Experian Creditworks vs MyFico

[Anonymous]

Does anyone else use Exp creditworks along with MyFico? Why is there such a delay between the scoring and account updates between the 2? I had a new account added this weekend along with a score change that reflects on Myfico Experian info , but not on Experians website. Wonder what the story is there?

[RonM21]

I use the Experian Credit Monitoring, but not the MyFico. The Experian for me tends to keep right on top of any changes or updates, so that is interesting to here. A lot of times you hear it in reverse, with Myfico being more delayed in updating info. Usually that complaint is because Myfico uses "triggers" for updating to their reports (last I checked), so certain updates may not cause Myfico to update.

[Anonymous]

People who are more familiar with those two credit monitoring services (CMS's) may chime in.  Helpful to them would be the exact dates for the following:

(a) Date account was applied for

(b) Date account was approved

(c) Date that alert for new account first appeared on myFICO

BTW, was (c) an alert for the inquiry or the new account?  Those are different things.  It can often take weeks from Date Opened before a new account will appear on one's report.

Regardless it sounds like the two CMS's aren't differing by much -- just a couple days.  A difference of a few days between the alert features of two CMS's is quite common.  In general I think most people have the most prompt experiance with Credit Karma.

I do not myself use any paid services and rely simply on free tools for scores and reports.  The myFICO CMS is especially expensive (almost $500/year).

[Anonymous]

MyFICO triggers does not update the report, only FICO 8 scores on the dashboard if the trigger causes a scoring change, MyFICO reports will only update monthly/quarterly (depending on your subscription level) or if you purchase another update.

Experian CreditWorks Plus/Premium on the other hand updates daily at 3 AM, it's rare to read a post like OP that MyFICO updates before Experian.

[Revelate]

A few years back (2-3, maybe 4 IIRC) myFICO made some changes to their service to address the delayed reports from Experian specifically, including semi frequent pulls of the data apparently.

I was using the myFICO service back at that time and that resolved most of the issues I had with the Experian service, to where it was reporting even quicker than Equifax which was the gold standard for years out of the 3 bureaus here.  TU was all over the map during the time period.

Generally I would agree the daily pull that EX does of it's data set is probably going to be faster, but there's an interstitial period where sometimes myFICO would sneak in and get it quicker.  Beyond that CMS's aren't perfect, sometimes the information is delayed probably due to data cache refresh problems or other application issues.

[Anonymous]

Another question...
Does MF have a lag in the score clock (or whetever you call it) ? I received a TU score increase alert, and the score increased due to a collection being removed , but.... the clock shows a loss of 22 points in red, and remained unchanged from yesterday's score, but the alert itself indicated a 22 point gain in green, changing the score accordingly within the alert.Not sure what to think

[Revelate]

Honestly not sure what you're referring to as the score clock.

I don't have a subscription here anymore to go check, but generally the alerts have been referencable in my experience, only thing more so is an actual 1B or 3B pull.

[Anonymous]

Sorry, but the "score clock" I am referencing are the round icons at the top of the MF homescreen once logged in that illustrates EQ, TU, and EX credit scores ( showing either red, yellow or green depending on your credit scoring. It finally updated to correlate to the correct score change though.