topic Re: ScoreWatch may have saved my mortgage in myFICO® Product Feedback

ScoreWatch may have saved my mortgage

thankfulheart — Tue, 16 Oct 2012 09:56:45 GMT

I received a SW alert that my score had dropped by 30 points. Discovered that one of my ex's CCs had some lates in May/June and I was an AU on the account, but it had never reported before. I was able to contact the CC issuer and get it off right away before my final credit pull for my mortgage.

Question, though...it came off AND I paid down a CC to bring util from 22% to 7% and have not had a SW update? Don't want to pull the trigger on a new report, but I sure would like to see what my score looks like (and, yes, I keep my settings AT the current score). How many days should I let go by?

Re: ScoreWatch may have saved my mortgage

llecs — Tue, 16 Oct 2012 13:24:10 GMT

What day did the AU drop and what day did the balances go down on EQ? I'd give it a week from that point.

Re: ScoreWatch may have saved my mortgage

thankfulheart — Wed, 17 Oct 2012 03:24:23 GMT

@llecs wrote:
What day did the AU drop and what day did the balances go down on EQ? I'd give it a week from that point.

Thanks for the advice. The balance went down Saturday, the AU dropped off Sunday (I was backdooring EQ to make sure). I really hoped I'd see a rebound from that sooner. Does SW really only monitor weekly?

Re: ScoreWatch may have saved my mortgage

llecs — Wed, 17 Oct 2012 04:20:45 GMT

Yes, if there isn't anything happening on your CR to trigger a credit alert inside that weekly score check.

From the SW Guide found stickied in this board:

Score Alerts – these alerts notify the subscriber of Equifax FICO score changes in a couple of ways. (See table below.)

If a Credit Alert is triggered, the latest score is always shown on that alert.

When no Credit Alerts are triggered, the scores are monitored every 7-10 days for changes.

Re: ScoreWatch may have saved my mortgage

thankfulheart — Wed, 17 Oct 2012 12:25:47 GMT

@llecs wrote:
Yes, if there isn't anything happening on your CR to trigger a credit alert inside that weekly score check.

From the SW Guide found stickied in this board:

Score Alerts – these alerts notify the subscriber of Equifax FICO score changes in a couple of ways. (See table below.)

If a Credit Alert is triggered, the latest score is always shown on that alert.
When no Credit Alerts are triggered, the scores are monitored every 7-10 days for changes.

Need the head-smacking smiley. Thanks for the info! I couldn't stand it any longer and went ahead and blew my 2nd pull. It was WELL worth it as I am now at an all time high of 721! Woo-flippin'-HOO! Thanks again MyFICO for an awesome product and community where knowledge is VERY powerful!

Re: ScoreWatch may have saved my mortgage

gettnthere — Sun, 04 Nov 2012 02:48:01 GMT

@thankfulheart wrote:
@llecs wrote:
Yes, if there isn't anything happening on your CR to trigger a credit alert inside that weekly score check.

From the SW Guide found stickied in this board:

Score Alerts – these alerts notify the subscriber of Equifax FICO score changes in a couple of ways. (See table below.)

If a Credit Alert is triggered, the latest score is always shown on that alert.
When no Credit Alerts are triggered, the scores are monitored every 7-10 days for changes.
Need the head-smacking smiley. Thanks for the info! I couldn't stand it any longer and went ahead and blew my 2nd pull. It was WELL worth it as I am now at an all time high of 721! Woo-flippin'-HOO! Thanks again MyFICO for an awesome product and community where knowledge is VERY powerful!

+1000. and congrats on your new, all time high score!!