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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?
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.
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.
Normally the high balance never changes. It is the highest balance the account has ever had.
Are you sure nothing else happened?
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.