My FICO Score Watch is a SCAM!!

**garydman** · April 3rd, 2008, 09:57 PM

Everybody who has MyFICO Score Watch IT IS A SCAM. I tried the 30 day trial, put in apps where they pull equifax and NO ALERTS AT ALL. It's been over a week, had score changes, inquiries AND balance changes....NO ALERTS. If you have it I strongly suggest you cancel it and get a refund...it is a waste of your money. Also avoid the shills who run their forums. ALL their advice is designed to get you HOOKED on credit and HOOKED on paying them out the Ying Yang for what you can easily figure out yourselves. Don't fall into this trap. Pay your bills on time and don't worry about your score. Forget about it. It's just a number manipulated at will by the conspiracy that exists between FICO and the Credit Card Companies.

**Meya** · April 4th, 2008, 01:12 AM

Are you sure that they did not pull a soft pull on you?

**garydman** · April 4th, 2008, 05:03 AM

I'm sure!

**LLAY1** · April 4th, 2008, 07:35 AM

ABSOLUTELY TRUE!!! I noticed it was a scam yesterday before i read this. NO ALERT AT ALL score was up from 650 to 660. Score watch still had it at 650. Then they send an email asking if i want to cancel. What company does that? send an email to remind you to cancel with the easy click of a button. They knew they were busted!!o

**garydman** · April 4th, 2008, 08:02 AM

And to think, our financial lives are in the hands of these LIARS. If they aren't getting up to date information to the people who belongs to this information. How are we to believe that they are providing accurate information to third parties? Like I said before, It's just one GIANT conspiracy. What good are "fair credit" laws if these people are allowed to use a "secret formula" to calculate our creditworthiness? Even a novice to credit can figure out that this practice leaves open the door for these companies to circumvent the very laws enacted to protect us, the consumer. What good are they if FICO and the credit card companies are allowed to furnish outdated and manipulated numbers to lenders? We've all been had by this scam and it's high time we all wake up!! Another scam out there is the credit card companies insisting that people are having their identities stolen. Noone has stolen your identity. What has been stolen is the money that the credit companies loan to others in your name. The fact is, they are so eager to loan you money at a usurious rate, that they will give these loans to people who aren't you. And then they have the audacity to come to the conclusion that your identity has been stolen and you are responsible for their lax lending practices and standards!! What a joke!!

**garydman** · April 4th, 2008, 08:23 AM

ROTFLMAO!!! MyFICO is experiencing an unusually HIGH CALL VOLUME......

**Meya** · April 4th, 2008, 09:44 AM

Oooops, well let me put my eye glasses on, smell the coffee, wake up, and all that good stuff. Sounds convencing to me garydman, what do you think about the new Credit Lock? I was seriously thinking about using them instead of credit monitoring services. I have been monitoring my credit for a few years now, I am more interested in making sure no one open new accounts in my name more than I am with watching scores and alerts. I figure that, since I know I am paying my bills on-time and I logs in to my accounts on close perodic basis, then I don't need to pay a company to let me see something I already know about. Fraud is what I think is most important.

**garydman** · April 4th, 2008, 09:53 AM

On hold for 40 minutes at My FICOI. This time it said "we are experiencing Extremely high call volumes" LMAo!!

**Meya** · April 4th, 2008, 09:56 AM

My goodness, I hope you are holding to close your account. That is enough time to serve dinner.

**garydman** · April 4th, 2008, 10:04 AM

Meya, you can call the credit reporting agencies and put a freeze on your credit for no charge. Don't fall into the trap they want you to fall into. The credit companies want you to absorb all that crappe they spew out about "Identity Theft" Like I said before, The point of sale for any theft scheme involving credit is the issuer of the loan. Period. Your identity has not been stolen, what has been stolen is the money that they so eagerly loaned to someone else in your name. I really wonder how much "identity theft" there would be if the Credit companies were being held responsible for there own misdeeds? Very Little, that, you can be assured of!!

**Meya** · April 4th, 2008, 12:17 PM

what has been stolen is the money that they so eagerly loaned to someone else in your name

This would show on my credit report if they issued a loan in my name right?

**garydman** · April 4th, 2008, 12:50 PM

Any credit issued in your name under your SSN should show up on your report in due time. Identity monitoring is a marketing ploy used to take advantge of the uninformed. They create this aura of fear that they incessantly feed with stories of "identity theft" and other horror stories for which THEY are responsible for. We get 1 free report from each of the CRA's each year. Combine that with reports that you are eligible for when you are denied credit, jobs and other services that require a credit report and one can adaquately monitor their reports for free. The "secret" scoring formula that is now in use is just another biproduct and result of corporate America buying legislation through their lobbiests and their support of political party conventions. Truthfully, anymore, our vote does nothing but decide who is going to be the receiver of corporate bribes, nothing more. Just look at the current scoring model. We aren't even allowed to "shop" for credit without it having an adverse affect on our "score". The powers that be have decided that if you put in a lot of applications, you're desperate and on the verge of financial collapse. Imagine having to pay more for a car just because you shopped the price...(?) Totally unacceptable for that to happen, huh? Then why should we put up with it from the credit industry? It is all one GIANT marketing conspiracy designed to keep you in a constant state of fear. Don't fall for it. Write your Congressman and tell them that we as citizens should be allowed to file charges against ANY loan or credit card company that issues credit in your name to someone who isn't you. Let them pass that law and I'll bet "identity theft" will be a thing of the past, REAL QUICK LIKE!!!

**Rockin35** · April 27th, 2008, 04:42 AM

I can speak on 3 things. The Equifax Credit Report LOCK works!!! I applied for the AT&T universal mastercard back in Dec 07, but because I FORGOT that I went online and put the lock on my equifax credit file, AT&T sent me a letter with a toll free# to call. I called them, they stated they could NOT complete my application because it was "barred/locked". And sure enough, I went online that same day and unlocked it. I called back the same night, they were able to pull the credit report from Equifax, I confirmed it over the phone.

I also have to agree that the Equifax Score watch doesnt appear to work. I ran several applications in the last 2 months and it was only through MyCreditKeeper that I noticed the change in my scores. Equifax alerts does however post when an account or inquiry was pulled from all 3 bureaus and the date, which I do like. Apparently Hooters used TU and State Farm Visa used Equifax, both of which updated as an alert for me 2 days after the inquiry was pulled. By the time it updates with Score Watch, its past 30 days before you even know it. This is pathetic. Rockin35