credit monitoring sites

[Anonymous]

I signed up for "Privacy Matters" through my bank (Bank of America) whic allows me to view scores and reports from all three reporting agencies. Does anyone know if this is a true FICO score or is it the FAKO score?

Any help would be appreciated.

[Anonymous]

You'd do better with True Credit as that one does not allow pulls on demand.  True Credit is 14.95/mo and you can oull all three anytime you want

[SoulSmilen]

Privacy Matters could change their name to "Robbery Matters." They charge double for only a monthly pull than what TrueCredit does for daily pulls. (However don't get caught up in daily pulls; it's not good for the psyche (LOL) and will make your credit file huge in time.

[Anonymous]

Sorry about this one. The monitoring service that I signed up for through my bank is Privacy Assist, it is actually sold as a service for identity fraud, but you can also check your scores and reports. Does anyone know if it is an accurate FICO score (I had read something about a "FAKO" scoring system used by "True Credit" that was not what was being used by lenders - as FICO is).

Thanks

[Nuggy]

When you say that daily pulls can make your credit file grow.. can you please expand on that a little? They can grow in what way?

I thought that since we were pulling our own credit reports, that these pulls were visible only to us (even thru TrueCredit, the pulls I've done don't show up as inquiries or anything).

I guess the bottom line is... what is at risk? Are we simply creating more data for their database to hold? Will a creditor potentially be able to see this activity and look upon it unfavorably? Or will it just take up more space on some printed report somewhere?

Any additional info would be helpful, as I've been pulling mine every 1-2 days from TC and would like to know exactly what problems I could face if I continue to do so.

Thanks!

[Anonymous]

If yuo're taliking about the product from BOFA it is the same one I mentioned above.

[Anonymous]

---

Nuggy wrote:
When you say that daily pulls can make your credit file grow.. can you please expand on that a little? They can grow in what way?

I thought that since we were pulling our own credit reports, that these pulls were visible only to us (even thru TrueCredit, the pulls I've done don't show up as inquiries or anything).

I guess the bottom line is... what is at risk? Are we simply creating more data for their database to hold? Will a creditor potentially be able to see this activity and look upon it unfavorably? Or will it just take up more space on some printed report somewhere?

Any additional info would be helpful, as I've been pulling mine every 1-2 days from TC and would like to know exactly what problems I could face if I continue to do so.

Thanks!

---

It can make youre file too large to be read properly, something called file splitting.  There is a thread about True Credit issues somewhere.  Causes all kinds of gremlins like losing half of your reported history.

I believe it can be corrected if you call to have the file merged but it can play havoc with the scores your lender receives

[Anonymous]

Walmart offers True Credit 3 in 1 for $11.21/month. Only MyFico has the real FICO scores. Anything else is FAKO.

[Anonymous]

"and will make your credit file huge in time"

There are no real downsides to that though. And in fact that has benefits.

[Anonymous]

---

okrogius wrote:

"and will make your credit file huge in time"

There are no real downsides to that though. And in fact that has benefits.

---

Once your file gets to a certain size, the file can spli meaning you have two different files.  Which one anyone gets is up in the air.  Would you really want your creditors pulling up nothing but your negatives? You can lose half of your reporting history seriously damaging the age of your accounts.  It can be too large to pull online, so no instant approvals.  Is can get really screwy and cause good accounts to be listed as bad, etc, etc...