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Valued Contributor
creditnocash
Posts: 2,164
Registered: ‎07-23-2012

Scorewatch update

Your FICO score may have gone up because the following 4 factors are not hurting your FICO score as much as before:

  • You have too many credit accounts with balances.
  • You have too many credit accounts with balances.
  • You have too many credit accounts with balances.
  • You have too many credit accounts with balances.

Very convincing scorewatch. 

 

Also

 

Changes to your credit report 

Your FICO® score went up on a day when there were no credit alerts on your Equifax Credit Report™. This can happen if:
  • The balances on one or more of your credit accounts decreased. In general, less debt is better for your score.
  • The credit limit on one or more of your credit accounts increased. Larger credit limits tend to help your FICO® scores if your balances remain the same.
  • Negative information on your credit report, such as a bankruptcy, collection, or record of a late payment, was removed because it was more than 7 years old (or 10 years old in the case of a bankruptcy).
  • Negative information on your credit report is not harming your FICO® score as much as before because it is now older. Past negative credit behavior, like missing payments or defaulting on loans, are offset over time by more recent history of credit responsibility.

Ive never had ANY negative anything on my reports 

my credit history is only two years long. 

 

Granted might be that most of my accounts are past the 6 month mark (new account ding?) but thats about it. 

 

Obviously ive used my cards for rewards during the holiday season. 

should be back to normal by end of feb. 

Current: EQ 735 Discover 9/5/13 Walmart TU 730 EX FICO 726 Amex Pull(1/1/13)

Starting total revolving credit: $2600 | Current total revolving credit: 31k+

Inquiries (24 Months): EQ 8 TU 5 EX 5 | Most Recent: 09/04/2013
2 Inquiries in The Last 12 Months


2014 Goals:
Lower Utility

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$2900
Citi Diamond Preferred$6000
Citizens Mastercard$7000
Moderator Emeritus
llecs
Posts: 32,880
Registered: ‎08-04-2007

Re: Scorewatch update

[ Edited ]

Your alert looks normal. I get them too. It's a score alert. As you know, absent any credit alerts (e.g. balance increases, new TLs, new inquiries, etc.) SW will begin monitoring your EQ FICO for score changes every 7-10 days. Within or by that time frame, it'll present either a notice saying nothing is happening, or will throw out a score alert with your score change. It'll only guess as to the change, but the guesses aren't wholely reliable. If your balances increased, then their guess was accurate. 

 

The second part of the alert is a generic response and everyone gets it. It'll throw out ideas as to why a score changed, but they don't always apply to you. 

 

ETA...immediately change your target score to match your latest alert.

Valued Contributor
creditnocash
Posts: 2,164
Registered: ‎07-23-2012

Re: Scorewatch update

thanks illecs. i know this. 

as soon as i get a sw alert i change my score to the current score. 

 

i just thought it was funny to be so repetitive. 

 

as for alerts, besides cutting my balances down(getting back to 9%) i dont think ill be getting anymore mid week updates. 

 

Current: EQ 735 Discover 9/5/13 Walmart TU 730 EX FICO 726 Amex Pull(1/1/13)

Starting total revolving credit: $2600 | Current total revolving credit: 31k+

Inquiries (24 Months): EQ 8 TU 5 EX 5 | Most Recent: 09/04/2013
2 Inquiries in The Last 12 Months


2014 Goals:
Lower Utility

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$2900
Citi Diamond Preferred$6000
Citizens Mastercard$7000

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