Inactive card reporting question

[Anonymous]

@Saeren: Wow, that is totally not cool. I guess thats just on that FI. I haven’t noticed anything like that with any of my cards. The worst that will happen is every now and then one might miss reporting for a month and then catch up later.

[Anonymous]

It’s annoying. 

[HeavenOhio]

@Anonymous, could you take a look at your AMEX card on your reports? If yours is like mine, won't be reporting the date of last activity. For that reason, I prefer to leave a positive balance on the card.

By the way, myFICO dumped the Equifax inactivity alert about a month ago. From their e-mail: "We phased out two Equifax-only alerts: Balance Change by % and Inactive Account Activity."

[Anonymous]

@HeavenOhio: I am getting a date of last activity from EQ. It was a brand new account so I got a wait till I pull my next 3B to see if an activity date is reported for the other two bureaus.

Thank you for the heads up about the alerts being dropped 😉

[Anonymous]

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@HeavenOhio wrote:

By the way, myFICO dumped the Equifax inactivity alert about a month ago. From their e-mail: "We phased out two Equifax-only alerts: Balance Change by % and Inactive Account Activity."

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That's another reason to be sure that these alerts never had anything to do with the actual FICO scoring models. Hard for me to imagine them dropping alerts that had any kind of causal relationship to scores.

As many others have said, the programmers of the CMS initially put them in to help a consumer protect himself against fraud.

[HeavenOhio]

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@Anonymous wrote:
@HeavenOhio: I am getting a date of last activity from EQ. It was a brand new account so I got a wait till I pull my next 3B to see if an activity date is reported for the other two bureaus.

Thank you for the heads up about the alerts being dropped 😉

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I'd be interested in hearing about what you see. We may want to start a thread that surveys members about whether or not AMEX reports this field.

[Anonymous]

@HeavenOhio: My 3B is due at the end of the month and I’ll probably take it at least within a week of then, so remind me and I’ll update you if I don’t recall.