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Azumi1
Posts: 101
Registered: ‎08-13-2012

Difference in UTL

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‎10-19-2012 09:10 PM

I checked my equifax report a few days ago and they have my util at 19%, Myfico has it at 24%. Anyone have any thoughts on why? 

From 566 in 8/2012 to..

3/30/13---EQ 700/TR 697/ EX 706

Discover IT 6000, Amex BCE 7500, FNBO Amex 3500, Cap 1 platinum 2000, Orchard Bank platinum 1000, Best Buy 1000, Merrick Bank 800, Target Visa 500
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rckstrscott
Posts: 2,244
Registered: ‎04-25-2011

Re: Difference in UTL

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‎10-20-2012 05:18 AM

Azumi1 wrote:

I checked my equifax report a few days ago and they have my util at 19%, Myfico has it at 24%. Anyone have any thoughts on why? 

So your Equifax report is showing 19 percent, and your Equifax report on MyFico is showing 24%?

 

Likely the MyFico report hasn't updated to the same report EQ is showing..

 

-scott

Starting FICO Score: 10/10: TU 498 | EQ: 502 Current FICO Score(lender pull): 05/12: TU: 722 | EQ: 712 | EX: 686
Collections Removed: Hunter Warfield, CBE Group, Merchants Credit Guide, EOS-CCA, Enhanced Recovery, Portfolio Recovery, UCB, American Collection Company, Medical Business Bureau, Jefferson Capital, Credit Portfolio Associates, FCO, LVNV, Convergent, Armor Systems
Other Negative Entries Removed:Plains Commerce CO, HSBC CO, 2008 Judgment Santander Reposession
Still Working On: Illinois Paid Tax Lien,
Positive Accounts:10/10: 0 | 07/12: 6 | Mortgage Closed 5/12, Macy's AMEX $3900, Citi/Home Depot $2000, Capital One Cash Rewards $1500, Capital One Secured $500, Credit One Bank $500. Total Utilization: 6%. AAoA: 1yr, 7mth. INQS: 8 TU, 8 EQ, 4 EX
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Contributor
Azumi1
Posts: 101
Registered: ‎08-13-2012

Re: Difference in UTL

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‎10-20-2012 05:33 AM

There are a few balances that have updated, but the amounts should not make that much of a difference.
From 566 in 8/2012 to..

3/30/13---EQ 700/TR 697/ EX 706

Discover IT 6000, Amex BCE 7500, FNBO Amex 3500, Cap 1 platinum 2000, Orchard Bank platinum 1000, Best Buy 1000, Merrick Bank 800, Target Visa 500
Message 3 of 9 (222 Views)
 
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Valued Contributor
rckstrscott
Posts: 2,244
Registered: ‎04-25-2011

Re: Difference in UTL

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‎10-20-2012 05:49 AM

Azumi1 wrote:
There are a few balances that have updated, but the amounts should not make that much of a difference.

Do you have any negatives like a charge off showing? 

 

Sometimes the different consumer reports will use differnet information to create the util precentage

 

-scott

Starting FICO Score: 10/10: TU 498 | EQ: 502 Current FICO Score(lender pull): 05/12: TU: 722 | EQ: 712 | EX: 686
Collections Removed: Hunter Warfield, CBE Group, Merchants Credit Guide, EOS-CCA, Enhanced Recovery, Portfolio Recovery, UCB, American Collection Company, Medical Business Bureau, Jefferson Capital, Credit Portfolio Associates, FCO, LVNV, Convergent, Armor Systems
Other Negative Entries Removed:Plains Commerce CO, HSBC CO, 2008 Judgment Santander Reposession
Still Working On: Illinois Paid Tax Lien,
Positive Accounts:10/10: 0 | 07/12: 6 | Mortgage Closed 5/12, Macy's AMEX $3900, Citi/Home Depot $2000, Capital One Cash Rewards $1500, Capital One Secured $500, Credit One Bank $500. Total Utilization: 6%. AAoA: 1yr, 7mth. INQS: 8 TU, 8 EQ, 4 EX
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Contributor
Azumi1
Posts: 101
Registered: ‎08-13-2012

Re: Difference in UTL

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‎10-20-2012 05:50 AM

2 from hsbc, from 2009.
From 566 in 8/2012 to..

