On May 21st according to my scorewatch, i had a $1004 revolving balance (52% of total util)
Cap one finally corrected my EQ to the correct balance of $30.
According to the sim if my balance was about $30, my score would jump between 633-673 (on this may 21st report my EQ fico was 623)
So i bought a report and till t this day no jump at all. The only jump I had was from an HSBC account reporting after a10 months
I was hoping that myfico would catch but nothing. I had a no-alert today. That's just not right. So by paying down this big amoutn and bringing my util to 1% from 52% i get no jump? There is something wrong here.
Hoping the admins or mods could shed some light on that.
@Barry wrote:Hi CS800,
No jump at all? How do you figure that your score increase that puts you well within the simulated range was solely due to your HSBC reporting and not due at all to the reduction in utilization? I'm not saying you're wrong, but just wondering how you know that?
Also, did you not receive the alert sent on 6/17 advising of your score increase?
-Barry
Hello Barry,
The jump I got was solely from the HSBC, reason why I say that is when you get an alert, and click on more info, the only thing there was HSBC reporting after 10 months of not reporting a 0 balance.
According to the FICO sim, just by cap one reporting $30 instead of $1004 which should make my util go from 52% to 1%, my scores should have been 623 to 673.
So from my util going down drastically, I didn't get any boost. That's why I'm thinking there is something buggy at least with my EQ SW.
So my score was 623, i used the sim then and simulated a balance of $30 with cap one it said 633-673
-----------
The on June 4 I get this alert and my score goes up by 3 points :
| Your FICO® score has gone up to 626 on June 4, 2011. |
 | Target score alert: | Your FICO® score has exceeded your target score of 623. |
Your FICO score may have gone up because the following 4 factors are not hurting your FICO score as much as before:
|
Then on the 17th I get this HSBC alert and my score shoots to 640:
 | Your FICO® score has gone up to 640 on June 17, 2011. |
| Target score alert: | Your FICO® score has exceeded your target score of 626. |
Changes to your credit report
This jump in your FICO® score happened on the same day as a change on your Equifax Credit Report™ which triggered an alert. It's likely that the change in your credit report caused your score to go up, but this is not always the case. Your score may have changed for other reasons, such as paying back your debts responsibly, which isn't always reported as a credit alert. Also, as factors that were hurting your score get older, they have less of a negative impact on your score. In addition, if multiple changes on the credit report happened on the same day, some may have hurt the score while others helped it.
1 of your previously dormant accounts reported recent activity
|
So as you can see from 623 to 640 had nothing to do with Cap One. But with my latest SW, now Cap one is reporting the correct balance of $30. This in itself as I said brought my total util from 52% to 1%
So i was hoping that i should have gotten a nice boost from this. Am I wrong?
So, I was told by a mod on here that the reason why I didnt get a boost is because i probably have a dispute ongoing for this Cap One account which I did. I disputed to have Cap One report the correct balance and so they did. They sent me a letter stating that my balance is now $30 instead of $1004.
Also got a letter from Equifax stating that investigation has been completed and showed me exactly waht Cap one sent me.
That said, I wanted to see how to remove the dispute from this cap one account from my credit report.
I called Equifax todaya nd the nice lady confirmed that the dispute comment was removed June 17th. They got the request from Cap One saying investigation was completed and dispute has been resolved. So the Equifax saw that in the dispute history, there was a dispute but it was removed Jun 17th. What she said was that SW probably hasnt updated their system yet or that my account needed to be refreshed by SW or myfico (yes she was aware of myfico 
)
The latest EQ SW report that i bought was on June 17th (what a coincidence) . When I print the SW full report, I still don't see the account being in dispute status. Normally on the report it would be under description if there was an ongoing dispute.
But the same day i went to annualreport.com and got my free EQ for the year and I didn't see any dispute for Cap One or any other accounts. So where would I see the dispute in an account is being disputed?
-------------------------------------- Info from SW full report---------------
Cap One Jun, 2011
| Jun, 2011 |
| Feb, 2008 |
| Mar, 2011 |
| $1,100 |
| Revolving |
| Individual |
| $35 |
| All Banks |
- Credit Card
--------------------------------------------------------------
So not sure what's going on with my EQ SW. HELP !!!!!
@CS800 wrote:
So, I was told by a mod on here that the reason why I didnt get a boost is because i probably have a dispute ongoing for this Cap One account which I did. I disputed to have Cap One report the correct balance and so they did. They sent me a letter stating that my balance is now $30 instead of $1004.
Also got a letter from Equifax stating that investigation has been completed and showed me exactly waht Cap one sent me.
That said, I wanted to see how to remove the dispute from this cap one account from my credit report.
