Answer Me: Does anyone know about the discover card “credit score tracker” program?
I bought it last march(doh) but never figured out how to use it. I think I was supposed to go online and create a login somewhere but I never had time. Anyway the question is, how does it compare to trucredit and equifax 3-score watch and the myfico program. Does anyone know the pros and cons and more importantly the features that you get with it? I am thinking of cancelling it but just wanted to at least know what I am cancelling before I do so lol. btw I pay $ 7.99 a month for it if that helps anyone identify the service. And all it shows in my statement is “CREDIT SCORE TRACKER 888-201-1440 UT” next to the price with no url or anything.
Answers and Views:
Answer by Brad
Hello,
The CST package features:
– Unlimited 24/7 access to your Experian credit report and score.
– E-mail alerts to changes in credit score/customized score alerts to know how you are progressing towards your goal
– Simulations showing how different factors affect your score (timely payments, credit inquiries, opening/closing your accounts)
– Score tracking tools to see how your score changes month to month and how it compares to your target score
Hope this helps!
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Brad
A “credit score tracker” program will keep track of your credit score and let you know when it changes. It does not keep it from changing. It does not improve your credit score.
If you pay your bills (especially your credit card and loan bills) on time – your score will go up. If you keep your credit usage down – your score will go up. If you pay those bills late – your score goes down.
Very simple.
The most important thing is to track your credit report – and you can do that by getting them free on line at https://www.annualcreditreport.com/cra/index.jsp .
There are 3 credit reports. I would get a different 1 every 4 months. They all basically track the same information – so this way you can make sure that no bogus information is getting into your credit report.
The only time that the credit score really comes into play is when you are applying for credit. How often do you do that? And knowing what your score is will not change your score.
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