topic Re: Myfico alert....what does it mean? in General Credit Topics

Myfico alert....what does it mean?

Anonymous — Wed, 15 Apr 2015 19:49:11 GMT

I got this alert today and I don't know what it means. I was hoping someone here could help me figure it out.

Transunion

The total balance on all your Retail Trades account(s) has changed. This amount is a sum of all Retail Trades balances.

Re: Myfico alert....what does it mean?

Anonymous — Wed, 15 Apr 2015 19:51:42 GMT

I meant to also mention it says "balance 492$".

Re: Myfico alert....what does it mean?

Anonymous — Wed, 15 Apr 2015 19:54:48 GMT

Did you have a store card update balances? Once they report you'll get these. I got the same one when my Amazon Prime Store Card reported

@Anonymous wrote:
I got this alert today and I don't know what it means. I was hoping someone here could help me figure it out.

Transunion

The total balance on all your Retail Trades account(s) has changed. This amount is a sum of all Retail Trades balances.

Edit: I accidentally broke up my sentence with the quote, so just put it back together

Re: Myfico alert....what does it mean?

Anonymous — Wed, 15 Apr 2015 19:58:21 GMT

I have 2 cap one cards but the balance isn't 492$....it's like 130$. That's why I can't figure out what this is.

Re: Myfico alert....what does it mean?

Anonymous — Wed, 15 Apr 2015 20:01:52 GMT

Theyre new. One of the cards has a due date, the other doesn't so I'm not sure if one has reported and the other hasn't. Either way, the balance isn't 492.

Re: Myfico alert....what does it mean?

Anonymous — Wed, 15 Apr 2015 20:08:24 GMT

do you have a loan for furniture or something like that? Retail trades sounds like more of a store card or store financing agreement to me. I don't have any store cards but when my balance changes on CCs I get a different message.

Re: Myfico alert....what does it mean?

Anonymous — Wed, 15 Apr 2015 20:09:13 GMT

Hm, that's strange. No other changes? have you paid down any old chargeoffs or anything? That stuff can get factored in. Used to be on mine. I also used to have an old lender incorrecty reporting a balance.

Re: Myfico alert....what does it mean?

Anonymous — Wed, 15 Apr 2015 20:18:43 GMT

No loans and no store cards. Haven't paid any charge offs or collections.

Re: Myfico alert....what does it mean?

Anonymous — Wed, 15 Apr 2015 20:46:31 GMT

A CO that might have updated? interest added on to it or something like that?

Re: Myfico alert....what does it mean?

Anonymous — Wed, 15 Apr 2015 20:50:01 GMT

Norman is the winner!!! Just looked at my credit report spreadsheet and I have a target C/O for 492$. It must have updated. Bummer.

Re: Myfico alert....what does it mean?

Anonymous — Wed, 15 Apr 2015 20:52:41 GMT

It didn't change my score tho....so that's a good thing.

Re: Myfico alert....what does it mean?

Anonymous — Wed, 15 Apr 2015 20:54:32 GMT

@Anonymous wrote:
Norman is the winner!!! Just looked at my credit report spreadsheet and I have a target C/O for 492$. It must have updated. Bummer.

Whats my prize?

Re: Myfico alert....what does it mean?

Rebuilding69 — Wed, 15 Apr 2015 20:55:19 GMT

@Anonymous wrote:
@Anonymous wrote:
Norman is the winner!!! Just looked at my credit report spreadsheet and I have a target C/O for 492$. It must have updated. Bummer.
Whats my prize?

Your prize is a +1 to your post count! Weeee!

Re: Myfico alert....what does it mean?

Anonymous — Wed, 15 Apr 2015 21:11:57 GMT

Thank you Norman!! Is it normal that when your credit already sucks, an updated charge off doesn't change anything?

Re: Myfico alert....what does it mean?

takeshi74 — Thu, 16 Apr 2015 12:21:51 GMT

It's not really a matter of "normal" but the specifics of the derog. If only the amount changed it might not have as much of an impact. If the activity date becomes more recent it can definitely have an impact. If the charge off was already on your report then you may have already taken the hit for it. Visit the Rebuilding subforum and see what you can do to address it.