topic Re: Lose points when a card is used in Understanding FICO® Scoring

Lose points when a card is used

Anonymous — Sat, 22 Dec 2018 20:24:20 GMT

I hope this is the right place for this. If not I apologize. I have a question. Do you lose points every time you use a card that has not been used in a few months? I used one that I had not used in about 3 months and now I have lost 3 points. Can anyone explain this to me? Sorry for any typos I am on my phone. Thanks for any help.

Re: Lose points when a card is used

Pikaboo-icu — Sat, 22 Dec 2018 20:49:05 GMT

Greetings,

This comes up here often.

You basically received 2 alerts, one for the card that hadn't been used and another for the point drop.

The alert for the point drop, is not necessarily connected to the other alert.

It's quite confusing.

Re: Lose points when a card is used

Anonymous — Sat, 22 Dec 2018 21:52:57 GMT

@Pikaboo-icu wrote:
Greetings,

This comes up here often.
You basically received 2 alerts, one for the card that hadn't been used and another for the point drop.
The alert for the point drop, is not necessarily connected to the other alert.

It's quite confusing.

Thanks fror the explanation.

Re: Lose points when a card is used

Anonymous — Sun, 23 Dec 2018 04:22:54 GMT

Where are you getting your score from and why do you think that using a card lowered your score rather than something else?

Re: Lose points when a card is used

Anonymous — Sun, 23 Dec 2018 13:32:06 GMT

@Anonymous wrote:
Where are you getting your score from and why do you think that using a card lowered your score rather than something else?

I am getting the scores from MyFico and I have not done anything else to cause it that I can think of. Utilization is the same or lower. No new apps (reports are frozen).

Re: Lose points when a card is used

HeavenOhio — Sun, 23 Dec 2018 17:38:46 GMT

I think the inactive/active alert has to do with myFICO's fraud and identity theft protection rather than scoring or credit. It just happens that alerts produce updated scores.

Re: Lose points when a card is used

Anonymous — Sun, 23 Dec 2018 18:53:50 GMT

@HeavenOhio wrote:
I think the inactive/active alert has to do with myFICO's fraud and identity theft protection rather than scoring or credit. It just happens that alerts produce updated scores.

Thanks for the reply and they help!

Re: Lose points when a card is used

Time2letgo — Fri, 11 Jan 2019 19:27:30 GMT

@Anonymous wrote:
I hope this is the right place for this. If not I apologize. I have a question. Do you lose points every time you use a card that has not been used in a few months? I used one that I had not used in about 3 months and now I have lost 3 points. Can anyone explain this to me? Sorry for any typos I am on my phone. Thanks for any help.

That has happened to me before. I have a habit of paying off some cards just before the statement cut, but every few months or so I let balances report. It usually takes 3 points off when it does.

Re: Lose points when a card is used

DIYcredit — Mon, 14 Jan 2019 10:43:28 GMT

That's right.The cc account that is considered inactive have now posted a current balance and now the cc is considered active by the Fico scoring model.What has really happened is you have too many cc account balances reported to your cr and now you have not scored the most credit score points for that measurement.All you have is charge a very small balance on one cc,let report next month,all other cc's at zero.You will earn the most credit score points.