I called Equifax todaya nd the nice lady confirmed that the dispute comment was removed June 17th. They got the request from Cap One saying investigation was completed and dispute has been resolved. So the Equifax saw that in the dispute history, there was a dispute but it was removed Jun 17th. What she said was that SW probably hasnt updated their system yet or that my account needed to be refreshed by SW or myfico (yes she was aware of myfico
The latest EQ SW report that i bought was on June 17th (what a coincidence) . When I print the SW full report, I still don't see the account being in dispute status. Normally on the report it would be under description if there was an ongoing dispute.
But the same day i went to annualreport.com and got my free EQ for the year and I didn't see any dispute for Cap One or any other accounts. So where would I see the dispute in an account is being disputed?
--------------------------------------------------------------
So not sure what's going on with my EQ SW. HELP !!!!!
If the account is in dispute, it would say so in the "description" are part of the trade line on the myFICO report.
-Barry
@Barry wrote:
@CS800 wrote:So, I was told by a mod on here that the reason why I didnt get a boost is because i probably have a dispute ongoing for this Cap One account which I did. I disputed to have Cap One report the correct balance and so they did. They sent me a letter stating that my balance is now $30 instead of $1004.
Also got a letter from Equifax stating that investigation has been completed and showed me exactly waht Cap one sent me.
That said, I wanted to see how to remove the dispute from this cap one account from my credit report.
I called Equifax todaya nd the nice lady confirmed that the dispute comment was removed June 17th. They got the request from Cap One saying investigation was completed and dispute has been resolved. So the Equifax saw that in the dispute history, there was a dispute but it was removed Jun 17th. What she said was that SW probably hasnt updated their system yet or that my account needed to be refreshed by SW or myfico (yes she was aware of myfico
The latest EQ SW report that i bought was on June 17th (what a coincidence) . When I print the SW full report, I still don't see the account being in dispute status. Normally on the report it would be under description if there was an ongoing dispute.
But the same day i went to annualreport.com and got my free EQ for the year and I didn't see any dispute for Cap One or any other accounts. So where would I see the dispute in an account is being disputed?
--------------------------------------------------------------
So not sure what's going on with my EQ SW. HELP !!!!!
If the account is in dispute, it would say so in the "description" are of the trade line on the myFICO report.
-Barry
So Barry, i'm still confused as to why my Cap One util going from 52% to 1% didn't give me any boost.
Note that I went from 623 to 640 while my Cap One was still reporting $1004 (92% util)
Then when I bought the following SW report and score, it showed Cap one with balance of $30 (util of 1%)
But my score didn't move at all. I'm desperately trying to find the logic here.
@CS800 wrote:
@Barry wrote:
@CS800 wrote:
So, I was told by a mod on here that the reason why I didnt get a boost is because i probably have a dispute ongoing for this Cap One account which I did. I disputed to have Cap One report the correct balance and so they did. They sent me a letter stating that my balance is now $30 instead of $1004.
Also got a letter from Equifax stating that investigation has been completed and showed me exactly waht Cap one sent me.
That said, I wanted to see how to remove the dispute from this cap one account from my credit report.
I called Equifax todaya nd the nice lady confirmed that the dispute comment was removed June 17th. They got the request from Cap One saying investigation was completed and dispute has been resolved. So the Equifax saw that in the dispute history, there was a dispute but it was removed Jun 17th. What she said was that SW probably hasnt updated their system yet or that my account needed to be refreshed by SW or myfico (yes she was aware of myfico
The latest EQ SW report that i bought was on June 17th (what a coincidence) . When I print the SW full report, I still don't see the account being in dispute status. Normally on the report it would be under description if there was an ongoing dispute.
But the same day i went to annualreport.com and got my free EQ for the year and I didn't see any dispute for Cap One or any other accounts. So where would I see the dispute in an account is being disputed?
--------------------------------------------------------------
So not sure what's going on with my EQ SW. HELP !!!!!
If the account is in dispute, it would say so in the "description" are of the trade line on the myFICO report.
-Barry
So Barry, i'm still confused as to why my Cap One util going from 52% to 1% didn't give me any boost.
Note that I went from 623 to 640 while my Cap One was still reporting $1004 (92% util)
Then when I bought the following SW report and score, it showed Cap one with balance of $30 (util of 1%)
But my score didn't move at all. I'm desperately trying to find the logic here.
Hi CS800,
The only thing I can suggest is that perhaps neither the drop in util on the one card nor the overall drop in util was enough to raise your score. Sounds crazy, but it happens.
-Barry
Ok thanks for the heads up, on the positive side, my EQ went up today by 6 points and is now equal to my TU