Credit monitoring

Get credit card fraud help: For victims of credit card fraud and identity theft, and those that can help.
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amex007
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Credit monitoring

Postby amex007 » Mon Apr 20, 2015 10:08 am

Do any of you pay for any of the credit services like myFico or experian etc?
Or is the most reasonable approach to use credit karma since it's free?

I was thinking of maybe getting a no AF capitalone cc so i could use their free credit tracker that comes with their cards. Maybe a VentureOne or Quicksilver, dunno if it's worth it as I dont have a use for those cards..
:confused:
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OldMan
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Postby OldMan » Mon Apr 20, 2015 12:04 pm

I use the free credit monitoring with CK and Credit.com to keep tabs on my reports. I also can see my score through the Discover card. Unfortunately I was caught in a couple of the data breaches, (Target and Home Depot) so I was given ID Monitoring for free for two years.
My Wallet:
Discover IT - $4000;
AMEX BCE $12000;
Citi Double Cash - $6600;
CHASE AARP Visa - $5000;
Banana Republic $1200;
NFM - $20,000;
Sears (Citi) MC - $6000;

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lobbythis
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Postby lobbythis » Mon Apr 20, 2015 12:15 pm

I have the myfico. Works for me.

I just do it because I just don't feel free services can be 100% reliable at all times. And CapOne is not always accurate.

JamesMS
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Postby JamesMS » Mon Apr 20, 2015 12:39 pm

amex007 wrote:Do any of you pay for any of the credit services like myFico or experian etc?
Or is the most reasonable approach to use credit karma since it's free?

I was thinking of maybe getting a no AF capitalone cc so i could use their free credit tracker that comes with their cards. Maybe a VentureOne or Quicksilver, dunno if it's worth it as I dont have a use for those cards..
:confused:


I have CK and monitoring through Capital One. I only use these to keep track on what is on my report, not my score.
Main Cards:
Amex BCE
Amex Everyday
Bank of America Cash Rewards
Chase Freedom
Capital One Quicksilver
Citi Thank You Preferred

Spark Cash Back (Business), Amex Plum (Business)

amex007
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Postby amex007 » Mon Apr 20, 2015 3:39 pm

Thanks for the info. Guess I'll hold off for now though. I hear amex is going to allow people to view their FICO score but not until a little later.
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takeshi
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Postby takeshi » Tue Apr 21, 2015 7:57 am

amex007 wrote:Do any of you pay for any of the credit services like myFico or experian etc?
Or is the most reasonable approach to use credit karma since it's free?

Some use one, the other or multiple. You have to determine what's "reasonable" for you based on what you need/want and what you're willing to spend.

I only use monitoring if I'm really worried about apping for something and want to time the app exactly right but the last I time I did was back in 2013. Now I just use CK to monitor my TU and EQ reports.

EIDT seems to be one popular option mainly because of its low price and daily pulls. However, it typically takes them several days to get an account setup, the interface is kludgy and IMO they seem like an amateur/shady operation though I never had problems aside from the frustration over "daily" literally meaning every 24 hours.

USAA's CCMP is another popular solution but the standard offering doesn't include daily pulls. It seems to be popular because many have negotiated lower rates on daily pulls.

If you want FICO's from all 3 CRA's then you have to go with myFICO.


Don't overlook discussions on monitoring services here and on other credit sites as resources as monitoring discussions are fairly common.

amex007 wrote:I was thinking of maybe getting a no AF capitalone cc so i could use their free credit tracker that comes with their cards. Maybe a VentureOne or Quicksilver, dunno if it's worth it as I dont have a use for those cards..
:confused:

Worth is always highly subjective. I wouldn't recommend selecting a card using such criteria but it's really your call to make. Keep in mind that CO's Credit Tracker provides a score using the TransUnion New Account model. IIRC no creditor uses that score in their credit decisions. CK used to use the TU New Account model as well but switched to VantageScore 3.0.

In general, you can't rely on a score generated by one model to determine the score generated by a different model whether you're comparing FAKO to FICO, FICO to FICO or FAKO to FAKO. Different algorithms will produce different results.

amex007 wrote:How do you like the capitalone? Can you see if there was any new activity under your name? Thats mainly what i'm concerned about.
myFico sounds good but its like $25 a mo.

Make sure you understand the alert triggers for any monitoring service you're considering. For myFICO:
http://myfico.custhelp.com/app/answers/detail/a_id/463/~/understanding-what-triggers-fico%C2%AE-3-bureau-credit-monitoring-and-fico%C2%AE-identity

amex007 wrote:I hear amex is going to allow people to view their FICO score but not until a little later.

Be careful relying on just one FICO based on one CRA. Make sure you're aware of the CRA used as a data source as well as the FICO model used. Keep in mind that creditors use a number of different FICO models so if you're relying on one score it may not be the same as what a creditor pulls for you.

I get FICO's from Discover, FNBO and PenFed. They're all different models. Discover is FICO 8. FNBO is a FICO 8 BankCard. PenFed is a NextGen. IIRC they're from different CRA's as well. They're interesting to note but I really don't rely on them.

Brad Bishop
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Postby Brad Bishop » Tue Apr 21, 2015 9:13 am

I put a freeze on all of my reports and only thaw them when needed. I also pull my reports annually to look for any oddities.

Seems to work for me. No annual cost or anything. Just a $3 fee/report if I need to thaw.

amex007
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Re:

Postby amex007 » Mon Apr 27, 2015 1:44 pm

Brad Bishop wrote:I put a freeze on all of my reports and only thaw them when needed. I also pull my reports annually to look for any oddities.

Seems to work for me. No annual cost or anything. Just a $3 fee/report if I need to thaw.


I have my credit reports frozen right now. But was wondering if I get like a Barclayclard Arrival or CapOne Quicksilver if the credit score still be on statement?
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obxfisherman
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Re: Re:

Postby obxfisherman » Mon May 25, 2015 1:21 pm

amex007 wrote:
I have my credit reports frozen right now. But was wondering if I get like a Barclayclard Arrival or CapOne Quicksilver if the credit score still be on statement?



Yes my reports are frozen, I had applied for many CC's that provide a score on the statement, all of these still show my score on the statement even though my reports are frozen now.
Cards Currently In My Wallet(See Avatar)
Chase Marriott Rewards Visa Signature (Daily Purchase): 13.4K
NFCU Visa SignatureCash Rewards: 5K
Sheetz Discount Card 3c Off PerGallon Of Gas Everyday

Total Credit Card Limits Roughly: 61.5K



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