topic Anyone care to explain how this works? Very weird in Understanding FICO® Scoring

Anyone care to explain how this works? Very weird

Anonymous — Thu, 31 Jan 2019 21:51:01 GMT

I've been paying off my debt and payed off other accounts in total of 3k while this card has yet been touched. Balance actually increased due to an annual fee. Yet it rose 17 points? I hate credit scores and how they work. Anyone care to shed some light to make sense of this?

https://imgur.com/a/0wK7sDq

Re: Anyone care to explain how this works? Very weird

Anonymous — Thu, 31 Jan 2019 22:05:55 GMT

@Anonymous wrote:
I've been paying off my debt and payed off other accounts in total of 3k while this card has yet been touched. Balance actually increased due to an annual fee. Yet it rose 17 points? I hate credit scores and how they work. Anyone care to shed some light to make sense of this?

https://imgur.com/a/0wK7sDq

You received an alertable change in your report. These alerts aren't necessarily related or the sole cause of point loss or gain. It simply means when you received the alert that your balance has increased, your score went up 17 points from the last alert, and therefore calculated your new score when the new alert(balance change) reported.

It sounds like the 3k that you have paid down has increased your scores. When your balance increased and you received the alert, it recalculated your score based on the point gain associated with paying off debt prior to the alert. The increase had nothing to do with your point gain.

Re: Anyone care to explain how this works? Very weird

Anonymous — Thu, 31 Jan 2019 23:43:24 GMT

That totally makes sense, thank you!

Re: Anyone care to explain how this works? Very weird

Anonymous — Fri, 01 Feb 2019 00:49:13 GMT

I agree with the first reply to this thread. Actually, if you look at the sentence below the score change you were provided with, it more or less states that other factors may have influenced that score change.