Re: Starting to question MyficoM
03-04-2013 11:31 AM
Received a SW alert on Feb 11th..i always thought if your utility goes "up" that your score would go "down" but instead i got a 3 point increase for it going up $6 lol and its a secured card Pilot so a CLI is prob not in my cards there. Below is the alert i got.......it was 648 when i got the alert...i think i used it to buy a pack of smokes.
February 11, 2013
Alert: The balance on one of your accounts has increased by $6
Score Watch alert/Changes to your FICO® Score
Your FICO® score has gone up to 651 on February 11, 2013
SW alerts don't give the full picture. Remember, SW only grabs your latest score at the time of a credit alert (a balance increase in your example). It doesn't mean that a $6 increase in a CC balance increased your scores. It didn't. Something else would have happened like a balance decrease, TL aging, etc. For example, I once got a SW credit alert for a new inquiry with a gain of 20 points. The inquiry didn't increase my Eq FICO by 20, but it was a baddie dropping that resulted in the increase.