Cap1 CreditWise VS to Fico Change Notice

[firefox100]

Transunion is not updateing for the last several weeks lot of my accounts are not updateing, Wf attune MC has not updated in 3 weeks. Just another thing MY savor credit updated in 2 days after closing date with the new balance.

 Total cl 334.4K.

[Junejer]

I have always been one to acknowledge when I am wrong. I am happy to say that I was wrong about the CW product from CapOne. It has updated twice in the past week with changes to my TU report. After the initial nothing burger, it finally updated. I updated my 3-bureau report from EX tonight and saw that my score went up 3 points to 826. Refreshed CW tonight and got the same result! Looks like it will update more than monthly. Maybe they just had to work out some bugs.

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@Junejer wrote:

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@NoHardLimits wrote:

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@firefox100 wrote:

This morning I check Creditwise to see if my Discover and Wf attune mc has updated through Creditwise, both of the accounts have close in the past week. Credit wise has not ubdated the balance. I went to Annual creditreport and pulled Transunion EQuifax reports and Transuion has not updated balance on both of my accounts then check Equifax report and both accounts have updated the balance. this shows me that creditwise is not at fault they are using transuion data an Equifax updates much faster, I don't this may because both WF and Discover may not report and update to Transunion as fast as they do Transuion.d 

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Nobody is saying that Transunion doesn't always update as fast as Equifax.  That is most certainly true, just as Experian doesn't always update as soon as Transunion for some lenders (Cap One is frequently mentioned).  What I (and others) are seeing is that even after Transunion updates, it sometimes does not result in a timely score update on Credit Wise.

That part. TU has updated the information, because CK has updated it. CW, I believe we will all find out, will only actively update monthly just as Discover does. One thing I noticed this morning is that it shows a reference to my score dropping 4 points since May 29th. 

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[NoHardLimits]

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@Junejer wrote:

I have always been one to acknowledge when I am wrong. I am happy to say that I was wrong about the CW product from CapOne. It has updated twice in the past week with changes to my TU report. After the initial nothing burger, it finally updated. I updated my 3-bureau report from EX tonight and saw that my score went up 3 points to 826. Refreshed CW tonight and got the same result! Looks like it will update more than monthly. Maybe they just had to work out some bugs.

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@Junejer wrote:

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@NoHardLimits wrote:

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@firefox100 wrote:

This morning I check Creditwise to see if my Discover and Wf attune mc has updated through Creditwise, both of the accounts have close in the past week. Credit wise has not ubdated the balance. I went to Annual creditreport and pulled Transunion EQuifax reports and Transuion has not updated balance on both of my accounts then check Equifax report and both accounts have updated the balance. this shows me that creditwise is not at fault they are using transuion data an Equifax updates much faster, I don't this may because both WF and Discover may not report and update to Transunion as fast as they do Transuion.d 

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Nobody is saying that Transunion doesn't always update as fast as Equifax.  That is most certainly true, just as Experian doesn't always update as soon as Transunion for some lenders (Cap One is frequently mentioned).  What I (and others) are seeing is that even after Transunion updates, it sometimes does not result in a timely score update on Credit Wise.

That part. TU has updated the information, because CK has updated it. CW, I believe we will all find out, will only actively update monthly just as Discover does. One thing I noticed this morning is that it shows a reference to my score dropping 4 points since May 29th. 

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I am seeing the same thing.  Credit Wise has provided 2 timely score updates for me since July 3rd.  I was not seeing this behavior last month.

[Varsity_Lu]

I think it has taken them a while to work out the bugs. I know when I first rolled to the CW FICO 8, the simulator didn't work as it should.  It was returning data that aligned with VantageScore, not FICO.  Now it appears to work.  I am about 9 months removed from my newest card which means I should be getting a point bump in 2-3 months.  Before, I had to put 18 months into the simulator before the projected score changed.  Now, if a input in 2 months I get a 10 point bump.  Clearly the old data was VS and this  new data is FICO.

[firefox100]

Ok I just check both Transunion and Equifax with annual creditreport, one thing is creditwise has been pulling soft inquires each day for the last 10 days on Transunion which shows me that every time I check Creditwise they did soft inquiry with Transunion. Was checking my view mastercard with both transunion and Equifax the last time Barclay's bank updated to transunion was on May 9 and Equifax's shows last update from Barclay's bank is June 9 check couple other accounts and transunion is month behind Equifax Transunion so bad in my case.