Credit Card Center Advertiser Disclosure

Reply
Member
Posts: 18
Registered: ‎05-14-2015
0 Kudos

Incorrect credit utilization on EX and TU with scores to match, but accounts all the same as EQ

I have a strange problem I cannot figure out the cause of. My Experian and Transunion scores are both about 50 points lower than my Equifax score. When I view factors negatively impacting my rating both Experian and Transunion say my revolving account balances are too high, while my Equifax says a positive is low utilization. My actual utilization, as reflected in my Equifax, is around 2%. Experian and Transunion both say 62%, but when looking through all my accounts I don't see any reason this would be the case...all the accounts/balances seem to be there and reported correctly. 

 

Has anyone seen anything like this before? Could this be the reason those two scores are that much lower than my Equifax?

Regular Contributor
Posts: 133
Registered: ‎04-14-2017
0 Kudos

Re: Incorrect credit utilization on EX and TU with scores to match, but accounts all the same as EQ

Do you have some charged off cards that have a balance?  When I had some I did notice that they would be included in my utilization, but I don't remember which CRA it was.  My utilization was showing something like 162% or something crazy like that, but it wasn't always like that and now I have paid them off.

Contributor
Posts: 93
Registered: ‎08-08-2016
0 Kudos

Re: Incorrect credit utilization on EX and TU with scores to match, but accounts all the same as EQ

I don't have any concrete answers for you, just a comment that maybe helpful. In the past I've called the CB and asked them about issues on my CR I didn't understand. All the CSR I've ever talked to were friendly but not all were knowledgeable. Sometimes it's just a matter of finding the right CSR. This could be another option if you don't find what you're looking for here in the forum.


Starting Scores: EQ 598, EX 566, TU 550, 3/31/13 ....... Goal Score: 750
Current Scores: EQ 749, EX 749, TU 743 ..................... Inq: EQ: 2, EX: 3, TU: 4

Community Leader
Valued Contributor
Posts: 2,744
Registered: ‎03-23-2009
0 Kudos

Re: Incorrect credit utilization on EX and TU with scores to match, but accounts all the same as EQ

As stated above, do you have any charge off's listed?  Also, are you an AU on any accounts?



EQ 679 EXP 700 TU 763
Highlighted
Moderator
Posts: 17,443
Registered: ‎12-30-2011
0 Kudos

Re: Incorrect credit utilization on EX and TU with scores to match, but accounts all the same as EQ

Probably not; the interpretations of the reports are usually red herrings in terms of figuring out what's going on.

 

If you have the report (I'm assuming we're talking about MF), look at the tradeline data, or also look at the actual reason codes between the score models a 50 point difference on one bureau is a pretty big shift which suggests something is different on that one report.  The positives, ignore, just look at the listed negatives both for FICO 8 and then under the additional scores, find differences, and that usually is where the score differential comes in.

Starting Score: EQ 5 561, TU 98 567, EX 2 599 (12/30/11)
Current Score: EQ 5 771, TU 4 758, EX 2 758, EQ 8 795, TU 8 762, EX 8 786 (7/28/17)
Goal Score:    EQ 5 750, TU 4 750, EX 2 750, EQ 8 800, TU 8 Blah, EX 8 800 (01/01/18)


Take the myFICO Fitness Challenge

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.