USAA CMS vs MYfico for updates

[cd2004]

Does USAA CMS update faster than Myfico? I just paid down my overall CC util from 65% to 37%. I refreshed USAA and the new balances show but then I got my weekly Scorewatch and it says no recent changes to my account for this week. I am pretty sure I should have a pretty nice score increase because two cards went from 74% util to 10%.

[namvet]

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@cd2004 wrote:

Does USAA CMS update faster than Myfico? I just paid down my overall CC util from 65% to 37%. I refreshed USAA and the new balances show but then I got my weekly Scorewatch and it says no recent changes to my account for this week. I am pretty sure I should have a pretty nice score increase because two cards went from 74% util to 10%.

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   YMMV but USAA CMS updates faster than my score watch account.  There appears to be some lag time on both.  You should get a nice bump on your scores with that much of a util reduction.

[cd2004]

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@namvet wrote:

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@cd2004 wrote:

Does USAA CMS update faster than Myfico? I just paid down my overall CC util from 65% to 37%. I refreshed USAA and the new balances show but then I got my weekly Scorewatch and it says no recent changes to my account for this week. I am pretty sure I should have a pretty nice score increase because two cards went from 74% util to 10%.

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   YMMV but USAA CMS updates faster than my score watch account.  There appears to be some lag time on both.  You should get a nice bump on your scores with that much of a util reduction.

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thanks, I am waiting impatiently. I just finally reached low 600's for the first time in years last month so I am hoping to be mid 600's on EQ.

[namvet]

You got a shot  at your target score once all the updates hit your reports.  Patience is the key in all areas of your credit rebuild.  Good luck!

[kjm79]

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@cd2004 wrote:

Does USAA CMS update faster than Myfico? I just paid down my overall CC util from 65% to 37%. I refreshed USAA and the new balances show but then I got my weekly Scorewatch and it says no recent changes to my account for this week. I am pretty sure I should have a pretty nice score increase because two cards went from 74% util to 10%.

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Scorewatch doesn't report balance decreases.  You'd have to pull a new report to see the updated balances.  If the decreased balance changes your score and depending on your score settings, you may get an alert that way. 

[cd2004]

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@kjm79 wrote:

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@cd2004 wrote:

Does USAA CMS update faster than Myfico? I just paid down my overall CC util from 65% to 37%. I refreshed USAA and the new balances show but then I got my weekly Scorewatch and it says no recent changes to my account for this week. I am pretty sure I should have a pretty nice score increase because two cards went from 74% util to 10%.

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Scorewatch doesn't report balance decreases.  You'd have to pull a new report to see the updated balances.  If the decreased balance changes your score and depending on your score settings, you may get an alert that way. 

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yeah, I know that is what I was waiting on the score increase because I am pretty sure I should get one. I got an increase everytime I decrease my balance a little bit and this is the first time I have been able to hit 10% util on 2 cards at one time

[cd2004]

So I finally got my alert today and I only got a 10pt increase, I was expecting more so next statement I will try letting those 2 report zero and decrease the balance on my closed credit card because that util is the only high one at this point.

[drkaje]

Everything I've used updates faster than SW. Since they're using a different furmulation, there's no way to tell what the impact will be. Definitely don't burn a Score Report or buy another one. Doing that only rewards slow updates, LOL!