Balance Decrease = Score Decrease?

So, I got an alert today which says that my credit card balance decreased by 55% which lead to a 6 pt drop in my score. Does this sound right? If I am paying off my credit card balance, why is my score dropping instead of increasing? Please hep me understand...

If you are speaking of myfico alerts ... they are not reliable to pin point the reason of a score increase or decrease. There is something in the background happening that decreased your score. Like a hard pull, a collection update, etc.
Myfico will give you an alert of an account change then at the same time show you a point change but they are not necessarily directly related.

Similar Messages

Why is my balance decreasing

Ok so i only bought 4 games (.99 cent ones)Games are, "Pocket God,Pocket God Uranus,Zombieville 2,and Impossible game.At first my balance was 15 dollars before i bought anything and the next day I ended up with $2.25!Why is Happening i only bought 4 games that are ONLY .99 cent ones?

Have you logged into your account an looked at your purchase histore for other chargers?

PayPal balance decreasing?

Hello. I use SGD (Singapore Dollars) and I had been automatically losing money for no reason and it would not show up in my transaction history, I have changed my currency to USD to see if this would solve the problem, but I need to know what happened to my money, it went from $911 to $905 in just a span of 3 days. Please help me.

Sounds as if it may have been sent to you by mistake, in which case keep it in your balance and refund it if you get a request to do so. If you withdraw it and later get a dispute you would have to re-pay it anyway.

Balance dropped, score dropped. FICO scores a mystery.

They only reason to pay for the service of credit monitoring here on myFICO is so you have some idea of where you stand when you apply for any type of credit or loan. All the information about understanding FICO scoring is all cookie cutter garbage that you can read on any other "credit monitoring" service. And the people that work for myFICO have no idea what they are talking about either. They just repeat the same cookie cutter garbage I was just mentioning. I really hope they are providing their "services" for free, because if they receive any kind of compensation, it is undeserved. My statement balance on my American Express Everyday card went from $50 to $0 and my scores dropped by 11, 12, and 17 points (Equifax, TransUnion and Experian.) I brought the statement balance back up to $50 the VERY next month. Did my scores recover the lost points I just lost a month ago? No. And I am sure all these "credit experts" will say, "something else in your report must have changed." That is code for, "I have no idea what happened, I am just as clueless as you why your score changed the way it did." The precise formula for generating your FICO score is a well guarded secret. It is the same formula used in determining battle damage to your characters in the old Sega Master System game Phantasy Star. Sometimes when attacked, your character would lose 6 health points, other times 80 health points, and even other times 3/4ths of your total health, and so on and so on. This is how FICO scoring works. The formula basically goes, OOGA BOOGA, OOGA BOOGA, this is your updated score. The only advice on this site (again which you can find on EVERY other credit monitoring service) that is worth anything is what responsible credit habits you should be practicing. Other than that, just hope for the best. Your score is a mystery, and it always will be.

Beavakos wrote:
What difference does it make if there are any negatives on my report? I lost points for doing something negative, which is bringing my balance to zero, than returning it back to its previous balance. THAT IS ALL I DID. I thought time heals all wounds when it comes to credit. Any credit missteps I might have had taken should be corrected with time. I really don't know how to make this any clearer. Nothing in my report changed except TIME. If I have two dollars in my bank account, and spend one dollar, then deposit one dollar, I should have now have TWO dollars AGAIN. ?????????????????I understand what Beavakos is saying here and we all get it. Most of us love analyzing data which is why we are here after we've already cleaned up our reports and greatly increased our scores. Again, I understand how Beavakos feels - it is said time and again that UTIL has no memory and what is lost due to UTIL will be regained - well, not always true. Looking strictly at the data two things changed on Beavakos' report: 30 days were added to age and UTIL went from something above 0% to 0%, then back again and yet Beavakos' score did not fully recoup the loss. The reason for this, I think, is very clear - we do not know as much as we think we know about FICO or any other scoring algorithm. If I lost 10 points for going from 5% UTIL down to 0% UTIL but then gained those 5 points back by raising my UTIL to 5% again then scoring algorithm's are not as complicated as they are made out to be and are thus not worth paying for. The previous scenario is simple math and if indeed it was only that I should be able to retest that hypothesis time and again and get the same exact results - not happening. That said, I do not believe that scoring is a crap shoot or something only a witch doctor can understand. It is a complicated mathematical equation that has 100's, if not 1000's, of factors all having a different weight at a different time and I believe there is no one that can determine with 100% accuracy the effect any one factor, forget about multiple factors, will have on your score. Not even the people who wrote the code would know as no one person wrote the whole code. We should probably stop getting so frustrated with how our scores react to the different changes in our reports. The reason we get upset is that we think this is some simple black and white game and it's not. It is very complicated and we will never know what we want to know to the accuracy level we want to know it. What's important is we know what hurts our score to a high degree and what helps our score to a high degree. Take care of all those things we know about and your score will go up; don't take care of those things and your score will go down. After that it is just a game we play to see how we can get to 800...

