topic Re: Score Watch?? in myFICO® Product Feedback

Score Watch??

Anonymous — Sun, 10 Aug 2008 23:09:25 GMT

I am new to SW just wondering do they send their auto matic weekly updates on a certain day? I haven't heard anything--not sure it is working

Re: Score Watch??

Barry — Tue, 12 Aug 2008 01:16:44 GMT

TRYINGHARDTOUPSCORE wrote:

I am new to SW just wondering do they send their auto matic weekly updates on a certain day? I haven't heard anything--not sure it is working

Hi TRYINGHARDTOUPSCORE...There are no automatic weekly updates. Alerts are triggered by changes to your credit report and score. If there are no such changes over a month, you'll get an email telling you this. For more info, you may want to check out the Score Watch Guide stickeyed on this board.

Message Edited by Barry on 08-11-2008 06:16 PM

Re: Score Watch??

hoping2rebuild — Thu, 14 Aug 2008 20:41:03 GMT

If I read correctly that scorewatch will alert if there is a change in collection

so if one is removed then I should get an alert? or am I reading this wrong?

Thanks

Re: Score Watch??

Barry — Fri, 15 Aug 2008 04:39:30 GMT

Good question and perhaps that needs to be stated more clearly in the Score Watch Guide. No, you're not alerted when something had been removed from your report. What's meant by a 'change' is that if a collection updates from unpaid to paid you'll be alerted.

hoping2rebuild wrote:

If I read correctly that scorewatch will alert if there is a change in collection

so if one is removed then I should get an alert? or am I reading this wrong?

Thanks

Re: Score Watch??

hoping2rebuild — Fri, 15 Aug 2008 14:16:51 GMT

Thank you Barry for your response

I will wait 2 weeks and pull from here again

to see if they have been removed

Re: Score Watch??

Anonymous — Sun, 07 Dec 2008 21:57:49 GMT

RE: Equifax myFico Score Watch;

Does anyone know if a three month period without any score watch changes is normal? I was getting small Fico score increases monthly for the better part of the last 6 months. Prior to that, my score would bounce up and down by a couple of points monthly. But there was almost always some score activity, for better or worse, on a monthly basis.

But lately, there's been no activity at all. Am I being impatient or is something broken? I have my target score set to my current Fico. And I find it hard to believe that three months can pass without even a 1 point swing in my score. In that time my credit limits have been raised, my bills are current, and my utilization is < 1% .

Any ideas?

Cato

Update: Whoa! Not 60 minutes after this message posted I got the following Score Watch Alert and a 5 point drop in my score. Grrrrrrrrr.

Previously reported Newly reported Account balance: $0 $47
You received this alert because this balance which was previously $0 increased to $47.

A large balance on an account, or balances on many accounts, can be a sign that you may be having trouble paying back debts. Since your FICO® score measures the chances that you will pay back a debt, larger balances or balances on more accounts can lower your score.

"Maxing out" a credit card or other line of credit is when the balance on the account comes close to the account's credit limit. This can dramatically lower your FICO® score because it is often a sign of a consumer who desperately needs credit and may not be able to pay it back.

The drop in your FICO® score caused by a balance increase can be reversed by paying down the balance.

Apparently, having a balance of 47 dollars was seen as a negative. Especially puzzling is that it was paid in full a week ago--a mere 3 days after it posted on my statement.

Well, at least they were paying attention.

But it's stunning that such ridiculously low credit card useage is considered a negative. Tsk.

Cato

Message Edited by cato on 12-07-2008 01:53 PM

Message Edited by cato on 12-07-2008 01:57 PM

Re: Score Watch??

Anonymous — Fri, 12 Dec 2008 06:28:19 GMT

I will be purchasing soon and will be leaving some feedback

Re: Score Watch??

Anonymous — Wed, 17 Dec 2008 00:55:54 GMT

I have a simple question about SW. I paid for the full year SW & the package with the other two scores. It is to my understanding that I get to pull SW 2 X's a year.

Since I only have a few days left in 2008 and one SW to pull, does it roll over to 2009 or is it like "use or lose"?

Re: Score Watch??

Barry — Wed, 17 Dec 2008 01:18:19 GMT

RLL1171 wrote:

I have a simple question about SW. I paid for the full year SW & the package with the other two scores. It is to my understanding that I get to pull SW 2 X's a year.

Since I only have a few days left in 2008 and one SW to pull, does it roll over to 2009 or is it like "use or lose"?

