I have had the quarterly monitoring for a few month and just discovered a glitch that is a little disturbing.
I applied for a AMX BCP on 4/18 thru my AMX Gold card I have been waiting for Transunion to send me an alert about the new account so after 2 weeks from the statement date for the BCP and no alert I paid for a new TU report and the "new" account is on there.
I understand that with AMX backdating that the BCP account is not technically new, but it bothers me to know that someone got get a hold of my AMX information and apply for a new card with them and get the card and I would never know it, the same thing happened with EQ no alert of a new account but I did get an alert that my score had dropped, see below.
My AAoA has not changed since the "new" AMX BCP account showed up with 23 years of backdating.
myFICO TU service is not a credit monitoring service at all. It doesn't alert for anything except if you change your name or address. Thats all that the myFICO people thought it should do.
So why is it when you login its all about ID Theft....in my opinion this issue would be a easy way to grab an account and have fun with it.
They say to check your monitors, IE :
This is the easiest way to manage, monitor and protect your identity and your credit health.
Well. It pulls the TU report 4 times a year and can give you an update with new accounts and balances and other stuff at those times. As far as weekly updates though, I think it is only looking for name and address changes.
Are you saying that TU Quarterly Monitoring doesn't work the same way as EQ Scorewatch does?
TUQM is basically a pre-paid plan to get 4 reports quarterly at a reduced price, with 20% off all future TU FICO reports in the interim if you so choose. YOu don't get any credit or score alerts like you do with SW.