Tips to bump up score little bit

I am wondering what my strategy should be to bump it up a little. I looked and consistently myfico shows that even a small payment/balance decrease bumps it up but even a small charge of like $15.00 drops a few points. Hence, I'm running all my cards at 0. Here's what I don't get: a mortgage hard pull INCREASED my score 11 pts!!? Can anyone explain this??? The exact same item reporting in March bumped it 8 points and then in June dropped it 11. I'm losing it here trying to understand. We are tight for an FHA so the slightest change could tip us. I have some lates being deleted, hopefully that will bump it up again.

I am wondering what my strategy should be to bump it up a little. I looked and consistently myfico shows that even a small payment/balance decrease bumps it up but even a small charge of like $15.00 drops a few points. Hence, I'm running all my cards at 0. Here's what I don't get: a mortgage hard pull INCREASED my score 11 pts!!? Can anyone explain this??? The exact same item reporting in March bumped it 8 points and then in June dropped it 11. I'm losing it here trying to understand. We are tight for an FHA so the slightest change could tip us. I have some lates being deleted, hopefully that will bump it up again.

In House Cash account balance did not reduce after executing F111

Hi,
This is regarding external payment via IHC.
Subsidiary 3000 with IHC account 3000010 is paying Vendor A.
3000 execute F110 payment run and AP open item is cleared.
Payment order is generated and posted. Payment request is created.
IHC 3000010 account balance decrease by the payment amount.
IHC 1000010 account balance increase by the payemnt amount.
Company code 1000 with IHC account 1000010 execute F111 to pay the external payment.
After payment request is executed. Balance in 100010 does not decrease.
Why is it so?
I dont think this is correct. Appreciate your response and assistance.
Cheers.

Hi,
This is regarding external payment via IHC.
Subsidiary 3000 with IHC account 3000010 is paying Vendor A.
3000 execute F110 payment run and AP open item is cleared.
Payment order is generated and posted. Payment request is created.
IHC 3000010 account balance decrease by the payment amount.
IHC 1000010 account balance increase by the payemnt amount.
Company code 1000 with IHC account 1000010 execute F111 to pay the external payment.
After payment request is executed. Balance in 100010 does not decrease.
Why is it so?
I dont think this is correct. Appreciate your response and assistance.
Cheers.

Automatic Payment Program (F110)

Hi folks,
I had a question regarding tcode F110. I believe my payment run went through in the Sandbox because I got the following message below:
<i>Parameters have been entered
Payment proposal has been created
Payment run has been carried out
Posting orders: 1 generated, 1 completed</i>
However, my question/s are these: <b>How do I check to see if the vendor got paid? Do I simply do a FK10N and see if the balance is zero for the particular Vendor? Does the balance in my Bank account decrease? Can I check in the system to see if me bank balance decreased?</b> My main bank account and subaccounts don't show any outflows of money that is used to pay the vendor.
Thanks in advance!
Message was edited by:
United 99
Message was edited by:
United 99

Hi
With the knowledge I have gathered in SAP,will try to resolve ur query
First after the payment run has been made, entries are passed for the
vendor A/c Dr
To Bank disbursement A/c
so the effect will be seen in the vendor line item display and the payment will be done.
The bank payment medium will create an advice and will send to the Banks via the interface.
The details will be received by the Bank and the amount will be transfered from our bank account to vendor bank account.
Our Bank will again send the file to SAP and the accouning entry will be
Bank Disbursement A/c
Main Bank A/c
So the setings for all above are in FBZP and in SPRO under electronic Bank statement node.
The reduced Bank balance is not seen in FBZP.It is only shows how much maximum the bank can have balance to have a clean payment run.
I think this will help you....

