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Balance Change Alert

Regular Contributor

Balance Change Alert

Hello all,

 

Just a quick question. I have had two balance change alerts in the past two days.  Previously, when my balance updated, I would get a hefty raise in my credit score.  I didn't get one this time and my balance has gone down even more.  I was wondering does it take a while for my score to catch up, or should it be something that is instant, and my score just didn't change at all this month, when these were posted?


Starting Score: 503
Current Score: 591
Goal Score: 700


Cards: First Progress Secured Card $600.00; U.S. Bank Secured Card $500.00

Goal: AMEX Rewards Card, Purchase House by the end of 2014
Message 1 of 7
6 REPLIES
Epic Contributor

Re: Balance Change Alert

If you're talking about scorewatch, it looks for changes every 7 - 10 days.  Sometimes the score will change after the alert.

Message 2 of 7
New Contributor

Re: Balance Change Alert

I had a similar question.. I paid down 2 credit cards to show a 0 balance, but my reports are still showing the high amount.  it's been a month now since those were paid off. Smiley Sad


Starting Score: Experian 514 Equifax 510 TransUnion 510
Current Score: Experian 630 and everything still In Progress
Goal Score: First Goal 650


Take the myFICO Fitness Challenge
Message 3 of 7
Epic Contributor

Re: Balance Change Alert


singleindependentmom wrote:

I had a similar question.. I paid down 2 credit cards to show a 0 balance, but my reports are still showing the high amount.  it's been a month now since those were paid off. Smiley Sad


Which report are you looking at?

Message 4 of 7
New Contributor

Re: Balance Change Alert

score watch


Starting Score: Experian 514 Equifax 510 TransUnion 510
Current Score: Experian 630 and everything still In Progress
Goal Score: First Goal 650


Take the myFICO Fitness Challenge
Message 5 of 7
Epic Contributor

Re: Balance Change Alert

I think that you would need to use another updated report to see if it shows as changed.

 

Did your score go up?

 

Look at this thead:  http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/fico-updates/td-p/2566251

Message 6 of 7
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New Contributor

Re: Balance Change Alert

I'm waiting to see if my score went up... I pulled my report with a lender 10/15 and a week before that I had paid the balances off.  I just signed up for the scorewatch yesteday, and my inforamtion is still the same.


Starting Score: Experian 514 Equifax 510 TransUnion 510
Current Score: Experian 630 and everything still In Progress
Goal Score: First Goal 650


Take the myFICO Fitness Challenge
Message 7 of 7