@PuppoHifi wrote:First off, I want to say hello everyone. I'm so grateful this forum is here, it has been very helpful in the past.
I recently had a couple of alerts that my TU and EX have dropped.
Normally I wouldn't worry, but now I have to get an auto loan, and am trying to get my scores up and card balances down.
anyway,back to it.
I got a couple of alerts that my scores dropped (myfico app) EX dropped 8pts (reason stated) "The balance on one of your accounts has decreased by $134" [CP one payed to $0
Also, EX The balance on one of your accounts has decreased by $140 ( payed off amazon card to $0
I still have a $2000 balance on my WF card with a $14k limit. So not everything is at zero.
My TU dropped 16pts reson stated "The total balance on all your bankcard accounts has decreased by $134. This change applies to the sum of all bankcard balances."
Credit change.
But a couple days earlier my TU increased 7pts . Reason stated "The total balance on all your retail card accounts has decreased by $140. This change applies to the sum of all retail card balances."
I'm sorry if all this seams jumbled and hard to understand.
If you guys need any more info pics, screen shots, anything just ask.
The only accounts I have are
1 wells Fargo card w/ 14k limit $
2 Cap one card 1 w/ 3500 limit and 1 w/ 600 limit . both paid to $0
1 Amazon store card w/800 limit paid to $0
None of this makes much sense and lacks consistency . Seams like if charge somthing, my score with either go up or down depending on the day. **bleep** if do and if I don't.
Welcome to the forum.
When you say that the "reason" for a change is what was expressed in the alert, you are attributing a cause and effect relationship which doesn't exist. In fact, you don't know the reason for the score change.
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
@SouthJamaica is right. Case in point: I knew my EX went up after the dust settled on my CapOne fiasco. MyExperian updated over a week ago with my new score, but it didn't update on myFICO. It took the Sync/Care Credit update to trigger the score change. Nothing changed with Sync. It's always 91% because it's a CO that was 1099C'ed and they won't let me pay it off, so it'll stay that way until it falls off next year. The way myFICO updated, it looks like the Sync 91% utilization triggered a 23 point score increase.
