@Anonymous wrote:
Each alert explained why the score changed. And they were both for the same reason.
If not, that then what is it?
Go to the alert.
Click the "Learn more" link.
You will see MyFICO's explanation that the alert and the score change are not connected.
MyFICO doesn’t alert for score changes. They alert for activity on your report: new accounts, balance changes, new inquiries, etc.
At the same time, they give you your FICO score and indicate the change from the last Fico score they gave you. That doesn’t mean the score changed because of that event. It means that is your score at the time of that event.
Your score can change for a multitude of reasons that myFICO does not report (items aging, items deleted/removed, etc.). Your score may have changed 19 times between myFICO alerts and you don’t know because there wasn’t an alertable event.
So it’s entirely possible that the movement in score because of this new loan was the same-but you weren’t aware of other score activity because it wasn’t due to an alertable event.
The score change indicated in the alert is only the amount the score changed from the last time myFICO had an alertable event. It may or may not have anything to do with the alert.
Example: my utilization dropped to below a new threshold. The balances changing resulted in a myFICO alert - which indicated a 27 point score drop on EX. Why? Because my ex went on some campaign to get an old, closed account updated (I was AU on the account) and it was now listed on my EX report (it wasn’t before). It’s closed-so that’s not an alertable event. The score drop was because of the old account-not the improved utilization-but the utilization was the only thing myFICO would alert.
Another example: I had about 12-15 inquiries and new accounts that aged to a year over a 3 week period. Those are not alertable events. During that time, my EQ went up 14 points (from Experian monitoring). MyFICO didn’t alert to anything. I then applied for a new card - the inquiry dropped my score 4 points. MyFICO alerted to an inquiry and reported a score 10 points higher (from its previously reported number). The inquiry dropped my score a little as expected - but there was a lot of other score activity that wasn’t alertable.
At the same time, they give you your FICO score and indicate the change from the last Fico score they gave you. That doesn’t mean the score changed because of that event. It means that is your score at the time of that event.
Your score can change for a multitude of reasons that myFICO does not report (items aging, items deleted/removed, etc.). Your score may have changed 19 times between myFICO alerts and you don’t know because there wasn’t an alertable event.
So it’s entirely possible that the movement in score because of this new loan was the same-but you weren’t aware of other score activity because it wasn’t due to an alertable event.
The score change indicated in the alert is only the amount the score changed from the last time myFICO had an alertable event. It may or may not have anything to do with the alert.
Example: my utilization dropped to below a new threshold. The balances changing resulted in a myFICO alert - which indicated a 27 point score drop on EX. Why? Because my ex went on some campaign to get an old, closed account updated (I was AU on the account) and it was now listed on my EX report (it wasn’t before). It’s closed-so that’s not an alertable event. The score drop was because of the old account-not the improved utilization-but the utilization was the only thing myFICO would alert.
Another example: I had about 12-15 inquiries and new accounts that aged to a year over a 3 week period. Those are not alertable events. During that time, my EQ went up 14 points (from Experian monitoring). MyFICO didn’t alert to anything. I then applied for a new card - the inquiry dropped my score 4 points. MyFICO alerted to an inquiry and reported a score 10 points higher (from its previously reported number). The inquiry dropped my score a little as expected - but there was a lot of other score activity that wasn’t alertable.
