topic Re: SCOREWATCH ALERT! in Rebuilding Your Credit

SCOREWATCH ALERT!

guydiver — Thu, 26 Apr 2012 14:17:44 GMT

AAAWWWWW man........Got two cards paid off. Still two more to go. I got 8 points for my efforts. Still have baddies.....and over 30% util. But I got a plan.......Gonna have a 800 party, everybody invited.

Re: SCOREWATCH ALERT!

K_J — Thu, 26 Apr 2012 14:31:30 GMT

Congrats

Re: SCOREWATCH ALERT!

2NE1 — Thu, 26 Apr 2012 18:03:58 GMT

@guydiver wrote:
AAAWWWWW man........Got two cards paid off. Still two more to go. I got 8 points for my efforts. Still have baddies.....and over 30% util. But I got a plan.......Gonna have a 800 party, everybody invited.

you're saying that because your balance amount changed to $0 on two cards you got 8 point increase? I thought they didn't send an alert whenever balances decrease... at least that's what I was told. "SW alerts you only when balances increase"

Re: SCOREWATCH ALERT!

Adalen — Thu, 26 Apr 2012 21:11:20 GMT

It doesn't. The SW alert was probably because the FICO score changed and not due to the balance decrease. The balance decrease effects your utility and the lowered utilization is probably what caused a score increase and the score increase triggered the SW alert.

Looks you've come a long way! Congrats! Hope to be in your shoes someday. I also had a SW alert for increased score after a new account started reporting. Small, but I'll take it.

Re: SCOREWATCH ALERT!

2NE1 — Thu, 26 Apr 2012 23:47:25 GMT

@Adalen wrote:
It doesn't. The SW alert was probably because the FICO score changed and not due to the balance decrease. The balance decrease effects your utility and the lowered utilization is probably what caused a score increase and the score increase triggered the SW alert.

Looks you've come a long way! Congrats! Hope to be in your shoes someday. I also had a SW alert for increased score after a new account started reporting. Small, but I'll take it.

I noticed you have Apple on your wallet... as in APPLE FCU? so you're from VA as well? I recently got my car refinanced thru them! they lowered my 26.99% car loan interest to a 9.24%! they're my new fave bank!

Re: SCOREWATCH ALERT!

Adalen — Fri, 27 Apr 2012 00:00:00 GMT

No, I actually didn't know there was a CU called Apple! lol My Apple card is in reference to the computer manufacturer and financed through Barclay Bank.

Re: SCOREWATCH ALERT!

2NE1 — Fri, 27 Apr 2012 00:27:16 GMT

@Adalen wrote:
No, I actually didn't know there was a CU called Apple! lol My Apple card is in reference to the computer manufacturer and financed through Barclay Bank.

LOL! that was my second guess!

Re: SCOREWATCH ALERT!

guydiver — Fri, 27 Apr 2012 05:22:39 GMT

Yes, the alert came from a EQ score increase. I figured I would get a bump when those two cards reported $0 balance. I should get another bump when the third card is paid. That will put me at <50% of revolving accts. reporting a bal., then another when I get below 30% util. I set my score watch to my current score so it alerts for any score change. I also have baddies due to fall off. That's the wildcard that should get me close to 800.

Re: SCOREWATCH ALERT!

GoodCredBen — Fri, 27 Apr 2012 12:57:10 GMT

you will see most of your scoring come once you get that util below 30% llecs has a guide out on it...

Re: SCOREWATCH ALERT!

rx30 — Sun, 29 Apr 2012 09:45:16 GMT

Was it your FICO score that jumped. Im asking because I just within the last month paid 5 credit cards to zero and another 2 to balances of less than 35% util. I havent seen a score change or alert yet. Im really trying to be patient here. Any pointers.

Re: SCOREWATCH ALERT!

golo — Fri, 04 May 2012 22:30:00 GMT

I'm in the same boat,i will pull my score every month on the 10th.I don't think scorewatch moves instantly as your score change,i have pay off 3 credit cards this past month althou i have several baddies,i also pay judgment i have from 5 years ago,i'm waiting for them to update with the CRAs.They have the original account open on my report,i'm hoping that by paying that off and the other credit cards i get a decent bump.We will see,i will report back.