What the hell is going here!!!

[williamd1972]

I have a Tagert Visa with a 7500 balance.  I use the card all the time, I have never gone over 10% of my card limit. I always pay my balance's in full. Sometime I leave a small balance(20-30$) Last month I paid my balance in full as usaual, so, I go back to target and  spend 49 **bleep** dollars and EQ takes 4 points!! And 14 points the last six months. What the hell do these CRA's Want?!! You pay you bills and they treat you like crap! They have been taking  points from me for the past six month. June I at 720, I now at 705.       please read below    

This decrease in your FICO® score happened on the same day as a change on your Equifax Credit Report™ which triggered an alert. Most likely, the decrease was caused by the credit report change, but this is not always the case. Your score may have dropped because of some change on the credit report that was not reported as an alert. Also, if multiple changes on the credit report happened on the same day, some may have helped the score while others hurt it.

1 of your accounts reported balance increases

TARGET NATIONAL BANK  (XXXXXXXXXXXX9821)
New balance: $49

Show/Hide Details

Account opened: 3/2000
Description: Credit card
Amount in H/C column is credit limit


  Previously reported Newly reported Account balance: $14 $49
You received this alert because this balance increase of $35 (250% of previous balance) exceeded your alert limit of 15%. You can change the settings for this kind of alert here.

Contact: TARGET NATIONAL BANK, C/O TARGET CREDIT SERVICES, PO BOX 673, MINNEAPOLIS, MN, 55440-0673

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.

[Junejer]

Ouch william, sorry that happened. Are there any other cards reporting balances? Any new INQs? I honestly can't even muster a reason why you lose 15 points for going from 1% util to 1% util.

[Anonymous]

That increase only cost you 4 points, and if I had to guess you either went right over a utility threshold (total not just on this card) or you had an extra account reporting a balance.

As for the decrease over 6 months, have any of the following happened? - a new account, an account falling off your report, larger number of accounts with balances (even if they are all really small), or your total length of credit hitting a birthday like 5 years, 12 years, 19 years etc. ?

[Anonymous]

I'd guess there was an additional account reporting a balance.  Typically when I see changes of 4-10 points and there are no inquiries or new accounts to explain the difference, it can usually be traced back to an additional account with a balance.

BTW, I'm sure you mean you have a Target Visa with a $7500 CL, not a $7500 balance.  The balance is the amount you owe at any given time.  The CL is the total amount of your credit line.

[Anonymous]

I do not nor will i ever understand EQ scoring.