@Anonymous wrote:So my EQ Fico was 646 as of mid June/2015 when i signed up...today i got an alert and my score went up 12 points to 658. Reasons:
1. An account that hasn't been active for 5 months is now active - this was my QS1 that i dont use, i charged $10 right befre the statement cut to let it report.
2. The Balance on one of your accounts has increase by $10 (same as above)
3. An account listed on your profile has been updated - this is my mortgage i had since Jan/2015...the balance has decrease
I just charged hawaii tickets last night on the venture, wonder how that will affect it.
The first is just a configurable option in the EQ interface and no impact to scoring; possible exception for something like Synchrony which flat out doesn't report unless there's a non-zero statement, but I think Cap 1 does report $0 statements based on my limited experience with them post Orchard acqusition, will check the last update field whenever I get my Cap 1 accounts post mortgage close.
There's been a six month seasoning boundary suggested for tradelines, and that might be a line for recently acquired credit too... if we're making bets, thinking it's #3 for the score change. Likewise if the 6 month thing for inquiry is actually a thing (I've never seen it in my data) presumably you got an inquiry during the mortgage give or take a month earlier which would roll up into a future tracked update since the monitoring solution doesn't offer that sort of detail.
@Revelate wrote:
@Anonymous wrote:So my EQ Fico was 646 as of mid June/2015 when i signed up...today i got an alert and my score went up 12 points to 658. Reasons:
1. An account that hasn't been active for 5 months is now active - this was my QS1 that i dont use, i charged $10 right befre the statement cut to let it report.
2. The Balance on one of your accounts has increase by $10 (same as above)
3. An account listed on your profile has been updated - this is my mortgage i had since Jan/2015...the balance has decrease
I just charged hawaii tickets last night on the venture, wonder how that will affect it.
The first is just a configurable option in the EQ interface and no impact to scoring; possible exception for something like Synchrony which flat out doesn't report unless there's a non-zero statement, but I think Cap 1 does report $0 statements based on my limited experience with them post Orchard acqusition, will check the last update field whenever I get my Cap 1 accounts post mortgage close.
There's been a six month seasoning boundary suggested for tradelines, and that might be a line for recently acquired credit too... if we're making bets, thinking it's #3 for the score change. Likewise if the 6 month thing for inquiry is actually a thing (I've never seen it in my data) presumably you got an inquiry during the mortgage give or take a month earlier which would roll up into a future tracked update since the monitoring solution doesn't offer that sort of detail.
My CapOne had a $141 balance when it reported/alerted on May 24. $4,530 to $141, so the movement is certainly enough to trigger a report. No EQ alert however.
Then the balance went to zero on the next statement, which should have reported at June 24, but no alerts from EQ or EX. The TU All Bankcard balance did change, but I had to reconstruct the sequence of balance changes to find it.
@NRB525 wrote:
@Revelate wrote:
@Anonymous wrote:So my EQ Fico was 646 as of mid June/2015 when i signed up...today i got an alert and my score went up 12 points to 658. Reasons:
1. An account that hasn't been active for 5 months is now active - this was my QS1 that i dont use, i charged $10 right befre the statement cut to let it report.
2. The Balance on one of your accounts has increase by $10 (same as above)
3. An account listed on your profile has been updated - this is my mortgage i had since Jan/2015...the balance has decrease
I just charged hawaii tickets last night on the venture, wonder how that will affect it.
The first is just a configurable option in the EQ interface and no impact to scoring; possible exception for something like Synchrony which flat out doesn't report unless there's a non-zero statement, but I think Cap 1 does report $0 statements based on my limited experience with them post Orchard acqusition, will check the last update field whenever I get my Cap 1 accounts post mortgage close.
There's been a six month seasoning boundary suggested for tradelines, and that might be a line for recently acquired credit too... if we're making bets, thinking it's #3 for the score change. Likewise if the 6 month thing for inquiry is actually a thing (I've never seen it in my data) presumably you got an inquiry during the mortgage give or take a month earlier which would roll up into a future tracked update since the monitoring solution doesn't offer that sort of detail.
My CapOne had a $141 balance when it reported/alerted on May 24. $4,530 to $141, so the movement is certainly enough to trigger a report. No EQ alert however.
Then the balance went to zero on the next statement, which should have reported at June 24, but no alerts from EQ or EX. The TU All Bankcard balance did change, but I had to reconstruct the sequence of balance changes to find it.
The monitoring solutions are meh at this point; information we really want is the date of last activity / update on the credit report vis a vis I haven't used my BOFA Travel Rewards card since january, and I don't have statements generated in my online interface, but like clockwork they still report the $0 balance to the bureaus when looking at the actual reports. My DOLA is 6/12/15 in BOFA's case even without a change in balance or even any transactions on the card.
CK would be the place to go look for historical, I'll check after dinner and see if my old Cap 1 card behaved differently than BOFA in this regard; most lenders work this way.