Reply
Regular Contributor
Posts: 122
Registered: ‎09-14-2010
0

Account in Good Standing disappeared???

In June 2009, I purchase a new car. I refinanced the vehicle in June 2010 to take advantage of lower interest rates. On my credit reports, I had two TLs reporting: (1) the original auto loan showing paid in full and 12 months of on time payments, and (2) the refinanced auto loan showing 3 months of on time payments.

 

Last week, I received a Score Watch alert saying that my credit score had dropped from 630 to 589. I assumed it was because I had recently paid a collections account that was updated from unpaid to paid. I sent a GW request to the CA and they deleted the TL. I pulled another EQ report and my score had only increased to 598 (a measly 9 points!).

 

So today, I decided to scrutinizing my EQ report. I discovered that neither of my auto loans was reporting on EQ! I'm sure this contributed to the initial 41 point decrease. To confirm, I went and pulled a credit report directly from EQ. Both loans were reporting, like they always were.

 

I'm so confused now... why is my MyFico EQ report not reflecting my auto loans (they were previously)??? Is this the reason for my initial 41 point score decrease???


Starting Score: TU 599 EQ 608
Current Score: TU 694 (lender) EQ 666 (lender) EX 696 (lender)
Goal Score: middle score: 750


Take the FICO Fitness Challenge
Moderator Emeritus
Posts: 32,869
Registered: ‎08-04-2007
0

Re: Account in Good Standing disappeared???


Heavanly1 wrote:

So today, I decided to scrutinizing my EQ report. I discovered that neither of my auto loans was reporting on EQ! I'm sure this contributed to the initial 41 point decrease. To confirm, I went and pulled a credit report directly from EQ. Both loans were reporting, like they always were.

 

I'm so confused now... why is my MyFico EQ report not reflecting my auto loans (they were previously)??? Is this the reason for my initial 41 point score decrease???


Today,..being 9/29, right? Did you purchase a new EQ FICO report on 9/29? When was the last time you pulled an EQ report from EQ?

Get a myFICO recommended credit card

Copyright ©2001-2013 Fair Isaac Corporation.
All rights reserved.

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). 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.