Alert from Experian!?

[cheffie8]

If I get an alert from Experian saying my balance decreased by $17, and my utilization decreased as well...why did my credit score drop 5 points?

[FicoMike0]

Not enough details to even guess. I don't think 5 points is worth the effort.

[FICOdawg]

You'd have to micro analyze your EX report but will be hard to tease out 5 points.

[Realist]

Going to play a little devils advocate here.

I am a member of all three credit sites.  They give me my report for free.  I also hold 239239423 credit cards, that also give me a free reports.  I get reports for free on Credit Karma.  Additionally, I get reports for free here.

Only, it's through these magical sites like "all three" of free credit report sites, along with credit karma, that suddenly there's an emergency, or a reason to view, or a call to action, or a point drop, or a point move, or a special reason to log in email, coming near daily.  I sit with a healthy FICO score, and yet I receive this call to action to view a 3 point drop on my score - per the gatekeepers that keep and update our credit reports.

I do like details, but honestly, signing up with them has been annoying.  They push it for the dollars and promotions.  

Take nothing these sites say as accurate, at least when it comes down to a few points of movement.  There is always an emergency or motive to act.  The information they provide is great, but they're always pushing something.

[Thomas_Thumb]

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@cheffie8 wrote:

If I get an alert from Experian saying my balance decreased by $17, and my utilization decreased as well...why did my credit score drop 5 points?

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Because the catalyst for the score change has nothing to do with the balance update that triggered the  refresh.

[Zoostation1]

@Thomas_Thumb EX seems more quirky to me than the others.  A few weeks ago I posted about my EX2 Auto  (i know it's probably not worth even caring about) dropping 6pts  on my monthly 3B pull when I reduced AWB from 3/7 to 2/7 and lowered aggregate utilization (with no individual card exceeding 14%).  All other FICO scores (EX or otherwise) stayed the same or rose. I still can't figure that one out. That being said for the OP I agree there's probably more happening in the background that the OP isn't seeing tor trigger the drop.

[FICOdawg]

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@Realist wrote:

Going to play a little devils advocate here.

I am a member of all three credit sites.  They give me my report for free.  I also hold 239239423 credit cards, that also give me a free reports.  I get reports for free on Credit Karma.  Additionally, I get reports for free here.

Only, it's through these magical sites like "all three" of free credit report sites, along with credit karma, that suddenly there's an emergency, or a reason to view, or a call to action, or a point drop, or a point move, or a special reason to log in email, coming near daily.  I sit with a healthy FICO score, and yet I receive this call to action to view a 3 point drop on my score - per the gatekeepers that keep and update our credit reports.

I do like details, but honestly, signing up with them has been annoying.  They push it for the dollars and promotions.  

Take nothing these sites say as accurate, at least when it comes down to a few points of movement.  There is always an emergency or motive to act.  The information they provide is great, but they're always pushing something.

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On this same vein, there are really only a handful of major drivers towards scores and the primer that's on this site isn't often used.

Once I found it, albeit it's a bit dated, but it gave a great insight into the prime movers.   I'm currently guilty of watching the pot boil as I'm still miffed at many aspects of FICO scoring models that don't reflect real risk.    

I fully agree many of the apps are alarmist but score changes creates an excuse to put a CC link in front of our faces.