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Odd Score Increase

Established Contributor

Odd Score Increase

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)

to

"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?


2010: 475 EQ 2011: 503 EQ 2012: 600 EQ2013:632 EQ
Starting Score: 634 EQ-3/13/13
Current Score: 706 EQ-8/29/13 703 EX-7/12/13 705 TU-8/9/13
Goal Score: 700

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Message 1 of 7
6 REPLIES
Epic Contributor

Re: Odd Score Increase

I've never seen that happen.   Was it high limit or balance?  Normally, high balance has no impact unless the card doesn't report a CL.

Message 2 of 7
Established Contributor

Re: Odd Score Increase

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.


2010: 475 EQ 2011: 503 EQ 2012: 600 EQ2013:632 EQ
Starting Score: 634 EQ-3/13/13
Current Score: 706 EQ-8/29/13 703 EX-7/12/13 705 TU-8/9/13
Goal Score: 700

Take the myFICO Fitness Challenge
Message 3 of 7
Epic Contributor

Re: Odd Score Increase

Normally the high balance never changes.  It is the highest balance the account has ever had.

 

Are you sure nothing else happened? 

Message 4 of 7
Established Contributor

Re: Odd Score Increase

Here is what showed up:

Previously reported Newly reported
Balance: $0
Past due: $0 $0
Status: Pays account as agreed Pays account as agreed
Last activity: 1/1/2010 1/1/2010
High credit: $752 $700
Description: Account closed at consumer s request
Charge
Account closed at consumer s request
Closed or Paid Account/Zero Balance
Amount in H/C column is credit limit

2010: 475 EQ 2011: 503 EQ 2012: 600 EQ2013:632 EQ
Starting Score: 634 EQ-3/13/13
Current Score: 706 EQ-8/29/13 703 EX-7/12/13 705 TU-8/9/13
Goal Score: 700

Take the myFICO Fitness Challenge
Message 5 of 7
Regular Contributor

Re: Odd Score Increase

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.



FICO: EX 662 | EQ 670 | TU 681
Message 6 of 7
Established Contributor

Re: Odd Score Increase

Thanks for the info on the Cap One/HSBC accounts.


2010: 475 EQ 2011: 503 EQ 2012: 600 EQ2013:632 EQ
Starting Score: 634 EQ-3/13/13
Current Score: 706 EQ-8/29/13 703 EX-7/12/13 705 TU-8/9/13
Goal Score: 700

Take the myFICO Fitness Challenge
Message 7 of 7