@Anonymous wrote:I'm unsure as well. I paid off my collections and they've all registered/updated on my report weeks ago. On FICO, the alert just says "the total balance on all of your personal finance accounts decreased by $268."
My SL is the only loan I have and it dropped to $15,117 from $15,385.
so I'm just confused.
Your score did not drop due to the balance change - something else happened between the last time your score was updated and the time of the balance change.
On myFico, alerts are not always the cause of a score change; alerts simply result in an update to your scores. MyFICO doesn't update your score unless an alertable event occurs - a balance change is an alertable event, but something like an old account dropping off- which can also affect your scores - is not an alertable event so you would not be notified of the account removal or any score changes resulting from it. In such a case, instead - the next time an alertable event occurred, you score would update and the score change from the account removal would be seen it that time. It's an unfortunate feature of myFICO that makes it difficult to determine why scores have shifted.
10 points is pretty insignificant in the grand scheme of things - could be increased utilization on revolving accounts, or the addition of a new account perhaps?
All $0 revolving penalty sounds very likely. I get those head-scratching alerts on myFICO all the time; just have to remember that something that didn't trigger that alert may have caused a score change. "The balance on your card increased $12,000 +5 TransUnion" and "The balance on your card decreased $800 -12 Experian."
