Fico bump

[Anonymous]

sombody explain please. thought lower credit utilization was better for scores

fico yesterday  654     fico today 678

BALANCE AMOUNT INCREASE DETAILS
CAPITAL ONE
ACCOUNT BALANCE
from   $219   to  $532
 nothing else changed   

[Anonymous]

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@Anonymous wrote:

sombody explain please. thought lower credit utilization was better for scores

fico yesterday  654     fico today 678

BALANCE AMOUNT INCREASE DETAILS
CAPITAL ONE
ACCOUNT BALANCE
from   $219   to  $532
 nothing else changed   

---

Well you may not think anything else changed but it did and the alert for the increased balance just showed you the higher score.  Many things that affect your credit score are difficult to detect and do not generate an alert and only show up in the form of a higher or lower score when something else causes the alert.

[tonyjones]

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@Anonymous wrote:

sombody explain please. thought lower credit utilization was better for scores

fico yesterday  654     fico today 678

BALANCE AMOUNT INCREASE DETAILS
CAPITAL ONE
ACCOUNT BALANCE
from   $219   to  $532
 nothing else changed   

---

On time payment history and AAoA changed, maybe inquiries aged also........ lots of factor.

[racer-x]

So lets say his AAoA became a month longer/older, and 1 inquiry fell off, but he increased a balance by $400...

How in the world would that net a 24 pt increase?  I decreased my balances by $20k last month and only gained 30 pts.   Then had a single balance increase of $44 and lost 5-6 pts.

Everybody in defense of myfico always say "there are so many variables, so many factors that could have changed".   It's a scam to provoke people into buying reports every other day, like me.

Looking at the OPs statement, we should all let our balances increase by $400 and enjoy a nice 20+ pt increase.

Sweet, I'm going on a shopping spree.

[Anonymous]

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@racer-x wrote:

So lets say his AAoA became a month longer/older, and 1 inquiry fell off, but he increased a balance by $400...

How in the world would that net a 24 pt increase?  I decreased my balances by $20k last month and only gained 30 pts.   Then had a single balance increase of $44 and lost 5-6 pts.

Everybody in defense of myfico always say "there are so many variables, so many factors that could have changed".   It's a scam to provoke people into buying reports every other day, like me.

Looking at the OPs statement, we should all let our balances increase by $400 and enjoy a nice 20+ pt increase.

Sweet, I'm going on a shopping spree.

---

It's not a scam, if you buy a report every day, that's on you.  Whether your score goes up or down, there is absolutely no reason to buy a report every day or even once a week.  Nobody is coming to the 'defense' of MyFico, we are explaining how it works to the best of our understanding and whether you understand it or not, unknown factors that don't provoke alerts, play a large role in your credit score.  Are there times I wonder why I get alerts with score changes that seem to make no sense?  Sure, but it's not part of some conspiracy.

[racer-x]

Saying that there are 'many variables, many models, many stats, many molecules in an atom' doesn't explain anything.

Hey, you wanna know why the sky is blue?  It's because it's not red. 

It's getting old hearing the same ole song and dance.  When these threads arise, let's just say 'we don't know', because in reality, nobody really does know except the fico supercomputers.  We can 'GUESS' what causes what, but it seems the guesses are exactly that.  They're not even informed guesses most of the time.

[Anonymous]

 i assure you .....  nothing else changed.   I only have 3 CC.   no inquires (on or off)  No baddies deleted   (3 still)  only thing 

changed was utilization.   

[Anonymous]

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@racer-x wrote:

Saying that there are 'many variables, many models, many stats, many molecules in an atom' doesn't explain anything.

Hey, you wanna know why the sky is blue?  It's because it's not red. 

It's getting old hearing the same ole song and dance.  When these threads arise, let's just say 'we don't know', because in reality, nobody really does know except the fico supercomputers.  We can 'GUESS' what causes what, but it seems the guesses are exactly that.  They're not even informed guesses most of the time.

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If you don't like our responses, that's on you.  Of course we don't know the exact answer.  The scoring algorithm is proprietary to MyFico and they're not about to share that info with me , you, or anyone else.  You seem a bit obsessed with these posts and if you don't think our responses are 'informed', so be it.  It still doesnt change the FACT that scores are changed by factors that you are unaware of and when you get a MyFico alert about a score change that the reason listed for the alert isn't the reason. I'd suggest you review the thread about the reasons for alerts and see that they're very limited and don't include anywhere near all the reasons for a score change.

No one in this thread said that they know the reason for the score change so I think your rant is off base.

[Anonymous]

not ranting.   not obsesing about a score.   mostly I think my Question is more in line with what you have been preeching.

micro managing for a score is pretty usseless when you don't even know all the rules.

[Anonymous]

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@Anonymous wrote:

not ranting.   not obsesing about a score.   mostly I think my Question is more in line with what you have been preeching.

micro managing for a score is pretty usseless when you don't even know all the rules.

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I didn't assume you were ranting.  You asked a legitimate question that comes up often.  You're right, there is no reason to obsess over the ebb and flow of credit scores unless you're about to make a major purchase like home or auto.  It would be nice if we were privy to every factor that goes into a credit score but that's never going to happen and sometimes we have to accept, whether it seems fair or not, that score changes will happen for reasons we don't know.