scores are still not available ("Coming Soon")

Thanks! That's looking pretty good then. Even if it took them another 3 months to work it all out, it's something to look forward to.

Re: Credit.com starting new monitoring product

FlaDude — Wed, 17 Jun 2020 16:49:56 GMT

I just got an email asking for feedback and suggestions. The main thing I've noticed so far is that is they are not sending alerts for balance changes or updating FICO 8 scores like myFICO does. If anyone has other suggestions they would like to make, let me know and I'll forward them on.

Re: Credit.com starting new monitoring product

Anonymous — Wed, 17 Jun 2020 18:08:21 GMT

@FlaDude wrote:
I just got an email asking for feedback and suggestions. The main thing I've noticed so far is that is they are not sending alerts for balance changes or updating FICO 8 scores like myFICO does. If anyone has other suggestions they would like to make, let me know and I'll forward them on.

If they are going to turn this into a paid product, full credit reports would be more appropriate than the credit scorecard they offer now.

Re: Credit.com starting new monitoring product

FlaDude — Mon, 28 Dec 2020 03:13:06 GMT

@Anonymous wrote:
If they are going to turn this into a paid product, full credit reports would be more appropriate than the credit scorecard they offer now.

The do offer downloaded reports, but you have to select each bureau separately and download each rather than the consolidated report that myFICO provides:

They also only show 4 years of payment history detail. I'm also not sure how they show derogs, there is no "Payment Status" or "Worst Delinquency" row like there is in the myFICO reports. My last 30 day late just fell off my report a couple of weeks ago, otherwise I would be able to see how that would have shown up. The PDF report is pretty basic, no scores and minimal summary, and no PDF bookmarks.

Re: Credit.com starting new monitoring product

Anonymous — Mon, 28 Dec 2020 03:13:39 GMT

@FlaDude wrote:
@Anonymous wrote:
If they are going to turn this into a paid product, full credit reports would be more appropriate than the credit scorecard they offer now.
The do offer downloaded reports, but you have to select each bureau separately and download each rather than the consolidated report that myFICO provides:

They also only show 4 years of payment history detail. I'm also not sure how they show derogs, there is no "Payment Status" or "Worst Delinquency" row like there is in the myFICO reports. My last 30 day late just fell off my report a couple of weeks ago, otherwise I would be able to see how that would have shown up. The PDF report is pretty basic, no scores and minimal summary, and no PDF bookmarks.

Nice. Glad to see they implemented that. That's why I stopped using credit.com was because Experian gave me a real report and I got the other two from CK.

Re: Credit.com starting new monitoring product

FlaDude — Thu, 18 Jun 2020 01:06:50 GMT

@Anonymous wrote:
Nice. Glad to see they implemented that. That's why I stopped using credit.com was because Experian gave me a real report and I got the other two from CK.

As far as I know this is only for the new paid product. I assume the free credit.com score is staying the same as it was.

Re: Credit.com starting new monitoring product

Anonymous — Thu, 18 Jun 2020 01:09:11 GMT

@FlaDude wrote:
@Anonymous wrote:
Nice. Glad to see they implemented that. That's why I stopped using credit.com was because Experian gave me a real report and I got the other two from CK.
As far as I know this is only for the new paid product. I assume the free credit.com score is staying the same as it was.

Yes I figured as much from my login last night but I don't expect it from them for free. I do expect it from a paid service though so I'm glad they added that.

Re: Credit.com starting new monitoring product

Anonymous — Sat, 20 Jun 2020 00:49:52 GMT

Interesting.