topic Re: ScoreWatch in myFICO® Product Feedback

ScoreWatch

dallasjetfan — Sat, 29 Dec 2007 15:54:38 GMT

I have had score watch for awhile and I have some questions. It seems that my score can go unchanged for two or three months at a time. How can this happen if my CCC's are reporting each month?

Re: ScoreWatch

Anonymous — Sat, 29 Dec 2007 16:00:21 GMT

I thought my scores where unchanged for a while as well. I didn't receive any alerts and there was a lot of stuff going on with my CR (CA removed, new card added, bal paid off, etc..). I logged onto my account and saw that I indeed did have changes, just no alerts. You may want to manually check (not by pulling your scores) under alerts. There were three changes made and I didn't get one alert!

Re: ScoreWatch

Anonymous — Sat, 29 Dec 2007 16:01:45 GMT

I had the same question, and I called to ask them and they said that FICO updates the score twice a month. When I asked about the 2-3 months without a score change and my account balances have been going down dramatically , they said I should just wait. It's funny that if you pay the 10.95 to get the score power it will give you a different score. I am loosing faith in the score watch product. But just remember if you want it to update instantly make your balance go up! They will DROP the score in no time.

Re: ScoreWatch

Anonymous — Sat, 29 Dec 2007 16:03:16 GMT

For as important these Fico scores are for everything, the companies that operate them sure are casual about how it works.

Re: ScoreWatch

MidnightVoice — Sat, 29 Dec 2007 16:03:28 GMT

Don't forget to put your settings at the most sensitive level

Re: ScoreWatch

Anonymous — Sat, 29 Dec 2007 16:06:03 GMT

When I called about not updating the score they told me to take the setting off, that could be the problem. I just don't understand the whole thing. doesn't make sense.

Re: ScoreWatch

marty56 — Sat, 29 Dec 2007 16:06:37 GMT

On a hunch I pulled my EQ report and it dropped 15 points. I got a Score Watch email alert about the drop after I had puchased the new score. Go figure.

Other then price, Score Watch is pretty worthless

Re: ScoreWatch

Anonymous — Sat, 29 Dec 2007 16:08:06 GMT

@marty56 wrote:
On a hunch I pulled my EQ report and it dropped 15 points. I got a Score Watch email alert about the drop after I had puchased the new score. Go figure.
Other then price, Score Watch is pretty worthless

My alerts usually come a few days after I notice them on my CR

Re: ScoreWatch

Anonymous — Sat, 29 Dec 2007 16:28:42 GMT

@Anonymous wrote:

@marty56 wrote:
On a hunch I pulled my EQ report and it dropped 15 points. I got a Score Watch email alert about the drop after I had puchased the new score. Go figure.
Other then price, Score Watch is pretty worthless

My alerts usually come a few days after I notice them on my CR

Normally my alerts come a few days after changes too, I don't know what happened this month.

Re: ScoreWatch

dallasjetfan — Sun, 30 Dec 2007 07:05:32 GMT

I am starting to agree that ScoreWatch is pretty useless. For what it costs, I can just pull my CR's twice a year and get a free pull once a year.

Re: ScoreWatch

Anonymous — Sun, 30 Dec 2007 07:08:04 GMT

I agree just pull all 3 FICOS quarterly and manage from there--I plan not to pull mines again tillMarch just pulled in December---too many times and it can get quite costly

Re: ScoreWatch

ccaddict — Mon, 31 Dec 2007 19:50:29 GMT

Funny thing is yesterday I was just about to say the score watch hasn't given me a single alert ever since I signed up a few weeks back.

Got an alert.. and score went up 16 points to 679.

Just going to use tc to monitor reports and hope once in a while sw comes up with some alerts.

Re: ScoreWatch

dallasjetfan — Tue, 01 Jan 2008 06:11:35 GMT

I decided to give TrueCredit a try. It lists all 3 scores. It lists my TU=575, EX=562 and EQ=597. My ScoreWatch lists my EQ=643. What's the point in even trying to monitor reports when there is such a huge discrepancy???

Re: ScoreWatch

haulingthescoreup — Tue, 01 Jan 2008 13:28:57 GMT

@dallasjetfan wrote:
I decided to give TrueCredit a try. It lists all 3 scores. It lists my TU=575, EX=562 and EQ=597. My ScoreWatch lists my EQ=643. What's the point in even trying to monitor reports when there is such a huge discrepancy???

I guess I don't understand why you would care what scores are showing on TC. They're complete garbage. My FICO TU just dropped 34 points, and TC didn't twitch! And you have a TC EQ FAKO that's almost 50 points lower than the real thing.

