The report reported an increase in balance on 5/21. The it changed again today 6/4.
What I notice is that capone reported TWICE on 5/21.
This is what it reads: 2 of your accounts reported balance increases
These are the POSSIBLE reason according to myfico.
5/21- 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.
6/4- Your FICO® score went down on a day when there were no credit alerts on your Equifax Credit Report™. This can happen if:
* There was a change on your credit report that lowered your score but did not trigger an alert. For example, the balance on an account might have increased enough to lower your score, but not enough to trigger a balance increase alert.
* You moved from one category of credit users to another as time passed. For example, you may have transitioned from the category "consumers with a new credit history" to the category "consumers with a two- to five-year credit history". As a result, your credit report is evaluated differently, causing a slight change in your score. The good news is that moving between categories like this usually offers you the potential to reach a higher FICO® score in the future.
What I notice is that capone reported TWICE on 5/21.
This is what it reads: 2 of your accounts reported balance increases
These are the POSSIBLE reason according to myfico.
5/21- 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.
6/4- Your FICO® score went down on a day when there were no credit alerts on your Equifax Credit Report™. This can happen if:
* There was a change on your credit report that lowered your score but did not trigger an alert. For example, the balance on an account might have increased enough to lower your score, but not enough to trigger a balance increase alert.
* You moved from one category of credit users to another as time passed. For example, you may have transitioned from the category "consumers with a new credit history" to the category "consumers with a two- to five-year credit history". As a result, your credit report is evaluated differently, causing a slight change in your score. The good news is that moving between categories like this usually offers you the potential to reach a higher FICO® score in the future.
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