need help understanding SW alert

Anonymous · ‎11-10-2008

Last week I got a SW alert and I'm not really sure I understand what it means.

"Your FICO score may have gone up because the following 3 factors are not hurting your FICO score as much as before:

You've made heavy use of your available revolving credit.
You have multiple accounts showing missed payments or derogatory descriptions.
You have a short credit history."

First, is it saying that all of these could have changed my score? In other words, all of these things did happen, it's just uncertain which (if any) actually caused the score jump?

Or is it just throwing out random possibilities that may or may not apply right now? (Kinda like when you get a score jump without a credit alert.)

-Jono

Junejer · ‎11-10-2008

jsbach1982 wrote:
Last week I got a SW alert and I'm not really sure I understand what it means.

"Your FICO score may have gone up because the following 3 factors are not hurting your FICO score as much as before:

You've made heavy use of your available revolving credit.
You must've gotten below a threshold ie. max'd, 50%, 30% or 10%
You have multiple accounts showing missed payments or derogatory descriptions.
Baddie had a birthday?
You have a short credit history."
Again, this hit a threshold of some sort, 2 yrs perhaps.

First, is it saying that all of these could have changed my score? In other words, all of these things did happen, it's just uncertain which (if any) actually caused the score jump?

Or is it just throwing out random possibilities that may or may not apply right now? (Kinda like when you get a score jump without a credit alert.)

-Jono