I got an alert from Experian for a score increase and I can't figure out why exactly...
Who wants to try to solve this?
Maybe it's the dispute in my favor, but as you see from the last one, it's usually completed before the score boost.
Nothing of any significance otherwise hashhas so I'm not sure what to be looking for. Thoughts?
I'll be happy to give out any dps, HPs/Account ages, etc.
@Anonymous Let's do this 🤣
@Anonymous wrote:It could be any number of things. More info about your profile would be needed to even try and guess.
Me, personally, I’ve seen point gains at that amount when
1) I’ve crossed an aggregate utilization threshold ie going from 14% to just under 10%
agg util has been around 2% since Oct.
2). I’ve had all cards below 10%
same
3). I’ve reached a milestone in my on time payment streak. Ie it’s been 5 yrs since 2 of my 90 day lates causing me to change scorecards or 2 yrs the other time
last late payment was 6yXm ago.
30/60/90/closed starting in Dec 2013. Only derog on Experian. The dispute in the picture was asking EE for that account.
4) a threshold crossed in regards to AAoA has been crossed.
according to EX app, AAoA is 1y5m.
Oldest account 1y.
Newest account 3m.
5) a negative fell off but some other negatives remain weighing the score down so that only 10 point gain seen
See 3). But the account and lates are still reflecting on the app. EX is otherwise clean.
Im sure there are other causes that are only known to the Fico algorithm that we’ll never know
Somewhat the motivation of the thread.
Thanks for anyone who chimes in, just not sure what it might be.
Not really sure, but some on this forum think there may be a small bump from an account crossing 3 months. I'm not sure about that as I never saw anything for 3 months. The oldest crossing the year mark would be my guess or some other aging factor that caused you to get a gain.
Disputes cause accounts to be excluded from scoring while they are opened. This could be it too.
@RSX wrote:i think when you file a dispute, they take that account/derog off your reports while they investigate
so when the dispute comes back, you may keep the points if it was valid - or lose those points if it is denied
Ahh interesting. Maybe!
I do notice in the alerts for the last dispute, there wasn't a point gain until it was over. Not to say it can't be that but interesting nonetheless.
Edit: then again it only took 15 hours for them to settle it so maybe it didn't have time to kick in.