@Way wrote:Good Morning All -
I'm confused by how often and/or what triggers credit monitoring updates. I subscribe to Fico Premier which is relatively pricely, but all of my free credit monitoring services are generally well ahead of Myfico and I'm curious why? I'm not so much concerned about inquiries and more concerned about balance change / pay down updates. For example, I paid an Amex that reported a 2k balance last month (thx to the statement date change for the short month in Feb) to zero. CreditKarma had it updated Monday and it should've have been substantial enough to drive at least a few points, but I still have no alerts or changes to TU here on Myfico. I've noticed this general trend over the past several months. Are my expectations out of line? Is there an interval or trigger I need to understand? I'm paying $40/month to make sure I have a legit score, but feel like I'm getting more out of the free services in terms of day to day change.
I can't justify the $40; I think it's a ridiculous price. I wish they gave you more value for the dollars.
What you are getting, reliably, is a whole raft of FICO scores, across all 3 bureaus, once a month.
Basically the only other thing you're getting is hit and miss, a collection of occasional time-delayed alerts on certain subjects, with your then current FICO 8 score tacked onto them.
For $10 a month I get an Experian service, which gives me daily updates of my credit reports and 7 FICO scores based on Experian data. I find that much more useful. I wish MyFICO -- for the $40 -- gave me daily updates of the scores and the reports; then it would be worth the money in my opinion.
@SouthJamaica wrote:For $10 a month I get an Experian service, which gives me daily updates of my credit reports and 7 FICO scores based on Experian data. I find that much more useful. I wish MyFICO -- for the $40 -- gave me daily updates of the scores and the reports; then it would be worth the money in my opinion.
Experian has a $10 per month plan? Interesting, I just checked and the only plan I see is $19.99. For that I'm thinking the ExtraCredit $24.99 plan from credit.com is a better deal. What am I missing?
It would be really nice if myFico would spend more time fixing the reporting issues (i.e. scores not updating etc) rather than just trying to make the website look prettier.
I've cancelled my subscription and switched to Experian's offering. I won't get the TU score updates throughout the month but at least I don't have to wait once a quarter to get my EQ score to update so it balances out.
@Horseshoez wrote:
@SouthJamaica wrote:For $10 a month I get an Experian service, which gives me daily updates of my credit reports and 7 FICO scores based on Experian data. I find that much more useful. I wish MyFICO -- for the $40 -- gave me daily updates of the scores and the reports; then it would be worth the money in my opinion.
Experian has a $10 per month plan? Interesting, I just checked and the only plan I see is $19.99. For that I'm thinking the ExtraCredit $24.99 plan from credit.com is a better deal. What am I missing?
I don't think you're missing anything. It's possible that my plan, which is called "IdentityWorks℠ Plus", is no longer being offered, or perhaps it's offered but not promoted and you need to call up to get it. It's 9.99 mo. plus tax.