How often does ScoreWatch _actually_ look at your report to find changes to accounts, changes to credit scores, etc... ?
I recently refinanced and paid off all my cards. Equifax has the new mortgage account and my score has gone up roughly 40 points. The data appeared on my report about a week ago; I know this from another 3-in-1 monitoring service I subscribe to.. it's right there on the equifax report. But I have yet to receive any alerts from ScoreWatch... no new account alert, no change in score alert... What's going on?
I know equifax has the data because I can see it, from a third party no less. What good is a credit monitoring service if they don't alert you IMMEDIATELY to new activity (or other changes you've configured to be notified for) on your report?
For those who are going to ask... the other service I use because I can update my information once a day.. reports and scores. It does not offer an 'alert' service similar to myFico, but myFico doesn't offer unlimited (daily) free updates. For someone who is closely watching their credit, this is very important. I already pay $8.95/mo for the service, I shouldn't have to pay another 11 bucks when I want to view a new report when I get alerted to something. (which hasn't been happening anyway, so...)
The problem is, the other service's scores aren't Fico scores... though they range from 350-850 just like Fico, they must use their own best guess algorithm because the difference between my Fico scores and what this thing was reporting to me was in the range of 50-60 points. So that's useless, but I keep it around for the unlimited updates.
Frustrating!
Message Edited by Nuggy on
03-18-2007 01:06 AM