transunion score dropped 20 pts after amex reporting

[Anonymous]

Yes- but only the 98 version, the 04 version muost lenders use does not calculate Charge cards in UTL .

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Max09 wrote:

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specultr wrote:

My scores are a little lower than yours. My FICOs change by 7-9 points when I let post a $200 balance on one of the cards that usually has a zero balance. At your nosebleed levels, I bet that it doesn't take much to drop the score as FICO wants to bring us to the median score.

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 lesson learned. transunion definitely take into account your charge cards when calculating your utilization. all my other revolving accounts reported zero balance (I paid before statement closing date) . the only balance i had reporting was the amex charge card. They must be using an older fico maybe?

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[Anonymous]

timothy, are you saying that  lenders see a different transunion score than the one we see when pull our fico scores?

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Timothy wrote:

Yes- but only the 98 version, the 04 version muost lenders use does not calculate Charge cards in UTL .

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Max09 wrote:

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specultr wrote:

My scores are a little lower than yours. My FICOs change by 7-9 points when I let post a $200 balance on one of the cards that usually has a zero balance. At your nosebleed levels, I bet that it doesn't take much to drop the score as FICO wants to bring us to the median score.

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 lesson learned. transunion definitely take into account your charge cards when calculating your utilization. all my other revolving accounts reported zero balance (I paid before statement closing date) . the only balance i had reporting was the amex charge card. They must be using an older fico maybe?

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[Anonymous]

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specultr wrote:

It's funny that you made this post because I applied for the AMEX green card last night to get my old date back of 1989 and re-age my FICO. I read in the archives before I did it that others took a temporary score hit, but not for the reason that you got.

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here is a post i found by fused

My Amex Gold charge card reports on EQ and TU as an other open account and does not factor in my revolving util%. Whereas the imbeciles at EX are inaccurately reporting this same card as revolving thus tanking my score.

I don't get it - for me experian and equifax have it right but transunion doesn't

[Anonymous]

yep- many are using the newer version- myfico is in progress of updating - no eta.

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Max09 wrote:

timothy, are you saying that  lenders see a different transunion score than the one we see when pull our fico scores?

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Timothy wrote:

Yes- but only the 98 version, the 04 version muost lenders use does not calculate Charge cards in UTL .

---

Max09 wrote:

---

specultr wrote:

My scores are a little lower than yours. My FICOs change by 7-9 points when I let post a $200 balance on one of the cards that usually has a zero balance. At your nosebleed levels, I bet that it doesn't take much to drop the score as FICO wants to bring us to the median score.

---

 lesson learned. transunion definitely take into account your charge cards when calculating your utilization. all my other revolving accounts reported zero balance (I paid before statement closing date) . the only balance i had reporting was the amex charge card. They must be using an older fico maybe?

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[Anonymous]

I just saw that Transunion has my amex charge card listed as a credit card/open account/no limit reported.

Shouldn't be coded as other?

how can I get them to change it?

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Timothy wrote:

yep- many are using the newer version- myfico is in progress of updating - no eta.

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Max09 wrote:

timothy, are you saying that  lenders see a different transunion score than the one we see when pull our fico scores?

---

Timothy wrote:

Yes- but only the 98 version, the 04 version muost lenders use does not calculate Charge cards in UTL .

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