03-20-2013 02:13 PM
03-20-2013 03:22 PM
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.
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO