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Regular Contributor
Rebuilding101
Posts: 176
Registered: ‎03-11-2010
0

20 Point drop & Score Watch question

First question, why does score watch show two new alerts. Is it because its pulling EQ and TU new accounts? The same info shows up.

 

Next. i took a 7 point loss, I think from opening my new Walmart card because I was ok with the new BofA card and a few more inquiries.

 

Now I took a 15 point loss because one of my balances went from 0 to 250. Easy fix, my balance will go down when the next month posts, but how interesting, a util increase of 6-7 percent (total avail is like 1500 now) gave such a drop. Learning lesson for when I'm trying to buy a house, take what you guys say about keeping utilization betwen 1-9 max lol.


Starting Score(4/1/10): EQ: 631--- TU: 646
Current Score(4/1/10): EQ: 725--- TU: 686
Goal Score: EQ: 850--- TU: 850


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Moderator Emeritus
beamMEup
Posts: 4,473
Registered: ‎12-31-2008
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Re: 20 Point drop & Score Watch question

Hi rebuilding,

 

First of all, Scorewatch only alerts for EQ accounts.  How is it looking?  Can you post it here?  I have received a few duplicate scorewatch alerts lately (the same account reporting twice on the same alert).  Seems like there's a glitch in the system that's being looked at.  There's a few posts on - I think it's - "Product Feedback" forums.

 

It may be that with your BofA card and Walmart card, your AAofA was affected enough for a score drop, and of course the inquiries can do that.  Did they all show up on the same day?  If you just got hit with the seven points on the day your Walmart card posted, it was probably AAofA, unless you posted a balance on that card as well.

 

FICO's looking at overall utilization as well as utilization on each card.  What's the CL on the card with the $250 balance?

Just puttin' syrup on something, don't make it pancakes.
Valued Contributor
Uborrow-Upay
Posts: 2,710
Registered: ‎10-16-2008
0

Re: 20 Point drop & Score Watch question

Regarding the two alerts from Score Watch for the same account, someone here answered that same question for me a while back.

 

Take a closer look at the two alerts.  Each is for a different parameter you've set in your preferences.

 

For instance, one alert may be that your balance increased by x amount of dollars.  The second alert for that same account may be that your balance increased by x %.

 

 

You get the idea.  I thought it was a glitch, too, but I was mistaken.  A closer look at the alerts will confirm this for you.

 

Hope this helps!:smileyhappy:

Frequent Contributor
Kiwill
Posts: 328
Registered: ‎09-01-2009
0

Re: 20 Point drop & Score Watch question

+1

 

I always get two alerts; one for the dollar amount increased and the other alert for percentage. 


Starting Score: EQ 729, TU 752, EX ? (1/1/2011)
Current Score: EQ 696, TU 718, EX 686 - PSECU (5/17/2011)
Goal Score: ALL 800+ by December 31, 2011

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Moderator Emeritus
beamMEup
Posts: 4,473
Registered: ‎12-31-2008
0

Re: 20 Point drop & Score Watch question


Kiwill wrote:

+1

 

I always get two alerts; one for the dollar amount increased and the other alert for percentage. 


+1 for me too

 

I am not currently enrolled in ScoreWatch, so I can't check mine.  But dollars to donuts that's what prompted mine as well.  Thanks for the info!

Just puttin' syrup on something, don't make it pancakes.

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