Is the FICO from Experian.com day-to-day accurate?

[Azza]

Hey all, been monitoring my credit for a little over a week now. I'm fascinated. MyFICO shows my Experian score to be much lower than Experian's FICO score.

My Experian.com FICO says as of today my score is 698. (eyy!) Versus my MyFICO score which says it is 676. Report was generated on 2/24/17.  

What could be causing this?

Also, if the Experian website is more up-to-date, I might subscribe to it monthly so I can get real-time updates to my Experian scores. MyFICO only updates quarterly, but has a much larger suite of scores available.

[SouthJamaica]

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@Azza wrote:

Hey all, been monitoring my credit for a little over a week now. I'm fascinated. MyFICO shows my Experian score to be much lower than Experian's FICO score.

My Experian.com FICO says as of today my score is 698. (eyy!) Versus my MyFICO score which says it is 676. Report was generated on 2/24/17.  

What could be causing this?

Also, if the Experian website is more up-to-date, I might subscribe to it monthly so I can get real-time updates to my Experian scores. MyFICO only updates quarterly, but has a much larger suite of scores available.

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Yes. From my experience it's the closest to real time of any score I know. I do in fact subscribe to it and find it very useful.

[Anonymous]

Am I understanding you right that the two scores were drawn 7 days apart?  If so, something could have changed on the report.  For example, one thing that changed for certain is that on March 1 all your accounts aged by one month.  One or more CC balances could have changed.  Etc.

In trying to assess what credit monitoring system (CMS) is right for you, you need to first identify what you are trying to do.  Then you can select the cheapest CMS that will help you with that.  For example, are you trying to watch your scores in general over time to make sure they are going up?  If so, checking your score every day is probably of no value and indeed can be counter productive, ;leading to you getting worried about daily or weekly fluctuations rather than focusing on best practices and general trends.

There are cost-free methods of getting your FICO scores each month and your credit reports even more often than that.