ScoreWatch, you odd little beast...

[Anonymous]

SW alerted me today that the status of two of my collections had changed.. they were PIF two months ago, and it took until this week for them to finally update to a $0 balance, and SW alerted me to the change. It didn't change my score at all, of course... Do I misunderstand what situations warrant an alert and which don't? I thought it didn't alert for changes of collection accounts?

[Schoolbuskid]

I am starting to hate scorewatch/creditwatch because its so slow on alerting you! When i receive the text alert it says " you have a credit score alert" i  always expect a score change and it either letting me know i had an inquiry or account change, etc.

[Anonymous]

School- if you actually have a score change associated with the alert, it will tell you the amount in the email/text you receive.
For example: "ScoreWatch alert (-4)" will be the title
or: "ScoreWatch alert (+35)"

If there is no score difference from the change, it will simply say "ScoreWatch alert" without the difference posted

This way, you don't have to pay for any more pulls when there's no score change associated!

[iamrayl]

ivy, that's not a hard and fast rule, my score went up by 41 points today and the alert didn't mention that.

[Anonymous]

Does anyone know how often the score watch checks for changes in your report? And if so, when is it checked? Thanks

[Anonymous]

iam - was it your EX score or one of the other two?

[Anonymous]

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Guest1808 wrote:

Does anyone know how often the score watch checks for changes in your report? And if so, when is it checked? Thanks

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• Monitors your credit report at Equifax on a daily basis and your FICO® score on a weekly basis
• Notifies you when you reach your target score or when you qualify for a better interest rate
• Alerts you when unexpected changes to your credit report cause your FICO® score to drop
• Provides two Equifax Score Power reports each year

Credit Monitoring

• See your up-to-date FICO® score every time you receive an alert of a change to your Equifax credit report
• Get an alert when your FICO® score changes enough to qualify you for a better mortgage, auto, or home equity loan rate.
• Set a target FICO® score and receive an alert when you reach it.
• Your Equifax credit report is monitored daily for:
  • Newly opened accounts
  • Inquiries from applications for new credit
  • Increases in account balances
  • Changes in account status, such as a missed payment
  • New activity on accounts that were inactive
  • Newly listed public records, such as bankruptcies, court judgments, and tax liens
  • Newly listed collection company records
  • Changes to public records and collection company records
  • Changes to the name listed on your credit report
  • New addresses or phone numbers

http://www.myfico.com/Products/ScoreWatch/Description.aspx

[iamrayl]

ivy it was my EQ report and score. I know the scores on truecredit are FAKOS but at least they udpate immediately, why can't SW be the same? I joined this site back on Apr 14 08 and it's been great, my EQ score has gone from 510-623 in that time. I've been wasting alot of money paying for score power reports. I have to stop doing that because it adds up.

[marty56]

A change in your FAKO score does not imply a change in your FCO score and vice versa.

If the info on your CR pulled from TC has changed since last time, then pulling it from here would show the same change but you might not see a change in your score.

I have never received an alert from TC about a score change and SW is not real time.  I would be suprised to learn that TC was real time.

Message Edited by marty56 on 05-30-2008 04:25 AM

[iamrayl]

Understood, but when you log in to truecredit, your credit files are scanned for any changes and you can pull your credit report every 24 hrs and that also updates your FAKO scores which is what I have been doing (it's like a small addiction). In my experience so far, any change + or - to my FAKO scores has resulted in a change to my FICO scores. So i guess it all varies from person to person.