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Established Contributor
Posts: 756
Registered: ‎01-20-2012
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2 score increases this week? OK.

Got a Fico alert yesterday that my score jumped from 682 to 701, but there were no changes to my report.

Got another alert this morning, it jumped a whole 2 pts when a balance deceased $150 to zero.

So was my initial jump due to the update to Fico 8?
Or would it be due to my 3 CC's hitting 1 year in March?
Fico: 701 (5/22/14) 682 (5/9/2014)
Discover IT $5,200 / CU Visa $1,000 / JC Penny$3,000
App Free since 2/2013
Valued Contributor
Posts: 1,584
Registered: ‎06-01-2008
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Re: 2 score increases this week? OK.

I'm not an expert in this area, however I would say that the change to the 08 scoring model is very possible.  I was switched to the 08 model about a week ago and had a 35 point increase.   You should have received a notification (alert and e-mail, in my case) when changed to the 08 model, so if you did not receive such a notification, perhaps something else caused the spike.  Either way, congreatulations!  

 

Year 2012: All Scores in the 520 range, during a foreclosure, CC Settlement and high UTIL. Very ugly days...
August 2015: EX8: 726; EQ8: 734; TU8: 736; EQ04: 724 Goal: All FICO 8 Scores at 740
In My Wallet: Discover $16.2K; Amex ED 18K; Amex Optima $12.5K; Cap1 $8.4K; Barclay $7K; Citi (AT&T Uni) $7.8K; US Bank $4K; Dell $5K; Care Credit $6.5K. Total Revolving CL: $85.5K
My UTIL: Less than 1% - Only allow about $10 a month to report, on one account. 2015 Goal: GARDEN the entire year!!
Moderator Emeritus
Posts: 12,503
Registered: ‎12-30-2011
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Re: 2 score increases this week? OK.

[ Edited ]

You'll get told when you get upgraded; both inside SW and I got an email too.

 

Regarding the anniversaries: those really should've already been factored in from SW assuming you've been using the service and been getting alerts.

 

There seems to be a hiccup or two with the conversions I'm thinking from some of the statements people have made (large drop and then a return to previous score with no real changes on the report) but beyond that I'm not certain.  FICO '08 does seem to have more granular scoring than FICO '04 when it comes to number of tradelines with a balance reporting... sounds about right on those 2 points if you stepped over one of the step-function boundaries.

Starting Score: EQ 04 561, TU 98 567, EX 98 599 (12/30/11)
Current Score: EQ 04 700, TU 04 731, EX 98 725 (05/24/15)
Goal Score: 700 on EQ 04 (01/01/16)


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