I had a collection drop off EQ & EX around 1st. I haven't seen an update from MF yet. I wanted to see if there is a score change but because of no changes I don't see any updates.
Any idea how long before MyFico will get that update?
I think it changes everyday specially when new account, new inquiry added, new age credit, something drops etc... but you dont get a new score till a month? and it updates too when the creditor reports it.
FICO 8: 1/1/16 / 12/30/2016 [EQ: 518/681] [TU:522/714] [EX: 535/689] TCL: $108K INQ: 138 between the 3 NO MO CARD FOR ME
|Total CL: $304.1k||UTL: 3%||AAoA: 6.8yrs||Baddies: 0||Other: Lease, Loan, *No Mortgage, All Inq's from Jun '20 Car Shopping|
That's kinda stupid. Why would I want to keep on paying for the monthly service if they are slower all the times?
Is there a schedule that MF follows? Like we pulls every nth day of the month? (don't need an actual date).
Your call to make. Always make sure you understand the tools you're using. myFICO doesn't update on fixed intervals. It is a trigger based service. The triggers are frequently discussed but here's a link:
Only trigger activity will cause an update. Not all activity with a scoring impact is a trigger. You'll see an update from myFICO when there's an update on the report that is a trigger for myFICO.
If you want fixed update intervals then myFICO is the wrong tool for the job. If you want FICO 8's then consider a service like CCT. Don't overlook the existing discussions on monitoring services and FICO sources.
kinda disappointed with myfico but what to do this is the only place to get your real score straight from the horses mouth
That is incorrect. myFICO is not the only source for FICO's. Don't overlook all the existing discussions on other monitoring services and sources of FICO's. Don't rely on oversimplifications such as "real". Always consider the specific scoring model and CRA for any given score. Also consider the relevance of a given model/CRA combo to a given creditor/product as they do not all use the same model and CRA and only the model/CRA combo used in the decision is relevant.
As an example, a TU FICO 8 is a TU FICO 8 regardless of source. myFICO, Discover, Barclaycard, etc provide TU FICO 8's and they are the same model & CRA. As long as the report data doesn't differ enough from the time one of those scores is generated to the time another one of them is generated they will produce the same number.