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Is this a MyFico problem?

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Anonymous
Not applicable

Is this a MyFico problem?

 

This was my latest alert:

 

2 of your accounts reported balance increases
ACME CREDIT......
ACME CREDIT  (XXXXXXXXXXXX9999)
New balance: $527

ACME CREDIT  (XXXXXXXXXXXX9999)
New balance: $527



Account opened: 6/2007
Description: Credit card
Amount in H/C column is credit limit


 Previously reportedNewly reported
Account balance:$0$527

You received this alert because this balance which was previously $0 increased to $527. You can change the settings for this kind of alert here.

Contact ACME CREDIT
How balance increases impact your score:A balance increase on an account may lower your FICO® score.

A large balance on an account, or balances on many accounts, can be a sign that you may be having trouble paying back debts. Since your FICO® score measures the chances that you will pay back a debt, larger balances or balances on more accounts can lower your score.

"Maxing out" a credit card or other line of credit is when the balance on the account comes close to the account's credit limit. This can dramatically lower your FICO® score because it is often a sign of a consumer who desperately needs credit and may not be able to pay it back.

The drop in your FICO® score caused by a balance increase can be reversed by paying down the balance.

 

 

When this reports it is the exact same account reported twice.  I looked back and have noticed this a couple of other times.  I have a very large limit (>10,0000) so it really doesnt hurt my utilization % since I am always around 1% or less per month.  Any insight?

Message 1 of 4
3 REPLIES 3
vanillabean
Valued Contributor

Re: Is this a MyFico problem?

If you expand the two alerts using the More Info buttons, does one say "exceeded your alert limit of $5" and the other "exceeded your alert limit of 5%"?


Message 2 of 4
Anonymous
Not applicable

Re: Is this a MyFico problem?

One does say exceeded your alert by $5, but the other says nothing just that there was an increase.

Message 3 of 4
llecs
Moderator Emeritus

Re: Is this a MyFico problem?

SW sometimes reports double due to info they've received from EQ. I'd ignore one. You don't have two accounts.

Message 4 of 4
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