myFICO Monitoring Alert - dated 7/31 but just received

[Anonymous]

It stated on 7/31 my TU dropped 5 points so I didn't understand it so I pulled a report now (here) and my report and scores dated 8/3 do NOT show a -5 points.

Everything likely ok?  The reason listed in the alert:

• Serious delinquency.
• Length of time accounts have been established.
• Proportion of loan balances to loan amounts is too high.
• Too few accounts currently paid as agreed.

The delinquency is an oldie I am just waiting to fall off.  The last (3) listed is something I know goes away with account aging (my car loan is only a few months old,etc.).

False echo here?

[Revelate]

Pretty much.

It's not worth worrying over a 1-5 point change TBH; yes it can signal something non-trivial vis a vis I just got a TU alert (today, dated 8/2) for +6 when really nothing in my report has changed other than by my napkin math assuming TU calculates first of month as account opening, I went from 35 months to 36 months vis a vis 2->3 years based on the rounding down nature of AAOA that has been espoused over time.

I expect to lose it whenever the first of 3 new accounts reports sometime this month if I'm interpreting it right.

If you have a service like CK you might be able to tease it out with a before and after report, but TBH I save my 1B/3B report pulling for when there's a significant change, like if my mortgage reporting drops me 30ish points on a FICO 8, or maybe once my mortgage reports at all heh.  Have to see what order they come in as, would be nice to isolate what a new mortgage does for one's credit scores across the different algorithms.

[NRB525]

OP, for what it's worth, I find that TU Alerts and score changes in the myFICO monitoring are routinely 3 days late. I just got an alert today (August 3) on TU, dated July 31, which helps me to match up the balances on my accounts as of July 31, including my Freedom card balance, which had been reported by EQ on August 1.

I would not try to mix up alerting services, not try to cross reference them. Even Slate and Discover scores have to be given some slack when comparing to the myFICO scores, though they are not far off.

[Anonymous]

Thanks for the replies.  The reason the -5 scared me is because I knew nothing new was reporting (new CC, etc.), I had no apps to hit TU, and my TU is frozen.  I don't mind paying the $47.xx to get reports here and do it multiple times a month (working on lessening that with my OCD here).

[NRB525]

To clarify, you don't have to pay the $47 (or whatever the mix is) multiple times each month, you can sign up for an Alert feed, so if your score changes, you get an alert (in the case of TU, 2-3 days later, but still part of a stream of information). These alerts are the main changes to your account, so you can see what changes in your account after starting with the baseline CR. The myFICO monitoring also includes "personal profile" monitoring. Mine flagged an email address as being on some black market website, but the portion of password they displayed didn't match anything I've used, so I ignored it.

[Anonymous]

This delay with myfico happens to me all the time. Sometimes I don't hear about changes from myfico until 9 days after they happen. That's why I've canceled it.

[Anonymous]

Experian Credit Tracker lets me know extremely quickly of any changes - like someone trying to open a new account in my name. I don't  need to know that 9 days later!

[Anonymous]

I have experienced the same problem with MyFico. Unfortunately. I love the Forums but MyFico hasn't been updating at all.

[Revelate]

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@Anonymous wrote:

I have experienced the same problem with MyFico. Unfortunately. I love the Forums but MyFico hasn't been updating at all.

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Sadly Credit Karma has been a better monitoring tool for me in the past week with my suddenly busy report than MF.  Wasn't always like that.