03-01-2013 09:13 PM
03-01-2013 09:14 PM
Transunion does list items undfer $100.
03-01-2013 09:19 PM
Looking at my TU report as I type, and it most certainly has entries for less than $100
03-01-2013 09:26 PM
03-01-2013 09:35 PM
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.
03-01-2013 09:37 PM - edited 03-01-2013 09:37 PM
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.
03-01-2013 09:43 PM
I believe what you're referencing is that the FICO08 scoring system ignores amounts under $100, but they are still reported.
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.