topic Re: ScoreWatch shows 2 Accounts when there's only one in myFICO® Product Feedback

ScoreWatch shows 2 Accounts when there's only one

Anonymous — Mon, 24 May 2010 16:17:48 GMT

My last two ScoreWatch's have indicated I have a balance increase on two accounts, and then lists my Juni account twice. The first time I thought it was a glitch, but the second time has me worried. I keep only one balance reporting, as my score dips a tad when I have a balance on two accounts.

_________________________________________________________

2 of your accounts reported balance increases

BARCLAYS BANK DELAWARE (XXXXXXXXXXXX7325)
New balance: $25

Account opened: 11/2009
Description: Credit card
Amount in H/C column is credit limit

	Previously reported	Newly reported
Account balance:	$16	$25

You received this alert because this balance increase of $9 (56% of previous balance) exceeded your alert limit of $1.

BARCLAYS BANK DELAWARE (XXXXXXXXXXXX7325)
New balance: $25

Account opened: 11/2009
Description: Credit card
Amount in H/C column is credit limit

	Previously reported	Newly reported
Account balance:	$16	$25

You received this alert because this balance increase of $9 (56% of previous balance) exceeded your alert limit of 5%.
Contact: BARCLAYS BANK DELAWARE, 125 S West St, Att: Credit Bureau, Wilmington, DE, 198015014 • (302) 888-1400

How balance increases impact your score:

A balance increase on an account may lower your FICO® score.

A large balance on an account, or balances on many accounts, can be a sign that you may be having trouble paying back debts. Since your FICO® score measures the chances that you will pay back a debt, larger balances or balances on more accounts can lower your score.

"Maxing out" a credit card or other line of credit is when the balance on the account comes close to the account's credit limit. This can dramatically lower your FICO® score because it is often a sign of a consumer who desperately needs credit and may not be able to pay it back.

The drop in your FICO® score caused by a balance increase can be reversed by paying down the balance.

Edited to highlight different alerts that were being triggered. They are now in bold blue text. Hope that's helpful. Evidently I received one alert because I triggered the dollar limit; and the second alert because I triggered the percentage limit.

Re: ScoreWatch shows 2 Accounts when there's only one

llecs — Thu, 15 Apr 2010 19:27:56 GMT

There's still an ongoing technical issue. I'm also still receiving the double reporting when I get alerted to balance changes.

BTW, I'm also getting the double alert from the CMS that I have with Equifax via ID Patrol. Those give me the exact same double alerts too, which makes sense because they are the source for info.

Re: ScoreWatch shows 2 Accounts when there's only one

Anonymous — Thu, 15 Apr 2010 23:50:52 GMT

Okay thanks.

I won't worry about it then. I did pull my report just to make sure Juni's wasn't double reporting and it's not.

Now, do you think you could fix my score I think I'm short about 100 points. Give or take.

Re: ScoreWatch shows 2 Accounts when there's only one

Anonymous — Sun, 23 May 2010 22:20:54 GMT

Is the problem still being worked on? Both my husbands and my alerts do the same; report the same account twice with a higher balance then the previous month. It's not calculating the score to reflect two accounts with higher balances as opposed to the one, is it? Just calculating the score based on one account with the higher than normal balance?

Thank you much!

Re: ScoreWatch shows 2 Accounts when there's only one

Anonymous — Mon, 24 May 2010 16:14:36 GMT

On another thread, I think someone posted that you might get two alerts for the same account if you were triggering two different categories.

For example, in my original post, one alert was because I exceeded my alert limit of $1. The second alert was because I exceeded my alert limit of 5%.

That made sense to me.

Re: ScoreWatch shows 2 Accounts when there's only one

Anonymous — Mon, 24 May 2010 17:52:46 GMT

Ok sorry. Maybe that is it. I could have sworn they were exact duplicates, but I may be wrong. Thank you for clearing that up.

Re: ScoreWatch shows 2 Accounts when there's only one

Anonymous — Mon, 24 May 2010 18:14:01 GMT

@Anonymous wrote:
Ok sorry. Maybe that is it. I could have sworn they were exact duplicates, but I may be wrong. Thank you for clearing that up.

Hi leah,

I don't know if that's how it's working for everyone else with duplicates - yours may be different. Let us know, though.

Re: ScoreWatch shows 2 Accounts when there's only one

guimicm1 — Sat, 10 Jul 2010 01:30:48 GMT

this is correct they do not report two time the thing is shown 1st one is exceeded your alert limit of $1

and the 2nd one shown exceeded your alert limit of 5%

Re: ScoreWatch shows 2 Accounts when there's only one

BungalowMo — Fri, 23 Jul 2010 15:07:48 GMT

Under the settings tab, you can select to change your settings, like below:

Y N Whenever your FICO® score of 701 reaches a target score of 701 <--- always keep the target the same as your current/last report score

Y N Whenever one of your accounts has a balance increase larger than X%

Y N Whenever one of your accounts has a balance increase larger than $XX.xx

Y N Whenever one of your accounts shows new activity after being inactive for more than 6 Months