Credit Card Center Advertiser Disclosure†
12-05-2012 12:31 PM - edited 12-05-2012 12:33 PM
I have a 750 FICO score and have tons of accounts but when I applied for a loan today the report she pulled only has two accounts! Both were collection accounts that dropped off my reports over a year ago. I have maybe 20 other positive accounts and the only thing she could see on my report were the two collection accounts so I was denied.
What the heck???
12-05-2012 07:56 PM
Must be a split file. You will have to call the CRA to have that fixed.
12-06-2012 08:52 AM
If they dropped based on expiration of the credit report exclusion period, then the CRA has committed a rather serious violation of FCRA 605(a)(4) by including them in any credit report provided to others.
The CRA should fall all over themseleves to correct the mistake, whatever the basis.
I would couch any contact with them as a complaint of violation of the FCRA exclusion requirement, which is imposed directly on the CRAs.
12-07-2012 04:38 PM
EQ is notorious for split files. Your CR file is allotted but so much space and data. If you have many accounts and several soft and hard inquiries, it'll split your file to make room for all the data. As a result, you can pull your CR one day and see 20 accts, for example, and pull the next and only see a couple.
I've never been through this, but others have documented their results in here. It can be fixed by contacting EQ and they'll go over your reports line by line and determine how to piece it together.
12-07-2012 08:14 PM
Is the address where you applied for the other 20 accounts the same one as the one used on the loan app? I presume the social security number is the same as well.
12-11-2012 05:57 PM
Thanks guys. It was indeed a split EQ file!
Took a while (one EQ guy even told me there is nothing they can do and i'll have to live with it!), but I kept calling and someone fixed it for me.
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.
* 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.
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.