Reply
New Contributor
Posts: 72
Registered: ‎05-14-2013
0

Help me to understand TU FICO

I have a Verizon account that is reporting on all three reports. TransUnion however is the only one that has it listed as an open account even though the date closed is Feb 2010. The $1229 is being factored in to my utilization (just realized this) due to it being listed as an open account. Is that right? The other two reports show it as closed so its not factoring in...should I contact TU and dispute this?
Epic Contributor
Posts: 22,406
Registered: ‎01-17-2008
0

Re: Help me to understand TU FICO

No, it is factored in because there is a balance not because it is open.  Open or closed it would be factored if not paid.

 

Is this a collection or an OC account? 

 

Normally, only revolving is factored into your utilization. 

New Contributor
Posts: 72
Registered: ‎05-14-2013
0

Re: Help me to understand TU FICO

It's the OC and it is listed as revolving but it was for wireless service. Is that right? EQ nor EX factors it in that's why I was wondering if it was an error with TU.
Epic Contributor
Posts: 22,406
Registered: ‎01-17-2008
0

Re: Help me to understand TU FICO

I don't think it should be considered revolving, especially if the other 2 don't factor it in.

 

I would call TU and just ask them without opening a dispute.

New Contributor
Posts: 72
Registered: ‎05-14-2013
0

Re: Help me to understand TU FICO

Yeah, it's listed as revolving. I pulled my TransUnion and it shows it correctly. I also looked at my last few FICO reports and it was reported correctly up until this last report. Even Credit Karma shows the utilization accurately. It looks like this may be a FICO issue. Is that possible?
Epic Contributor
Posts: 22,406
Registered: ‎01-17-2008
0

Re: Help me to understand TU FICO

Did you pull it directly from the CRA?  It could be a formatting issue with myFICO.  It is hard to say.

 

CK doesn't factor in closed accounts at all.

New Contributor
Posts: 72
Registered: ‎05-14-2013
0

Re: Help me to understand TU FICO

Yes, I pulled it straight from Transunuion and it has my utilization reporting correctly.  I didn't realize that credit karma didn't factor in closed accounts. I guess I should contact my FICO. Thanks for your responses. 

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.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

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.