topic Re: 3-Bureau Credit Monitoring in Rebuilding Your Credit

3-Bureau Credit Monitoring

Anonymous — Thu, 02 Oct 2014 12:50:34 GMT

Does anyone know how often your actual report gets updated with this service? I know you score changes (updates) with each alert but only gives you information about that one alert nothing else, so I was wondering when does MyFico actually update your report?

Re: 3-Bureau Credit Monitoring

Anonymous — Thu, 02 Oct 2014 13:14:29 GMT

I was wondering the same thing

Re: 3-Bureau Credit Monitoring

Anonymous — Thu, 02 Oct 2014 13:20:01 GMT

I hope it updates the reports...I know under my report it says its good till 10/8 so maybe thats when they will update it. Like over the weekend I received a alert that my balance decreased on one of my cards but I also had 6 collection accounts deleted over the weekend. I know the score will reflect thay when it pulls the new score for the balance change but when do I get a updated report showing the collections not there.

Re: 3-Bureau Credit Monitoring

joedtx — Thu, 02 Oct 2014 14:37:36 GMT

@Anonymous wrote:
Does anyone know how often your actual report gets updated with this service? I know you score changes (updates) with each alert but only gives you information about that one alert nothing else, so I was wondering when does MyFico actually update your report?

You have a VERY valid question. I have gone thru all of their marketing infomation and it is amazing how poorly conceived the product information is, i'm sure there's more to the product than we are aware. I'm liike so many others interested in what they have to offer yet the message is a singular bold statement that lacks direction and offers no details and specifics even the FAQ's and insultingly preconceived questiions that provide little insight and no direciton.

Re: 3-Bureau Credit Monitoring

bkelly906 — Thu, 02 Oct 2014 19:51:48 GMT

On the menu to the right of my scores it says next scheduled report for FICO Score 3-View Report is 9/3/2015.

Sounds like only one per year if you keep the subscription that long. I haven't been receiving alerts as they are happening and plan on cancelling when my 3 months are up anyway.

This product is not worth the $20 per month the way it is working now. At least not for me anyway.

Re: 3-Bureau Credit Monitoring

Anonymous — Thu, 02 Oct 2014 20:26:53 GMT

Agreed. I spoke with a rep on the phone today who said it could take 30-45 days for new information at the CBs to reflect on myfico's score. Very irritating!

He also said that nothing on the lefthand bar (detailing things in your report) will change until a new report is purchased. I feel like this was marketed making it seem much more helpful than it actually is. For those of us actively working on improving our credit, especially on a timeline, seeing the changes as they happen is the whole point!

Re: 3-Bureau Credit Monitoring

bkelly906 — Thu, 02 Oct 2014 20:42:39 GMT

Mouse512....You are absolutely correct!! I get quicker alerts from the free sites and an updated TU report weekly from Credit Karma. I don't pay attention to the scores from there but the report seems to be accurate.

Re: 3-Bureau Credit Monitoring

Anonymous — Thu, 02 Oct 2014 22:04:38 GMT

Oh wow...I didnt know that...it is a waste of money now. I mean knowing my real scores is a good thing but my main focus now is cleaning up and deleting so having updates to my report are what I need. I know as I am cleaning up my report that my score should go up with it so im not to concerned with the score. After 3 months im cancelling unless they start giving report updates. Thanks everyone.

Re: 3-Bureau Credit Monitoring

Whitneyy — Thu, 02 Oct 2014 22:17:16 GMT

@Anonymous wrote:
Oh wow...I didnt know that...it is a waste of money now. I mean knowing my real scores is a good thing but my main focus now is cleaning up and deleting so having updates to my report are what I need. I know as I am cleaning up my report that my score should go up with it so im not to concerned with the score. After 3 months im cancelling unless they start giving report updates. Thanks everyone.

I agree!

Re: 3-Bureau Credit Monitoring

empiror22 — Thu, 02 Oct 2014 22:43:25 GMT

The reports are updated once per year, but my alerts and score updates or changes everytime my accounts change. example i added a new card recently, so one HP showed, score dropped 2 pts, later new account dropped score by 2 pts or so. .... then i had a few balance changes, updated score within a few days of billing date of said credit cards. it has been pretty good , just wish it had report pulls 3 or 4 times a year..... I only have it as i'm trying to soon (ish) get a home loan and new car.... as well as have a few old bad accounts drop off (in the next 6 months or so).