topic Re: ScoreWatch....Really?! in myFICO® Product Feedback

ScoreWatch....Really?!

Azumi1 — Sat, 27 Oct 2012 16:19:59 GMT

Just how slow is ScoreWatch? I've been added as AU on two Chase cards, and have yet to have received an alert on either . One was reported to Equifax on the 18th, the other on the 21st. I don't think I will be renewing this service when the 3 months are up. New accounts added should signal an alert as soon as they report, otherwise what's the point?

Re: ScoreWatch....Really?!

Duncanrr — Sat, 27 Oct 2012 16:58:45 GMT

It does seem to be sporadic sometimes. Make sure your SW settings are properly setup.

Re: ScoreWatch....Really?!

Azumi1 — Sat, 27 Oct 2012 17:04:02 GMT

An account being added is supposed to be an automatic alert regardless.

Re: ScoreWatch....Really?!

rkb84 — Sat, 27 Oct 2012 17:04:25 GMT

How often do I get a new report? My score has changes 2 times in the last few weeks, but no new report.

Re: ScoreWatch....Really?!

Azumi1 — Sat, 27 Oct 2012 17:10:45 GMT

You get one when you first sign up, and you get one more for free to use whenever. After that you have to purchase at a discount.

Re: ScoreWatch....Really?!

beb86 — Sun, 28 Oct 2012 04:00:54 GMT

@Azumi1 wrote:
Just how slow is ScoreWatch? I've been added as AU on two Chase cards, and have yet to have received an alert on either . One was reported to Equifax on the 18th, the other on the 21st. I don't think I will be renewing this service when the 3 months are up. New accounts added should signal an alert as soon as they report, otherwise what's the point?

Its not SW... Every creditor is different when it comes to updating to the CRAs

Re: ScoreWatch....Really?!

Anonymous — Sun, 28 Oct 2012 04:05:44 GMT

I spoke to a MyFico rep this week and she said it could take up to a month to update because of the CRA's timelines.

Re: ScoreWatch....Really?!

Azumi1 — Thu, 01 Nov 2012 16:10:23 GMT

So I broke down and bought a power report, the two accounts were on there, unfortunately they didn't have the impact I was expecting. My score went up 1 point, even though one account was over 30 yrs old with a perfect payment history and raised my aaoa to 8 yrs. My score hasn't moved much since I was "rebucketed" last month and lost 20 points for no reason. I'll be cancelling my subscription in Dec. This just seems too much like a racket to me.

Re: ScoreWatch....Really?!

llecs — Sat, 03 Nov 2012 05:48:29 GMT

@Azumi1 wrote:
So I broke down and bought a power report, the two accounts were on there, unfortunately they didn't have the impact I was expecting. My score went up 1 point, even though one account was over 30 yrs old with a perfect payment history and raised my aaoa to 8 yrs. My score hasn't moved much since I was "rebucketed" last month and lost 20 points for no reason. I'll be cancelling my subscription in Dec. This just seems too much like a racket to me.

I don't think you would get an alert for the two new AUs because of the backdating. It's looking for new accounts with a new open date, as opposed to a new-old account with an open date of months/years ago.

Re: ScoreWatch....Really?!

gettnthere — Sun, 04 Nov 2012 02:30:04 GMT

@Azumi1 wrote:
So I broke down and bought a power report, the two accounts were on there, unfortunately they didn't have the impact I was expecting. My score went up 1 point, even though one account was over 30 yrs old with a perfect payment history and raised my aaoa to 8 yrs. My score hasn't moved much since I was "rebucketed" last month and lost 20 points for no reason. I'll be cancelling my subscription in Dec. This just seems too much like a racket to me.

Those type of things are going to happen to your report and/or score whether you have a SW subscription or not. Having a service like SW will actually give you an advantage because you will be on top of whats going on with your report instead of blindly guessing IMO.