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Contributor
fairclok
Posts: 79
Registered: ‎10-03-2012

Same Cards Different Utilization on TU and EQ FICO. Confused

Hi all,

 

First off thanks in advance for the responses that will come in.      I owe everything in my rebuilding journey to the MyFico forums (Shogun, Guiness, etc, etc).     You can see in my signature, I've enjoyed the benefits of this community and its support network.    There really is nothing like it.  

 

That said, I'm a bit confused on something.     See below.

 

Equifax FICO

                                          Balance/Limit

- Discover Card  -              $221/$12,700 

- Amex Charge Card -       $551

Utilization Shows at 1% as I would expect.    Amex Charge Card should not be in Utilization

 

Transunion FICO

- Discover Card -             $221/$12,700

- Amex Charge Card -     $551

- Amex Charge Card -     $3,310

I only have 1 Amex card, but 2 are showing up.   Same details under each of the cards so I need to figure this out.   Not sure why this is happening.

 

That said, Utilization is showing as 31% (the 3 above accounts/$12.700)

 

Why is the TU FICO including the Amex Charge Cards in Utilization?     Is this an error?  

 

I have no other revolving or charge card accounts on my report.

 

Thanks


Starting Score: Sept. 2012 EX FAKO 601; EQ FICO 603; TU FICO 607
Current Score: Feb 2014 EX FICO 749; EQ FICO 744; TU FICO 763
Goal Score: 760 on all 3


Take the FICO Fitness Challenge

Moderator
guiness56
Posts: 22,408
Registered: ‎01-17-2008

Re: Same Cards Different Utilization on TU and EQ FICO. Confused

Contributor
fairclok
Posts: 79
Registered: ‎10-03-2012

Re: Same Cards Different Utilization on TU and EQ FICO. Confused

It's odd. That was my balance last month. Paid it down to $553. But it's reporting the old balance as if it was another account. Regardless. Amex should t be included In util, right? I'm totally confused.

Starting Score: Sept. 2012 EX FAKO 601; EQ FICO 603; TU FICO 607
Current Score: Feb 2014 EX FICO 749; EQ FICO 744; TU FICO 763
Goal Score: 760 on all 3


Take the FICO Fitness Challenge

Moderator
guiness56
Posts: 22,408
Registered: ‎01-17-2008

Re: Same Cards Different Utilization on TU and EQ FICO. Confused

If AMEX does not have a CL reported, no, it should not be included.

 

Where is the report from?  That could be it.

Contributor
fairclok
Posts: 79
Registered: ‎10-03-2012

Re: Same Cards Different Utilization on TU and EQ FICO. Confused

It's from MyFico. Just paid to pull it for the month. Equifax MyFico is calculating correctly but transunion MyFico isn't. Should I call the support line?

Starting Score: Sept. 2012 EX FAKO 601; EQ FICO 603; TU FICO 607
Current Score: Feb 2014 EX FICO 749; EQ FICO 744; TU FICO 763
Goal Score: 760 on all 3


Take the FICO Fitness Challenge

Moderator
guiness56
Posts: 22,408
Registered: ‎01-17-2008

Re: Same Cards Different Utilization on TU and EQ FICO. Confused

Contributor
fairclok
Posts: 79
Registered: ‎10-03-2012

Re: Same Cards Different Utilization on TU and EQ FICO. Confused

Thanks I will try calling MyFico support.

Starting Score: Sept. 2012 EX FAKO 601; EQ FICO 603; TU FICO 607
Current Score: Feb 2014 EX FICO 749; EQ FICO 744; TU FICO 763
Goal Score: 760 on all 3


Take the FICO Fitness Challenge

Moderator
guiness56
Posts: 22,408
Registered: ‎01-17-2008

Re: Same Cards Different Utilization on TU and EQ FICO. Confused

[ Edited ]

Let us know what they say.

 

ETA:  I just thought of something.  When a card doesn't have a CL reported, I believe that the high balance is used for utilization.  I could be wrong.  I believe TU98 still includes the balances in calculations but the newer versions of FICO do not.

Senior Contributor
DaBears
Posts: 3,923
Registered: ‎10-26-2012

Re: Same Cards Different Utilization on TU and EQ FICO. Confused

TU quarterly monitoring updates every 3 months

Frequent Contributor
Rain77
Posts: 279
Registered: ‎02-24-2012

Re: Same Cards Different Utilization on TU and EQ FICO. Confused

[ Edited ]

 Earlier I was researching the effects of charge cards - specifically Amex green on uti.  I believe it was in the credit card forum from one that TU98 does factor charge cards into uti. 

 

ETA: Guiness beat me to it



Last HP 6/22/14 for a measly $500 CLI - GOH!!!!!



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