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Accounts under $100 not supposed to be listed on credit?

New Contributor

Accounts under $100 not supposed to be listed on credit?

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?
Message 1 of 24
23 REPLIES
Valued Contributor

Re: Accounts under $100 not supposed to be listed on credit?

Transunion does list items undfer $100.


Starting Score: 11/29/12 TU 527; EQ 565; EX 564 fako - bk7 dc'd 2/15/13
Current Score: 1/22/15 TU 645; EQ 605; EX 633 New goal 675
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Message 2 of 24
New Contributor

Re: Accounts under $100 not supposed to be listed on credit?

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


Starting Score: 02/2013 606(TU-myFICO); 647(EQ-CreditExpert); 578(EX-CreditExpert)
Current Score: 02/2013 606(TU-myFICO); 647(EQ-CreditExpert); 578(EX-CreditExpert)
Goal Score: 650 TU, EX, EQ


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Message 3 of 24

Re: Accounts under $100 not supposed to be listed on credit?

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

Message 4 of 24
New Contributor

Re: Accounts under $100 not supposed to be listed on credit?

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.
Message 5 of 24

Re: Accounts under $100 not supposed to be listed on credit?

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.

Message 6 of 24
Moderator Emeritus

Re: Accounts under $100 not supposed to be listed on credit?

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.

Message 7 of 24
New Contributor

Re: Accounts under $100 not supposed to be listed on credit?

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

 


Starting Score: 02/2013 606(TU-myFICO); 647(EQ-CreditExpert); 578(EX-CreditExpert)
Current Score: 02/2013 606(TU-myFICO); 647(EQ-CreditExpert); 578(EX-CreditExpert)
Goal Score: 650 TU, EX, EQ


Take the myFICO Fitness Challenge
Message 8 of 24
New Contributor

Re: Accounts under $100 not supposed to be listed on credit?

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.
Message 9 of 24

Re: Accounts under $100 not supposed to be listed on credit?

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.

Message 10 of 24