Hi RLL1171....You'll have until a full year from the date you first subscribed to pull that report.

Re: Score Watch??

Anonymous — Wed, 17 Dec 2008 23:27:52 GMT

Ok, so when it is 2009 I will be able to pull 3 x's right?

Re: Score Watch??

holhat — Sat, 20 Dec 2008 07:31:00 GMT

I too just enrolled in the 30 day trial SW. Says $8.95 per mo on website but the email I received after enrolling in free trial says different. Why would I be charged $89.95?? What happened to the $8.95? Am I misunderstanding? I want to keep SW but not for $89.95. ??? Thanks!!

About your FREE 30-Day Trial
A week before your 30-day trial expires, we will contact you by email to confirm that you wish to convert your trial to an an! nual subscription. If you do not cancel prior to the end of the 30-day trial, you will be billed at the annual subscription rate of $89.95 when the 30-day trial expires.

Re: Score Watch??

Barry — Sat, 20 Dec 2008 17:22:30 GMT

RLL1171 wrote:
Ok, so when it is 2009 I will be able to pull 3 x's right?

The calendar year doesn't matter. It goes from the date you first enrolled. So, if you don't pull one before the end of this year you can pull three in 2009. Hope that helps.

Re: Score Watch??

Barry — Sat, 20 Dec 2008 17:29:09 GMT

myFICO Customer Support
holhat wrote:

I too just enrolled in the 30 day trial SW. Says $8.95 per mo on website but the email I received after enrolling in free trial says different. Why would I be charged $89.95?? What happened to the $8.95? Am I misunderstanding? I want to keep SW but not for $89.95. ??? Thanks!!

About your FREE 30-Day Trial
A week before your 30-day trial expires, we will contact you by email to confirm that you wish to convert your trial to an an! nual subscription. If you do not cancel prior to the end of the 30-day trial, you will be billed at the annual subscription rate of $89.95 when the 30-day trial expires.

Hi holhat....Sounds like you inadvertently ordered the annual payment option rather than the monthly. All you have to do to switch to the monthly plan is call myFICO Customer Support and a rep will convert your SW subscription to the monthly billing.

Re: Score Watch??

Anonymous — Tue, 23 Dec 2008 20:26:17 GMT

Does thing even work anymore? I've had the same score since nov 9. Since then i've had at least two creditors report and had one inquiry for mortgage. I've gotten many (at least six) credit alerts, but my score never changes. I've set it as recommended at my current reported score. I used my one power score, and the score comes up the same?? The scores that wells fargo home mortgage pulled for my mortgage app were all about 30pts higher then on this site?

(btw, thx everyone.. these boards are very helpfull and informative)

Re: Score Watch??

Anonymous — Wed, 24 Dec 2008 18:07:42 GMT

My last scorwatch alert was 11/26 almost a month, Usually I get several a month.

Re: Score Watch??

Anonymous — Thu, 25 Dec 2008 04:36:42 GMT

At least you got alerts. I haven't seen an alert in 3 weeks and I know I've had an inquiry and several balance increases since then. I have a monitoring service directly with Equifax free from work for 2 years because of personal information being leaked by one of our benefit providers and I saw serveral alerts on that service.

Re: Score Watch??

Barry — Mon, 29 Dec 2008 23:37:06 GMT

AttaGirl wrote:
My last scorwatch alert was 11/26 almost a month, Usually I get several a month.

Hi AttaGirl....I'd suggest pulling a new Equfax report and score to see if your score has changed since 11/26. We've added a free one to your Score Watch subscription. Then, if it has changed, re-set your target score alert setting to that new score immediately. Also, if there were other changes to your credit report that you weren't alerted to, you may want to let myFICO Customer Support know so they can have it looked into. Good luck!

Re: Score Watch??

Barry — Mon, 29 Dec 2008 23:46:00 GMT

briandor wrote:
At least you got alerts. I haven't seen an alert in 3 weeks and I know I've had an inquiry and several balance increases since then. I have a monitoring service directly with Equifax free from work for 2 years because of personal information being leaked by one of our benefit providers and I saw serveral alerts on that service.

Hi briandor....I'd recommend pulling an updated Equifax report and FICO score so you can check for any changes you should have been alerted to. A free report has been added to your Score Watch subscription. Also, I'd suggest re-setting your target score setting to your newest Equifax score when you do that. Good luck!