FICO 3-Bureau Credit Monitoring Issues and Troubleshooting

[Anonymous]

Garbage doesnt begin to cover it. Received an alert my EQ score went up 9 points. Nice right? WRONG! Reason listed is a new interest rate on my 30 year mortgage. Never had a mortgage in my life smh Completely useless

[Anonymous]

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@Anonymous wrote:
Garbage doesnt begin to cover it. Received an alert my EQ score went up 9 points. Nice right? WRONG! Reason listed is a new interest rate on my 30 year mortgage. Never had a mortgage in my life smh Completely useless

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Actually I think you are misreading the alert and the the FICO 3-Bureau Monitoring is right on!  There I said it.  What happened is that your EQ score raised to a level that IF you were to get a mortgage you would get a lower interest rate that you would be getting previously.  So, the alert is saying: Congrats on your new score and BTW now you qualify to a better interest rate if you want a mortgage.

[Anonymous]

I was coming to edit this but I see someones already beat me to it. Slow down little red corvette! Yes you're correct after talking to a representative, who agreed the wording was vague at best and acknowledged my score change has no reason listed with it, thats exactly what it means. Problem is theres no option to click a view details link when using my phone! Now I know better. No more checking score alerts unless on a PC. I was wrong, freely admit it, this product is still half a** and riddled with issues but ill deal

[Lemmus]

...iirc, its an EQ alert notification that is specifically set in the myFico alert choices ...just doing what they were asked to do ...you'd have gotten the same alert with Scorewatch

...while there are certainly major problems with the 3 CRA reports product, this isn't one of them ...imnsho of course

[Anonymous]

Have no idea what imnsho means but since ive already stated I was incorrect I think we can let this matter rest now

[Anonymous]

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@Anonymous wrote:
Have no idea whatimnsho means but sinceive already stated I was incorrect I think we can let this matter rest now

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No, we want to keep talking about how incorrect you were!

Just kidding.  We need to see someone else make mistakes, other than as-usual the 3-bureau "monitoring" service.

[Lemmus]

inmnsho ...in my not so humble opinion ...not ragging on you, our posts just crossed each other

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:
Have no idea whatimnsho means but sinceive already stated I was incorrect I think we can let this matter rest now

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No, we want to keep talking about how incorrect you were!

Just kidding.  We need to see someone else make mistakes, other than as-usual the 3-bureau "monitoring" service.

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How will you ever become a beautiful swan with these types of shenanigans? I may be back with more complaints another day who knows. Would be nice if I could view the updated alert information when looking at my reports side by side but apparently thats not part of the "monitoring" since all I see is old information on that screen. Lesson learned, and its only costing me $59.85  

[Anonymous]

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@Lemmus wrote:

inmnsho ...in my not so humble opinion ...not ragging on you, our posts just crossed each other

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No worries! It happens around here

[daddiggingout]

I purchased the three reports product on Sept 4th after not doing any research into the quality of the product, so shame on me!  Anyway, I proceeded to begin disputing some of the 10 derogs, and managed to have 5 deleted off my TU, leaving a 5 year old auto repo as the single bad mark on this report.  Ecstatic when my TU alert advised of the deletions, I waited days and finally called MyFico and was advised that it was TU's fault.  I then advised the customer service rep that my CK score jumped 125 points with news of the deletions, and suggested that perhaps it wasn't TU's fault but rather on the shoulder's of My Fico.  

So I get a paid score for TU and see that My FICO shows a score of 544, a measly 44 points whereas CK gave me 125 points for cleaning up my report, and again inquire when the alerts/scores might be expected to work given that the numbers are still not quite right and was tol thirty to forty five days!  Fast forward ahead a week and I get approved for a Cap One Quiksilver which Suze Orman suggests to individuals with credit between 600 - 659 and I had an instant approval, which further convinces me that my 679 with CK is accurate.

So yesterday I innocently asked why My Fico was STILL sitting at 544, and all the  My Fico zealots jumped on me with the usual crap over CK being a FAKO blah, blah, blah!  One poster said that while I might not like it, that the My Fico score was indeed correct and suggested that I lucked out with getting the Quiksilver with a 544 score.  Another poster that CAP ONE's score would certainly match My Fico score as they are both true, whereas CK was a FAKO blah, blah, blah...

So, I awoke this morning to find that my CK score dropped to 652, which I assumed would happen as I had two credit inquiries for the two new cards - I forgot to mention I also was approved for a Barclays cc (must have lucked out twice) so 679 to 652 on Ck and when I checked the CAP ONE score it was 652 - an exact match and nothing near the My Fico score of 544.

So needless to say, I feel comfortable in strongly suggesting that everyone hit CK for a weekly score update that is anything but a FAKO.  My new mortgage lender rolled his eyes when I explained how I get jumped on these forums for using CK as he says they are usually within two or three points from what he pulls for a mortgage app!  Mind you, the two or three points probably have to do with the inquiry itself, so it is very accurate.  Sorry for the long rant, but it is so bloody annoying to constantly here the devout dozen or so brainwashed posters go on and on about how well this new product works when it clearly does not.  And as my mortgage lender says, Fico or FAKO has no meaning in the world of credit, but rather FAKO was simply a word Suze Orman coined years ago when she began to roll out the many My Fico products.