Not sure about the OP however my revolving debt balances were reduced 20% and I received nothing for a score boost. The balances were updated on 2/05/2012. On 02/01/2012 before I paid down the balances I received a 3 point increase. Myfico score alert said
Your FICO score may have gone up because the following 4 factors are not hurting your FICO score as much as before:
- You have a public record or collection in addition to a serious delinquency on your credit report.
- You have multiple accounts showing missed payments or derogatory descriptions.
- You have a short credit history.
- You've recently been looking for credit.
I filed BK7 discharged 3 years ago. No lates since BK filed. All the missed payments are from before the BK7.
Credit History is 10 years 6 months now AAoA now 6 years (that went up from 5 yrs 11months on the 1st)
It has been almost 12 months since I applied for a credit account (car loan)
So on the first of February I receive the above alert and score goes up 3 points.
Then I paid 22% of my revolving credit balances and they are all reported between 02/03 and 02/05 but my score has not changed.
I really expected an increase in the score.
Oh well, maybe next month.
