myFICO Score Watch with FICO Email Alerts – Review
Score Watch is the set-it-and-forget-it credit score product. This product is a subscription service which unlike many monitoring services pushes FICO credit score updates to you in the form of email and SMS cell text messages.
How Score Watch Works
Typically, a consumer will start using this product by pulling one of the 2 reports available, leaving the 2nd one for a later date. Once you get your report, the Score Watch platform keeps a history of your credit scores going forward and is checking to see when your score changes. But it also allows you to be notified in case you change interest rate qualifying bands.
Score Watch has five tabs that make up the product. The tab that means the most is the settings tab. Here you can set the score you want alerts when you reach that target. Next, you can set targets for account percentage increases, dollar increases (e.g. $500) and notification of usage of inactive cards.
The other tabs track your history and also show you
The company was smart about security in that you get alerts that say “ your score has increased by 11 points” instead of saying “your new score is 726”. This is nice should your email or cell phone be compromised at some point.
This is a great product for someone looking to find out exactly when their score peaks to apply for loans at the best time. It also works well as an ID theft product as ID theft would lead to a noticeable score alert.