Great for reports, I use it all the time, and it has been invaluable for seeing when things get posted and changed. But I rarely look at the scores, and I especially don't look at the advice that you get on the scores. If you follow some of it, you can really do a number on your FICO scores.

Other than for satisfying curiosity (and I don't have much self-control in that dept, lol), none of us need to know at all times what our exact FICO's are. When we're getting ready to app for things, and need to know where we stand, then yes. When we've done some major clean-ups and we want to see the results, sure. Otherwise, keep an eye on your TC reports rather than scores, and know that if you're doing the right stuff on your credit, your real scores will reflect it when you do pull them. (And be sure to give it a couple of days after a big change to pull scores. The CRA's can be draggy in letting FICO know about these things.) Good luck!

Re: ScoreWatch

haulingthescoreup — Tue, 01 Jan 2008 17:26:52 GMT

I was just reminded by a post over on General credit: before you cancel, be sure to save and print out all your reports first, because they will go away. (Just as my EX's and TU's go away after a month now.)

Re: ScoreWatch

Anonymous — Tue, 01 Jan 2008 23:36:05 GMT

I signed up for score watch on 12/14 and when the CCC's reported a week later my UTIL went up $1000 because of Christmas. Anyway, my score stayed the same. It has been a week since then and still no change in more score. I have no complaints about the trial to date, but it's still early.

Re: ScoreWatch

Anonymous — Sat, 05 Jan 2008 04:48:27 GMT

ive been using this site for a few months now.. very happy with the results. if you set up your alerts right, it will notify you when balances go up, after you use your card. it helps in case you didnt use it.(fraud). the score watch is good .if your settings are for the 700 club, youll be notified when you get to that point. i would check out this site all the time for info such as this ..ive been educated about alot of stuff i never knew. keeping credit balances down will raise your score, i only wish i could get all three scores without having to pay everytime. eguifax is the only agency that alerts me and informs me of a score change via email. ive had my scores go up drastically with the methods i have learned from this site.. dont ever be late, pay down debt,dont open new credit cards, no big purchases on credit before applying for a house.. don't go buy a new car before applying for a home loan.. your fico will suffer from the added debt....my equifax score is at 739 as of this month, i have no idea what my scores are at the other two unless i purchase them.. last i checked trans was 712 and experian was 689... why the difference i dont know.. ill just keep doing what im doing.. it seems to work.. happy fico hunting..

Re: ScoreWatch

ScarletFever — Thu, 26 Mar 2009 23:36:48 GMT

Scorewatch is a scam. For the third time, I was suckered into buying one of their discount promotions.It will be the last. MyFico is the AIG of the credit world. I received the same score that I had bought 2 1/2 months ago. Please, no lectures. We all get how scoring works. No new significant increases in cc balances,no inq, no new credit, and three months worth of reductions on monthly balances on two loans. We always hear about how there are several factors regarding your score. However, if it is in your favor, MyFico all of a suddem is silent. Then you have to fight them to update a score.I"ve had enough, I am going to report this scam to the authorities.

Re: ScoreWatch

Anonymous — Fri, 27 Mar 2009 00:00:42 GMT

@ScarletFever wrote:

Scorewatch is a scam. For the third time, I was suckered into buying one of their discount promotions.It will be the last. MyFico is the AIG of the credit world. I received the same score that I had bought 2 1/2 months ago. Please, no lectures. We all get how scoring works. No new significant increases in cc balances,no inq, no new credit, and three months worth of reductions on monthly balances on two loans. We always hear about how there are several factors regarding your score. However, if it is in your favor, MyFico all of a suddem is silent. Then you have to fight them to update a score.I"ve had enough, I am going to report this scam to the authorities.

I think you would have better luck with a chargeback from your credit card company.

Re: ScoreWatch

llecs — Fri, 27 Mar 2009 21:15:56 GMT

ScarletFever wrote:

Scorewatch is a scam. For the third time, I was suckered into buying one of their discount promotions.It will be the last. MyFico is the AIG of the credit world. I received the same score that I had bought 2 1/2 months ago. Please, no lectures. We all get how scoring works. No new significant increases in cc balances,no inq, no new credit, and three months worth of reductions on monthly balances on two loans. We always hear about how there are several factors regarding your score. However, if it is in your favor, MyFico all of a suddem is silent. Then you have to fight them to update a score.I"ve had enough, I am going to report this scam to the authorities.

I'm not going to defend SW on most points. Certainly has its flaws and could use a good overhaul. But based on what you just mentioned, I don't see why your score would change at all, assuming your CC balances didn't go up and down by large margins during that period.