Are all your alert perferences in place, also if you do have your alerts set for instance if your target score goal score is set for a high score you will not recieve a score alert until the goal is met so I keep mine on a low goal score and increase it slowly to get my score watch alerts also it will instantly alert you when your credit score has dropped
( score watch has no problem to report then) as it hits in a different score band for instance say your credit score was in the 700's then it decreased to 600's you should recieve an alert. If still problems call Equifax
( score watch has no problem to report then) as it hits in a different score band for instance say your credit score was in the 700's then it decreased to 600's you should recieve an alert. If still problems call Equifax
Starting Score: EQ 546 TU 566Thanks for your input everyone.
@tray wrote:
Are all your alert perferences in place, also if you do have your alerts set for instance if your target score goal score is set for a high score you will not recieve a score alert until the goal is met so I keep mine on a low goal score and increase it slowly to get my score watch alerts also it will instantly alert you when your credit score has dropped
I set the alert score to be one point above the actual score. Last week the score grew by 2 points and it did not show up in SW until I used a PS.
This matters to me because in August, my beautiful wife totaled my car. Afterwards, I learned that my credit score had dropped from 702 in November 2008 to a lowly 610. The reason - high utilization and too many accounts with balances (16). In the beginning of October, I paid off $10,000 -all but two Visas and an installment loan. My score has been creeping back up as these 0 balance TLs are reported. My score is now 644 and only some of the smaller accounts have been updated.
In the meantime, I am driving my wife's mini van and watching my score very closely. I have the new car picked out, it is sitting on the lot, the dealer is aware of my situation and as soon as the score is workable I am ready to make a deal. I have a great payment history, with no late payments or collection (ever), so I should be good to go once all the TLs are reported.
When I purchased Score Watch, I really expected it to work, thereby, lessening my anxiety over the situation. Unfortunately, it has increased the anxiety a little.
One thing about the alert process that I wish was different is that once you pull a new report showing a score increase, that report is considered your alert and you won't then receive one. This makes it hard to know if you would have received one anyway.
kabong wrote:
Barry, I appreciate your involvement.
However, I have only received one alert from Score Watch. It came on October 20, 2009 informing me of a 27 point increase. My score increased last week and I DID NOT receive an alert. I only know that my score increased because I pulled a Power Score. So, even if it is monitored weekly as you state, and I have no reason not to believe you, I still have not received an alert since October 20th. I do not think it is fair that I have to pay $10.95 to get an update. Do you?
I only brought up the fact that you received a score change alert recently as a way of pointing out that, while I can't say that SW works perfectly for everyone all the time, it has worked for you recently. And as for it being fair or not to pay for a score update, while I do see your point, myFICO has to pay EQ for every one of these reports so charging for them is pretty much a necessity.
I have added a couple of free reports to your subscription as a courtesy, though, and would suggest the following as a test of SW: pull one report immediately and set your target score to that score. Then don't pull another EQ report for a month (or longer), while waiting to see if you get a score change alert during that time. Of course, your score may not actually change -- for example, mine hasn't moved since Auguest -- but giving it at least a month should be a good test of SW. Then let us know what happens. Or, if you don't want to do this, enjoy your free updates.