Ageing Analysis for ARE Documents - Clarification

HI,
1.What is the Purpose if ageing analysis for ARE ? and when it will be helpful ?
2. When i click on the Document system is showing is ARE Status numbers, each one have its own purpose can any one guide me
3. how it is helful to the Enduser ?
because i am new to CIN so please guide me
Reagrds,
Anu

You can use Tcode J_1I_ARE1_AGEING_ANALYSIS for SAP Report on Excise Bonding's Ageing analysis related to ARE1 document.
Excise Bond is a document that effectively licenses a manufacturing plant to remove goods from its premises without paying basic excise duty, on condition that the goods are then exported. These bond covers a fixed amount of excise duty. The excise duty of the goods exported under bond cannot exceed the bond value.
In the system, the term "excise bond" also covers letters of undertaking, and all of the excise bond functions apply equally to letters of undertaking, unless stated otherwise.
When you obtain a bond from the excise department, enter it in the system. The system numbers each bond automatically.
When you assign an ARE-1 to a bond, the system automatically warns you of any reservations that have already been made against the bond.
The system keeps track of the bond balance for you. When you post an ARE-1, the bond balance decreases automatically. In the case of running bonds, the balance increases again when you close the ARE-1.
Once an excise bond is no longer of any use to you, for example, if it expires or if you have exhausted a fixed bond, you can close it. This prevents any users from using it afterwards.
So, these kind of report will assist a user in day-to day ARE1 related activities.
Further, in Statement Regarding Export of Excisable Goods will show selection screen. Where you specify which parts of the statement you want to prepare as follows:
I
All stock removals without payment of duty
II
All removals from previous quarters for which you have not yet received a confirmation of receipt from the customs office
III
All stock removals that will exceed the export period by the end of the month
IV
All removals that you have reversed
V
A list of your bonds with their balances
Hope this assist you in understanding.
Thanks & Regards
JP

Random GPRS usage on N73 (ME)

Hi,
I just got a N73 music edition (originally an Orange phone, but unlocked) on O2 pay as you go.
Everything is working fine but my balance is decreasing around 1p every 15 minutes (~£1 per day, which is more than a contract phone costs!). Discussing this with O2 it is due to GPRS data, they are being helpful and have refunded me so far, but the problem continues.
I am trying to identify the program that is causing the GPRS data usage, as there shouldn't be any! There are no back ground applications running and it is decreasing when the phone is idle.
So far I have:
- Remove email mailboxe, to make sure it is not checking for email
- Disabled Network access for the search plugin
- Reconfigured the GPRS/WAP setting 3 or 4 times (these are correct)
- Changed Settings -> Connection -> Packet Data conn. to "when need" (O2 advised this)
But it still continues. Has any one any suggestions into what could be causing the GPRS data usage? and how to disable it?
Thanks
(P.S. the phone has the latest firmware and I have only installed OggPlayer and calcuim, but this was happening before I installed these)

Well i have installed the virus scanner which has not found any viruses, but I have used it to block all GPRS traffic, which has stop my balance decreasing.
This is only a temp workaround thou as the virus checker runs out in a month.
One other thing is the phone has a "protected" Orange internet Access point setup, that i can't remove. Does anyone know how to remove these?
Its possible it would be removed by reseting the handset, but there again it may be build into the firmware.Message Edited by mbell666 on 29-Jun-200710:07 AM

Missing Applications yab on my iPhone

I tried to help a friend install apps on her iPhone. We selected a few apps (some free, some not) from the iTunes store and synced. Afterwards, we observed that no new apps were on the phone. I looked at iTunes, thinking some setting wasn't right, and realized that there was no Applications tab next to Videos in iTunes. I've never seen iTunes without an Applications. The only thing I can think of that is different between our computers is she uses an iTunes credit card to pay for apps and I don't. Her credit balance decreased for the non-free apps we selected, but they did not download either. And we got no errors on the sync.
Does anyone know why iTunes would be missing the Applications tab for an iPhone?
DJ

I would guess they're in there somewhere. Folders?
http://www.apple.com/iphone/built-in-apps/
The User Guide is available at http://support.apple.com/manuals/ or downloadable from iTunes as an iBook.

In the name of hearing loss and equal access, there needs to be a balance control for people who have decreased hearing in one ear only. It is STILL not available in itunes YET, despite MUCH clamor. WE NEED BALANCE/Pan/L-R control!

