Rebuilding Your Credit

[gummiebear]

I have read that anything under $100 is not supposed to be listed on your credit report or not inclued in your score. I know that transunion doesn't list items under $100 but the other bureaus do. Comments? Or information on this?

[starry1]

Transunion does list items undfer $100.

[BrownBee]

Looking at my TU report as I type, and it most certainly has entries for less than $100

[Diabolically_Random]

One of the deletions I am still waiting on was for $55 and its listed on experian and transunion.

[gummiebear]

Ok, yes. What I meant to say is that I found informarion stating that the 'fico forum' (i believe is what it is called) does not include items under $100. I sent in a dispute to transunion about that and they removed my item. The other bureaus would not. Google the info or do a search with my fico. I found it in lots of places. I don't know why equi and exp won't do it but i'm looking into it.

[Diabolically_Random]

What I have read is that collections under $100 arent factored into the scoring, only if it is one collection, but it is still reported. Its also exclusive to TU 08.

[llecs]

While collections (CAs) under $100 report, the newest version of FICO scores, the FICO08 versions, do exclude these small collections from FICO scoring. Challenge is....not many lenders are using the newest FICO version out there so for now they'll count.

ETA...I'm a slow typer.

[BrownBee]

I believe what you're referencing is that the FICO08 scoring system ignores amounts under $100, but they are still reported.

[gummiebear]

So equi and exp credit bureaus aren't on 08 version? I guess that's why transun removed the item for me but the others would not.

[Diabolically_Random]

Well llecs, it was a very thorough answer lol...and gummiebear all the CRA's have their own methods for scoring and TU 08 is only transunions.