Difference Between Quarterly and Monthly Reporting

[Anonymous]

        Some months ago I switched from the Monthly Reporting Score Watch to the Quarterly Report --from what I understand the montly report comes via Equifax and the quarterly via Transunion., with the monthly report I could barely sneeze(small purchases under $100 for eg) and I would receive a score watch alert but since switching all I ever get is the usual email saying No Change despite the fact that I charged a fairly expensive Ipad2 as a birthday gift for my daughter amongst other things--has anyone else experienced this?  I am beginning to wonder about how acurate this quarterly service is!.

[llecs]

FICO Quarterly Monitoring (TUQM) is much different than ScoreWatch. SW alerts you to balance increases, changes in accounts, added baddies, and score changes provided your target score is correctly set. On the otherhand, TUQM doesn't alert you to these same items. It doesn't monitor your TU for changes, and the only alerts are for demographic-like changes like changes in your name, SSN, phone number, etc. Like the name of the product, it only alerts you to FICO changes on a quarterly basis when you get your new report.

[Anonymous]

      Thank you so much for that detailed explanation. I had been under the assumption that they were similar   I think I will go back eventually to the montly report . Equifax at least when you have a challenge to incorrect information on your report at least allows you to state why ? with Transunion there does not seem to be that option. I have requested Transunion to delete my ex husbands P.O. Box from my credit report (I never used this box during our marriage) but lo and behold when I receive my next scheduled report there it is back again grrrrrrrrrh.

[llecs]

---

@Anonymous wrote:

 I have requested Transunion to delete my ex husbands P.O. Box from my credit report (I never used this box during our marriage) but lo and behold when I receive my next scheduled report there it is back again grrrrrrrrrh.

---

When you have a credit account, that account will update from time to time (monthly for most). When they update, the creditor wull update the balance, payment history, etc. They'll also update the address they have on file with you. So, if you dispute to get the address corrected with TU, that creditor would unravel what you and TU did when that creditor updates next. You might want to go back and see if there are any old accounts updating of which you opened using that old address. Also, I don't know if this is reporting on EX at all, but if you pull your free report from annualcreditreport.com, your EX report will list a demographic code next to each TL. You can use that demographic code and back track to see who'd reporting that old address. I don't recall that EQ or TU have that feature.