OK, there's been complaining about this for YEARS, and now I have a relative who has extreme hearing loss in one ear (not deaf) and usually compensates by turning up the balance on her speakers/ipod to the left or right side in order to compensate.
Also, as a musician and a guitar teacher, I make teaching audio tracks that have a particular part on the left or the right side only, and which needs to be "muted" by panning to the opposite side, then the student can play to the backing track without that part. Of course, then they can adjust the balance back and check themselves. This is also done with a LOT of jazz teaching exercises, etc...
Apple-PLEASE give us an elegant, easy to get to way of adjusting balance WITHIN ITUNES. Most of us us professional grade equipment and sound interfaces, and care deeply about the quality of sounds we make. we do NOT want to have to keep going into Prefs in order to adjust balance, and a LOT of high end sound interfaces don't allow that anyways anymore.
PLEASE PLEASE PLEASE fix this Apple. It should be easy, it should be done in the name of compassion for those with one sided hearing loss if for no other reason, but I've outlined other reasons to do it as well.
AND I'll repeat this for the people who won't read what I wrote---WE DO NOT NEED TO BE TOLD TO "ADJUST IT UNDER PREFERENCES"---that defeats the point of having a simple solution, and it certainly won't work on an ipod.
HELP! You guys can fix this IMMEDIATELY if you will just DO IT! I cannot stress how important it is to the music community as a whole...
Why has this not been done before now? Even the cheapest, sorryest stereo receivers, players, etc., in the world have ALWAYS had a "balance" control along with a "bass" and "treble" even at their simplist. Its PAST time for iTunes to become something better. WAY PAST.
AND AGAIN---DOING IT THROUGH PREFERENCES IS NOT POSSIBLE FOR THOSE OF US USING "REAL" INTERFACES or playing on a iPod, etc...

-> Feedback and Suggestions.

Score Jumps from Decreasing Debt

My score just jumped ten points for paying down my auto loan. I'm so excited. I just started working on my credit this past month and want to get into the high 600s and beyond. (Currently at 626 TU 640 EQ - i'm in fair now YAYYYY). I recently removed myself as an AU on a CapOne with a high utlization (80%+) so, my utlization should drop to below 50% and I'm actively paying down my cards. My question is: How much can you score jump in a month/three months/year? Is it possible to see a 100 point jump in 6 months?

CreditCuriousity wrote:
milfirstbilsecond wrote:
I'm sure you've all went through this before so - I've been using CreditKarma for scores...I just got my reports from myFICO and my credit scores are higher. New to the forum never knew there was so much variablity btw CK and actual fico. so scores are: 659 TU 596 EX Still going for 700 + across the board. I really like the myFico score reporter and simulator.Although MyFico might not like this, I would suggest looking into CCT by Experian... Daily Exp Ficos and three reports a months Fico08 for EQ/TU.. Better deal and better product for probably what you want/need. $29,99 /mo $1 for first reports then cancel before 7 days and they offer half price for 2 to 5 years, no contract so approx $15 a month.. MyFico needs to step up the game and become competive in the game again on the 3b credit monitoring service and do a better job on triggering updates vs. bad lags. Competition is healthly for everyone.I completely agree! I'm actually quite dissatisfied with the myfico product compared to the CCT by Experian. The irregular updates make the product subpar and frustrating. Sorry if my opinion ruffles feathers but that is the truth of it.

How to increase or Decrease Budget for a Particular Period

Hello All,
Can some tell me how to increase/decrease fund for a particular period.

You can pass the manual entry & ensure to choose the balance type to budget
To increase the balance for a specific period- Input the balance to debit side
To decrease the balance for a specific period- Input the balance to credit side
No need to balance the debit & credit totals for budget journals.

Customer want to decrease the Value of AUC

Hi, Expert
They want to decrease the value of AUC and post it to other GL account.
Dr other balance sheet account
Cr AUC
What Transaction type i need be be used?
The value decrease is just apart of AUC 's value.
Thank you very much for helping.

HI,
Decrease the value becuase they sold the asset then please use trnasaction ,
ABAVN - Asset Retirement by Scrapping
F-92 - With Customer
ABSO nd choose the proper Transaction typ e.

Problem in Account Determination for Increase/Decrease in stock FG

When we procure bought out material from outside and inward the material in plant 4000 for the trading purpose then... the balance sheet FG account increases but the P&L inc/dec account of FG does not change although it decreases when the sell of this part takes place. Thereby creates extra figure. But the same works fine for my 1000 Plant it updates both the Balance Sheet FG Account and P&L Inc/Dec Account for FG
Now .. what can be done to solve this problem.

Hi,
Please check the Following path.
IMG > Logistics - General > Material Master > Basic Settings > Material Types > Define Attributes of Material Types
In this node, check whether the valuation area 4000 permits Value update to GL Master record. Please check your relevant material type.
Regards,
Jigar

Balance Decrease = Score Decrease?

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