topic are both EQ and TU reports here "current"? in myFICO® Product Feedback

are both EQ and TU reports here "current"?

jeffg330 — Tue, 19 Jun 2012 03:28:47 GMT

I'm in a situation where I'm waiting for my EQ score to go up a little bit to qualify for a USDA rural home loan. I have 3 sallie Mae accounts that I paid on 5/5 and 5/28 that still have not shown up on my credit report. I called Sallie and they assured me that all six payments were sent to the credit bureaus on 5/31 but as of 6/18 they are still not showing up on the my fico site for either EQ or TU. (the last payments showing are from april) I'm paying $13.96 on almost a daily basis here to see when the payments hit so I can make an offer on our dream house!

So my question is how current are the reports on the my fico site? shouldnt these payments that were sent to the bureaus already be showing up on my credit report?

Thank you

Re: are both EQ and TU reports here "current"?

DaveSignal — Tue, 19 Jun 2012 03:39:55 GMT

Yes, the reports are current as of the day you pull them from the CRA. MyFICO does not store old reports, it pulls the reports from EQ or TU on the day you request it. So if you see something that you think is incorrect on your credit report, you could a) file a dispute or b) contact the OC again. I would recommend contacting Sallie Mae again first since disputes can cause new problems sometimes.

Re: are both EQ and TU reports here "current"?

luckelle — Tue, 19 Jun 2012 22:23:47 GMT

jeffg330.

I found ur concern to be true for me too. i pulled my reports from TU and EQ no less than 6 times in a month and a half and it still reports at the latest April. it must be behind some how. i have 2 auto loans and none of them are showing current reporting from My fico pulls. its as if it uses your last pulls as a template and only updates if there is a major change with your accounts.

Re: are both EQ and TU reports here "current"?

jeffg330 — Tue, 19 Jun 2012 22:37:13 GMT

Thank you for the response Luckelle, at least I know it's not just me now. All we can do is practice patience at this point. They gotta hit sometime!

Re: are both EQ and TU reports here "current"?

-Cain- — Tue, 19 Jun 2012 22:41:28 GMT

The reports show what you'd see if you pulled a report direct from the CRA. If something has not updated, it's probably the creditor has not reported or the CRA itself has not updated. myFICO would not factor in there.

Re: are both EQ and TU reports here "current"?

AZHeather — Tue, 19 Jun 2012 22:50:18 GMT

I was told by a CR at Sallie Mae that they input the information into their system daily for CRA updates, but those updates are collectively forwarded to the CRA's only once every 30 days. Don't know if that is true or not, but it is what I was told.

Re: are both EQ and TU reports here "current"?

jeffg330 — Tue, 19 Jun 2012 22:55:41 GMT

Thank you Heather, after talking to different CSR's at Sallie I'm convinced they have no clue about how that all works! Never the less, I remain in a holding pattern.

Re: are both EQ and TU reports here "current"?

luckelle — Tue, 19 Jun 2012 23:50:25 GMT

even if it is not myfico with the slow update problem, it should be a part of disclamer when stated you will get the most up to date reports. Not saying there not but if you know theres a lag in creditors reporting or lack there of. Put it out their. i dont like spending money on reports only to see it looks exactly like the last 2 month reports. Im just sayin :)

Re: are both EQ and TU reports here "current"?

-Cain- — Wed, 20 Jun 2012 00:00:15 GMT

luckelle wrote:
even if it is not myfico with the slow update problem, it should be a part of disclamer when stated you will get the most up to date reports. Not saying there not but if you know theres a lag in creditors reporting or lack there of. Put it out their. i dont like spending money on reports only to see it looks exactly like the last 2 month reports. Im just sayin :)

Has your entire report not been updated or just a specific tradeline?

Re: are both EQ and TU reports here "current"?

jeffg330 — Wed, 20 Jun 2012 00:37:27 GMT

In my case it's the entire report. It looks exactly the same as when I had my hard pull on 5/15

Re: are both EQ and TU reports here "current"?

luckelle — Wed, 20 Jun 2012 01:11:07 GMT

my report is exactly the same. Now new update. I went on usaa for the first. got all three reports. Found all but TU reports up to date. it seems that transunion is draging there feet. hope this helps jeff.:)