cancel
Showing results for 
Search instead for 
Did you mean: 

Score keeps dropping but nothing negative reporting?

SouthJamaica
Super Contributor

Re: Score keeps dropping but nothing negative reporting?


@SUPERSQUID wrote:

@MrJimBusiness wrote:

Yesterday got an alert that my score decreased 20 points, this is the 2nd time this has happened in a few months. All bills and car payment are showing "Exceptional" payment history. I haven't opened any new lines of credit and my utilization is very low. Nothing out of the ordinary, just paying things on time as usual... weird, what's going on? 


Every No alert i get or have ever gotten has the reason for the increase/decrease in it


There I corrected it for you.  The alerts do NOT contain the reasons for the increase/decrease in them. They are not causally related.

 

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

 


Total revolving limits 698000 (605000 reporting) FICO 8: EQ 721 TU 742 EX 715

Message 11 of 13
SUPERSQUID
Frequent Contributor

Re: Score keeps dropping but nothing negative reporting?

ALERT - CREDIT CHANGE - A NEW INQUIRY WAS ADDED TO YOUR CREDIT REPORT.

Perhaps the fako sites like ck dont give a reason but myfico does

{ BK7 DC 12/2019 } target 500/ kohls 1500/ discover 3k /mercury 3350 /ollo 600 /mission lane 1050/ ikea 750/ firestone 2800 /legacy 2000 /first savings bank cc 2000/ cap1 QS 1800/ cap 1 savor one 3k /fingerhut 1950/ comenity rewards mc 1k
Message 12 of 13
MrJimBusiness
Member

Re: Score keeps dropping but nothing negative reporting?

The alert I got was from Experian. It just says the score dropped  20 points

Message 13 of 13
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.