Credit Cards Center Credit cards from our partners
Reply
Regular Contributor
Posts: 230
Registered: ‎04-11-2007
0

Anyone know which CRA will not be using AU?

"The next version is slated to roll out in September to one of the three main credit reporting agencies — Equifax Inc., Experian Information Solutions Inc. or TransUnion LLC — with the other two agencies receiving the new version some time in 2008."
 
The way I understand it is that only one of them will stop using AU in Sept and the other 2 sometime in 2008. Everyone has been making it sound like all 3 will stop this Sept. Which isn't true.
 
Anyone know which of the 3 will stop this Sept?
BK 7 Filed: 08/07/15
BK 7 Discharged: 11/04/15
Discharge Scores: Equifax (572) - TransUnion (586) - Experian (511)
Goal: 700+
Credit Cards: NFCU nRewards ($500) - CapOne Platinum ($300) - CapOne QuicksilverOne Rewards ($300) - Victoria's Secret ($250) - Firestone ($1200)
Auto Loan: NFCU ($34.6K @ 7.7%)
Established Contributor
Posts: 720
Registered: ‎05-04-2007
0

Re: Anyone know which CRA will not be using AU?

This subject was discussed in another thread and nobody knows at this time. Most people would wager that Equifax will be the September guinea pig, tho ...
Regular Contributor
Posts: 230
Registered: ‎04-11-2007
0

Re: Anyone know which CRA will not be using AU?

Thanks. I did a search for more info and found a few threads with a lot of posts but don't have much time to read every single post.
 
I guess we'll see how it plays out.
BK 7 Filed: 08/07/15
BK 7 Discharged: 11/04/15
Discharge Scores: Equifax (572) - TransUnion (586) - Experian (511)
Goal: 700+
Credit Cards: NFCU nRewards ($500) - CapOne Platinum ($300) - CapOne QuicksilverOne Rewards ($300) - Victoria's Secret ($250) - Firestone ($1200)
Auto Loan: NFCU ($34.6K @ 7.7%)
Established Contributor
Posts: 720
Registered: ‎05-04-2007
0

Re: Anyone know which CRA will not be using AU?

I think the discussion I remember was in the middle of a thread that might have been about a different subject, so it would have been hard to find.

Fair Isaac and the CRAs probably want to wait until August to announce details, otherwise there might be more panic as consumers (and possibly the credit rental organizations) try to purposely shuffle AUs to the two CRAs that will not use the formula until 2008.

Or it could be that there are some negotiations still going on, and perhaps the September CRA hasn't been determined yet. Smiley Happy
Moderator Emeritus
Posts: 16,385
Registered: ‎03-12-2007
0

Re: Anyone know which CRA will not be using AU?

Yes, some are betting it will be EQ.  There are going to be a lot folks taking a hit.Smiley Sad  I hoped FICO would differentiate between true AUs and ones being bought.
Credit Profile - FICO 08 Scores (03-26-2015): EQ 814, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 27 years ~ AAoA: 13 years ~ Util: 1% ~ Inqs: TU 1


Credit Cards: Amex BCP ~ Amex Clear ~ Amex Platinum ~ Barclay Ring World Mastercard ~ Chase Freedom Signature Visa ~ CITI Dividend World Mastercard ~ FIA Fidelity Investment Platinum Visa ~ First Hawaiian Bank Gold Visa
Senior Contributor
Posts: 4,831
Registered: ‎04-20-2007
0

Re: Anyone know which CRA will not be using AU?



fused111 wrote:
Yes, some are betting it will be EQ. There are going to be a lot folks taking a hit.Smiley Sad I hoped FICO would differentiate between true AUs and ones being bought.



They won't be.

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

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 internal myFICO analysis of 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. These ranges were not provided by any card issuer.

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.