topic Re: REALLY?!! in Rebuilding Your Credit

REALLY?!!

Azumi1 — Thu, 04 Oct 2012 19:43:20 GMT

I just received an alert. My score has dropped 18 pts. Reason: You may be looking for new credit...**bleep**! I haven't applied for anything in months. I did open a new checking account, but that alerted on 9/14, and my score actually increased a few days later on the 18th. Can someone explain this to me.

Re: REALLY?!!

Shogun — Thu, 04 Oct 2012 19:44:59 GMT

Did they do a HP to open the checking account? Where did you get the alert from?

Re: REALLY?!!

Azumi1 — Thu, 04 Oct 2012 19:53:37 GMT

It was a sw alert for an inquiry, but that was over 2 wks ago

Re: REALLY?!!

Walt_K — Thu, 04 Oct 2012 20:13:00 GMT

The reasons SW gives can't be relied upon. Anything else change that you can see? Utilization increase?

Re: REALLY?!!

Azumi1 — Thu, 04 Oct 2012 20:24:11 GMT

Nothing that would on my credit report now. They update middle of month.

Re: REALLY?!!

Azumi1 — Thu, 04 Oct 2012 20:28:42 GMT

Both cards still under 10%. I don't understand.

Re: REALLY?!!

Azumi1 — Thu, 04 Oct 2012 20:33:52 GMT

Just checked my report, soft pull on 10/2. So why did it affect my score?

Re: REALLY?!!

Walt_K — Thu, 04 Oct 2012 20:45:36 GMT

Azumi1 wrote:
Just checked my report, soft pull on 10/2. So why did it affect my score?

A soft pull would not have affected your score.

9 times out of 10, when someone posts something like this, there is some other change that they are not seeing. You could also have been rebucketed (which is of course the myFICO cop out response when we can't figure out what happened).

Re: REALLY?!!

Shogun — Thu, 04 Oct 2012 21:04:15 GMT

I've used that before, rebucketed, cause sometimes I just don't know!

Re: REALLY?!!

Azumi1 — Thu, 04 Oct 2012 21:35:55 GMT

I went over it, nothing has changed except the soft pull. That's bs when I've worked so hard to repair my credit and points are taken off just because...

Re: REALLY?!!

Johnny_Favorite — Thu, 04 Oct 2012 22:18:41 GMT

I remember reading a while back that somebody's score jumped because of a small typo.

The bureau was reporting 9/12 instead of 9/1/2002

When it was fixed, their score shot up.

I would look for any and all typos. Did any fields change at all? Any dates change? What about balances? Do you see anything that was reporting as $0 no reporting as $.00.0.

I do believe that tiny little things can cause huge problems on reports. I'd go over with a fine tooth comb old reports vs new reports and any of the tiniest changes, I'd make a note of it. It could be something you didn't notice. Maybe something as small as a PAID vs PAID AS AGREED.

Keep looking.