topic Re: Equifax up by 10 points in Understanding FICO® Scoring

Equifax up by 10 points

ineedcreditbad — Mon, 26 Dec 2022 08:26:23 GMT

Got an alert that my EQ score went up by 10 point as I recently made a purchase.

Is that normal?

Re: Equifax up by 10 points

FireMedic1 — Mon, 26 Dec 2022 09:55:45 GMT

Were all your cards at $0 balance and then one posted a balance? With Vantage you walk the dog and can gain/lose points.

Re: Equifax up by 10 points

ineedcreditbad — Mon, 26 Dec 2022 12:32:29 GMT

3 of them at 0 and two with balance.

Question should I be paying my balance in full prior to my payment due date so it reports a zero balance or not? Dont want to be losing point if thats the case.

Re: Equifax up by 10 points

Jnbmom — Mon, 26 Dec 2022 13:20:44 GMT

@FireMedic1 wrote:
Were all your cards at $0 balance and then one posted a balance? With Vantage you walk the dog and can gain/lose points.

Walking the dog 🤣🤣🤣🤣🤣

@ineedcreditbad You should have all at zero except let one report a low balance AZEO theory , your score is great I wouldn't worry much about it though .

Re: Equifax up by 10 points

SouthJamaica — Tue, 27 Dec 2022 03:46:49 GMT

@ineedcreditbad wrote:
Got an alert that my EQ score went up by 10 point as I recently made a purchase.

Is that normal?

There's probably no connection between the score increase and the balance increase.

MyFICO alerts don't provide reasons for a score change. There are certain events which trigger MyFICO alerts. If there happens to be any difference between your present score at that particular bureau and the previous score reported to you from that bureau, the score change is tacked on to the alert. There is not necessarily any connection at all between the score change and the alert substance.

MyFICO explains this as follows:

Why did my score go up when I got an alert for something negative (or why did my score go down when I got an alert for something positive)?

The short answer: Your FICO® Score may change because of other events not monitored by an alert.

Whenever we send you a credit alert, we also send an updated FICO Score. To ensure you get the most current score, we calculate it based on your entire credit report at that point in time—not just the new information on the alert. This means your new score may reflect other changes that are outside of the things we watch for (see everything we monitor).

Sometimes you may see your score increase when you think it should’ve decreased, and vice-versa, but you’ll always have your most up-to-date and accurate score.
https://support.myfico.com/hc/en-us/articles/360038084633