Reply
Valued Member
Posts: 48
Registered: ‎03-29-2011
0

How Accurate is the TU Report on here?

I pay for the quarterly monitoring for TU on myfico- and was studying it against my actual CR I pulled. It shows i have 3 60-day lates or worse on my CR- when in fact I only have 1- EVER....even in the accounts section of the CR on here- it only shows 1, as well as on my actual CR...this is my #1 factor hurting my TU score on here- but it's inaccurate.

 

 

You have a collection and a serious delinquency on your credit report.

Number of your accounts that were ever 60 days late or worse:3 Number of collections on your credit report1 Collection
Only about 1% of FICO High Achievers [?] have a 60 days late payment or worse listed on their credit report.
Virtually no FICO High Achievers [?] have a collection listed on their credit report.

The presence of a collection [?] and a serious delinquency are powerful predictors of future payment risk. If the collection is valid, paying off the collection will not remove it from your credit report. The fact that it occurred is still predictive of future payment risk and will be considered by your FICO score. However as these items age and fall off of your credit report, their impact on your score will gradually decrease. Most collections and delinquencies stay on your report for no more than seven years - though there are certain items that could remain longer.


Starting Score: 574 (3/29/11)
Current Score: EQ-603 (3/22/12) TU- 540 (4/24/12)
Goal Score: 700


Take the FICO Fitness Challenge
Moderator Emeritus
Posts: 32,869
Registered: ‎08-04-2007
0

Re: How Accurate is the TU Report on here?

I recommend looking at your Accounts summary page. There's a column showing a red flag. Any account with a red flag next to it is viewed as a negative by FICO. Your history is only limited to the last couple of years, but the 60 or above could be hiding and not showing in the pay history graphic. It would show in the summary though. Aside from accounts with lates, COs and certain CAs would be included in that figure.

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.

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.