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I opened a score watch 22APR and until now (08MAY) have had a total of 4 score watch alerts, all with new accurate scores. I think myFICO is pulling the reports every day. They just make you pay to see the report (which is far more detailed than just a score update.... this is why people will get new reports once in awhile).
golo: "So the score from SW alert is not an accurate updated score? We can conclude?"
no. the score update is accurate. either whatever you had deleted didn't have an effect in relation to your other derogatory items, or it wasn't deleted yet.
I had a lender pull EQ and it was 20 points lower than what score watch is showing me. I received the alert that it was pulled and that my score hadn't changed so I"m a bit confused. Not sure if this matters but it is Home Depot.
@ssp wrote:I had a lender pull EQ and it was 20 points lower than what score watch is showing me. I received the alert that it was pulled and that my score hadn't changed so I"m a bit confused. Not sure if this matters but it is Home Depot.
Home Depot (I'm assuming this was for their card) could've done one of two things (or both)
- Pulled a FICO '08 model (Beacon 9.0 in industry speak, the one here is FICO '04 Beacon 5.0)
- Pulled an industry-specific option, namely a Credit-Enhanced pull.
We can pretty much guaruntee currently that the EQ score from myFico, vis a vis Scorewatch, will be exactly the same score as you receive on your EQ pull for a mortgage application. Beyond that, unfortunately YMMV, but it's still the best score available to customers for that reason alone... and by a large margin I would suggest compared to many others out there which are absolutely useless.