3/30/13---EQ 700/TR 697/ EX 706

Discover IT 6000, Amex BCE 7500, FNBO Amex 3500, Cap 1 platinum 2000, Orchard Bank platinum 1000, Best Buy 1000, Merrick Bank 800, Target Visa 500
Message 5 of 9 (212 Views)
 
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Valued Contributor
rckstrscott
Posts: 2,244
Registered: ‎04-25-2011

Re: Difference in UTL

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‎10-20-2012 06:09 AM

Azumi1 wrote:
2 from hsbc, from 2009.

Are there balances on the charge offs? This could be a reason one would had a differnet report than another..

 

Either way, you should always use your own math to figure out utilization. Never trust a website to provide you with such key information.. 

 

-scott

Starting FICO Score: 10/10: TU 498 | EQ: 502 Current FICO Score(lender pull): 05/12: TU: 722 | EQ: 712 | EX: 686
Collections Removed: Hunter Warfield, CBE Group, Merchants Credit Guide, EOS-CCA, Enhanced Recovery, Portfolio Recovery, UCB, American Collection Company, Medical Business Bureau, Jefferson Capital, Credit Portfolio Associates, FCO, LVNV, Convergent, Armor Systems
Other Negative Entries Removed:Plains Commerce CO, HSBC CO, 2008 Judgment Santander Reposession
Still Working On: Illinois Paid Tax Lien,
Positive Accounts:10/10: 0 | 07/12: 6 | Mortgage Closed 5/12, Macy's AMEX $3900, Citi/Home Depot $2000, Capital One Cash Rewards $1500, Capital One Secured $500, Credit One Bank $500. Total Utilization: 6%. AAoA: 1yr, 7mth. INQS: 8 TU, 8 EQ, 4 EX
Message 6 of 9 (208 Views)
 
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Contributor
Azumi1
Posts: 101
Registered: ‎08-13-2012

Re: Difference in UTL

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‎10-20-2012 06:23 AM

Balances showing on both on EQ and Myfico.
From 566 in 8/2012 to..

3/30/13---EQ 700/TR 697/ EX 706

Discover IT 6000, Amex BCE 7500, FNBO Amex 3500, Cap 1 platinum 2000, Orchard Bank platinum 1000, Best Buy 1000, Merrick Bank 800, Target Visa 500
Message 7 of 9 (205 Views)
 
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Valued Contributor
rckstrscott
Posts: 2,244
Registered: ‎04-25-2011

Re: Difference in UTL

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‎10-20-2012 06:28 AM

Azumi1 wrote:
Balances showing on both on EQ and Myfico.

Yeah I don't know why it is different.. thats all I got!

 

Maybe someone else will chime in

 

-scott

Starting FICO Score: 10/10: TU 498 | EQ: 502 Current FICO Score(lender pull): 05/12: TU: 722 | EQ: 712 | EX: 686
Collections Removed: Hunter Warfield, CBE Group, Merchants Credit Guide, EOS-CCA, Enhanced Recovery, Portfolio Recovery, UCB, American Collection Company, Medical Business Bureau, Jefferson Capital, Credit Portfolio Associates, FCO, LVNV, Convergent, Armor Systems
Other Negative Entries Removed:Plains Commerce CO, HSBC CO, 2008 Judgment Santander Reposession
Still Working On: Illinois Paid Tax Lien,
Positive Accounts:10/10: 0 | 07/12: 6 | Mortgage Closed 5/12, Macy's AMEX $3900, Citi/Home Depot $2000, Capital One Cash Rewards $1500, Capital One Secured $500, Credit One Bank $500. Total Utilization: 6%. AAoA: 1yr, 7mth. INQS: 8 TU, 8 EQ, 4 EX
Message 8 of 9 (202 Views)
 
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Contributor
Azumi1
Posts: 101
Registered: ‎08-13-2012

Re: Difference in UTL

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‎10-20-2012 06:32 AM

LOL. It's ok. No worries, just curious.
From 566 in 8/2012 to..

3/30/13---EQ 700/TR 697/ EX 706

Discover IT 6000, Amex BCE 7500, FNBO Amex 3500, Cap 1 platinum 2000, Orchard Bank platinum 1000, Best Buy 1000, Merrick Bank 800, Target Visa 500
Message 9 of 9 (200 Views)
 
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