TransUnion:
⚠️TRADE OFFER⚠️
I get: +$1 balance. | You get: -3 points
A fair trade. ..love it!
/s
@staticvoidmain wrote:TransUnion:
⚠️TRADE OFFER⚠️
I get: +$1 balance. | You get: -3 points
A fair trade. ..love it!
/s
You're making the incorrect assumption that there is some connection between the score decrease and the balance increase. There isn't.
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
