Current credit scores no longer available from Scorewatch

[Anonymous]

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MidnightVoice wrote:

But if I do that it should alert me the next day that I have reached my target.  If it goes below or above, I will not have reached my target.

Or is it just peculiar?

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Yes, it's just peculiar.  It's not logical, but the way I described it does work.

I don't know the why it works, but my theory is that if your score is 750 and you set your target score to 750, then your score changes to 749, for example, the system sees that you have moved past your target score, so it sends an alert.  The same happens if your score changes to 751.

Like I said, even though it might not make sense, it does work, and it's a way to replicate the functionality that is being lost.

Message Edited by cheddar on 07-08-2008 10:54 AM

[MidnightVoice]

Only a computer would assume I was aiming for a lower score! 

[Anonymous]

Anybody considering switching to another service for monitoring?

I only get my Equifax score with ScoreWatch and there has always seemed to be a week delay, I had Transunion monitoring and I'd see a change on my report then I'd get a text message a week later from MyFico as though it was realtime.

Maybe taking off the "any change" option will fix this, but I still don't like that I have to cancel every three months to get a new report when another product could tell me what the specific change was with the monthly fee.  Anybody else feel jaded with the ScoreWatch product and thinking about jumping ship?

Transunion has all three reports with Fako, right?  I guess the Fako would still be a way to gauge my score.

FICO also has FICO II and other score calculators that I'm not getting, since I'm not getting the end all, I might as well get FAKO.

Message Edited by wondering on 07-08-2008 11:39 AM

[Anonymous]

I have Scorewatch through EQ and I have not received ANY alerts since 4/1/08.   In the meantime, I have opened up 2 cards and have an EQ INQ from one of them.   I guess my score dropped, but I cannot determine what it is.

So.......I will be pulling the EQ score soon to reset my score.  I sure hope this works or it is time to cancel.

Regarding Scorewatch itself, how does it know your score changes?   Does it automatically run your score once a week, but doesn't communicate unless it changes?   

I long have been a critic of the lack of creativity and imagination in the FICO score related products out there.  It seems to me that EQ or myFICO would need to run your score everytime something changes (inquiry, new account, pay down of high UTL) to determine your score, then ONLY disclose it if it meets the criteria the user has set.

I would certainly think that there are many out there who would gladly pay $10 or even $20 a month to have a weekly score update, or an e-mail saying that "there has been no change to your FICO score".  Rather than playing this guessing game we do with Score Watch.

It's the best product of a sorry lot, but a sorry lot it is indeed.   This is one topic that no one should be defending either myFICO or EQ on.

[Anonymous]

I would definitely pay money each month to be informed about my credit score. The other alerts are meaningless to me because I track my accounts often enough that I already know if I have a balance increase, and as for alerting me to new accounts opened, the feature is a joke. I opened an account in Sept 2007, and myFICO was telling me about it in June 2008, as though this was news.

In regard to the other posters' comments about various tricks to get an alert, the way I see it is, if I'm paying $8.95 a month, I should not have to know some tricks or play any games to get the information I want. I really think this whole credit score thing is getting a little out of hand. I guess the information the scores provide to creditors is valuable, but why do we have to feel like we're engaging in a chess match to prove how trustworty we are?

I'll never get over how, when I paid $2000 on my Visa balance last year, which brought my balance  to 30% of my available credit, FICO gave me nothing, but when a balance went from $250 to $500, with a $6500 credit limit, they took away 8 points. Come on! What's going on here?

Not only that, they keep lowering what the max acceptable usage of the credit limit should be. When I first signed up, they told me it was 40% or less. Then it was 30%. Now it's 10%. I want a great credit score but I'm tired of playing their stupid games.

Message Edited by minonda on 07-08-2008 01:27 PM

[Anonymous]

I got the same email too. I'm already ticked off at My FICO/Equifax, because several changes have been applied to my EQ reports (according to True Credit) and I have never once received a notice from My Fico to alert me to a score changes. I have my settings set to the most sensitive settings, and still nothing. My EQ Fico Score is still where it was on June 26th when I first signed up for the trial... as if my score hasn't changed at all.

I'm trying to save my free SW EQ report for when all the changes have been applied to my reports, but on July 2nd, I broke down and ordered my TU and EX FICO scores from My FICO. At that time, various changes have already boosted my TU and EX scores up about 100 points each. Since July 2nd, I've had more 3 collection accounts removed from all reports... so my scores should be even higher now. Still, My Fico is reporting no changes to my EQ score at all since June 26th... despite several changes which should have improved my EQ score a ton.

I don't understand why I should subscribe to this service, if I need to purchase new reports to see how my score is changing... I was the impression that's what SW was supposed to do: monitor my score as it changes. If SW won't actually do that, why buy the service? In other words, when purchasing 'Score Watch' ... exactly what services are you supposedly paying for, if it's not to 'watch your score'?

Some people can't afford to subscribe to SW, if they still need to pay for new reports every time they want to see how much their score has changed. Like me, I'm waiting on these scores to come up day by day right now, because I've got the mortgage lender standing by, waiting for me to pass a certain threshold. I won't need to watch it this closely in the future... but right now, when I do need it... it appears not to be working at all. It just ticks me off that SW hasn't sent me a single alert yet... I know that score has changed.

[marty56]

I can see it now.  Your get an email from Score Watch saying that IF we were going to send you a score change notice, we arent going to do so.

Since IF is the operative word, I suspect many if us wouldnt notice the problem anyway.  Score Watch could then say the few users were effected by the problem and that would be true.

[Anonymous]

i have never rcvd a sw alert that wasn't based on an event (inq, balance change, new account, etc..) and then only two days after the fact, so at least for me there will be no change.

[Anonymous]

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minonda wrote:

I would definitely pay money each month to be informed about my credit score. The other alerts are meaningless to me because I track my accounts often enough that I already know if I have a balance increase, and as for alerting me to new accounts opened, the feature is a joke. I opened an account in Sept 2007, and myFICO was telling me about it in June 2008, as though this was news.

In regard to the other posters' comments about various tricks to get an alert, the way I see it is, if I'm paying $8.95 a month, I should not have to know some tricks or play any games to get the information I want. I really think this whole credit score thing is getting a little out of hand. I guess the information the scores provide to creditors is valuable, but why do we have to feel like we're engaging in a chess match to prove how trustworty we are?

I'll never get over how, when I paid $2000 on my Visa balance last year, which brought my balance  to 30% of my available credit, FICO gave me nothing, but when a balance went from $250 to $500, with a $6500 credit limit, they took away 8 points. Come on! What's going on here?

Not only that, they keep lowering what the max acceptable usage of the credit limit should be. When I first signed up, they told me it was 40% or less. Then it was 30%. Now it's 10%. I want a great credit score but I'm tired of playing their stupid games.

Message Edited by minonda on 07-08-2008 01:27 PM

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Minonda-

Your comment about "engaging in a chess match to see how trustworty we are" was a bullseye! I have 25+ years of ZERO late payments on anything, but still, it was like pulling teeth to get my mortgage last year. My score went to 805, but then lost 19 points because I had a $46 current balance on one Visa on the day it got checked!

The mortgage was all I really cared about- I'm good to go for the next 30 years, but this deal of jumping through SO many hoops after a quarter century of 100% responsibility (which WASN'T easy) still rubs me the wrong way!

Thanks for the good post- Vic