I got a SW alert today and logged to see what is was. I had a 16 point increase due to an old Best Buy (HSBC at the time) account that was closed in 2010. The change was in the desription:
"Account closed at consumer s request" (Previous)
"Account closed at consumer s request (Updated)
Closed or Paid Account/Zero Balance
Amount in H/C column is credit limit
and they changed the previously high limit $752(I went over the limit at one point) to match to the account limit $700.
It this an odd way to get an increase on your score?
It just say's High Credit, so I assumed that means the credit limit on the account. It did have a set credit limit of 700 but at one point I went over the limit ($752). So for years on my CR, it showed the High Credit as the highest amount I used on the account ($752). I paid this off and closed this account in 2010. So to get a SW alert/score increase for a change on the High Credit amount (back to $700) is odd to me.
Capital One is purging a lot of previous HSBC information on accounts that are closed. Unecessarry information like "high credit" amount is being removed/updated to match CL.
Why you received a score increase is beyone me with the information given.
Thanks for the info on the Cap One/HSBC accounts.