myFICO Experian Alert-Very odd

[ladybug2016]

Hi all,

I received a myFICO alert today that an account I'm an authorized user on had a balance INCREASE of $348, and caused my score to increase 3 points?

This confuses me for many reasons, mainly because the utilization is super high now and also because I'm only an AU.

It's a Walmart Store card if that matters.

Anyone know why?

Thanks!!

[Anonymous]

I would assume that there were other changes that occurred but the unknown positive outweighed the negative balance increase

[ladybug2016]

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@Anonymous wrote:
I would assume that there were other changes that occurred but the unknown positive outweighed the negative balance increase

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Thanks, kjohnson31 for your reply!

The alert was specifically for the balance increase/score increase. Wouldn't I have an alert if it were something else too?

New to the 3B product so not sure exactly how the alerts work but that's all it said.

[Anonymous]

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@ladybug2016 wrote:

Hi all,

I received a myFICO alert today that an account I'm an authorized user on had a balance INCREASE of $348, and caused my score to increase 3 points?

This confuses me for many reasons, mainly because the utilization is super high now and also because I'm only an AU.

It's a Walmart Store card if that matters.

Anyone know why?

Thanks!!

---

Could be AoAA went up? Use of retail cards? My DW got a score increase for finally getting and using a store card. Could be a number of things

[ladybug2016]

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@Anonymous wrote:

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@ladybug2016 wrote:

Hi all,

I received a myFICO alert today that an account I'm an authorized user on had a balance INCREASE of $348, and caused my score to increase 3 points?

This confuses me for many reasons, mainly because the utilization is super high now and also because I'm only an AU.

It's a Walmart Store card if that matters.

Anyone know why?

Thanks!!

---

Could be AoAA went up? Use of retail cards? My DW got a score increase for finally getting and using a store card. Could be a number of things

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Thanks for the reply, Harley 14! This FICO stuff is so confusing. Just when I think I understand it, I don't...

[Revelate]

Don't sweat the small swings <10 points, like at all.  That's all normal with a busy report and anyone actively using their credit report is going to see that.

Eventually things trend to a much more steady state: my EQ Beacon 5.0 for example has increased 1 point the entire year.   My FICO 8 (EX/EQ) are pretty flat too... isn't much I can do materially to affect them short of running up balances on my card or something more stupid than that.

[ladybug2016]

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@Revelate wrote:

Don't sweat the small swings <10 points, like at all.  That's all normal with a busy report and anyone actively using their credit report is going to see that.

Eventually things trend to a much more steady state: my EQ Beacon 5.0 for example has increased 1 point the entire year.   My FICO 8 (EX/EQ) are pretty flat too... isn't much I can do materially to affect them short of running up balances on my card or something more stupid than that.

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Thanks so much, Revelate! Good advice and I appreciate it.

Looking forward to the day when my scores are like yours and just stay put!

[NRB525]

+1 to don't sweat the small moves.

Over the last month, after my Diners card started reporting, my EX has been trying to stabilize:

Feb 16: 748 EX

No EX changes for nearly a month

March 10 +7 after INQ for another card

March 16 +9 Diners first reports with $2k and 10% utilization

March 18 -4 AX Delta goes off zero to $300

April 4      -2 PenFed Secured goes to $267 and over 50% utilization

April 8      -9 BofA MC goes from 24% to 22% util.

April 15   +20 Diners goes from $2k to $34 balance.

April 21   -16 Discover CL increases $6k, balance increases $800, Utilization goes from 25% to 20%

April 21 EX = 753. 5 point net increase during two-plus months.