General Credit Topics

[Ravensfan2001]

Does SW alert you when accounts fall off your credit report? Can I assume that an increase in my score without a change in my credit is just a creditor reporting? I just purchased SW 2 days ago.

[llecs]

SW doesn't alert to dropped TLs, dropped inquiries, or dropped balances. However, if your FICo changed as a result of dropped balances, and if your new EQ FICO hit or surpassed your target score, then you'll get a score alert. Your EQ FICO is monitored for changes every 7-10 days.

If any sort of credit alert comes in before those 7-10 days, then you you'll get alerted with your latest EQ FICO. Many make the assumtion that if they get an alert for a balance increase, then their new EQ FICO was the product of that increase. It's not always so as there could be multiple things happening to cause that score change.