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Baddie deleted, when does EX FICO update?

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brother7
Established Contributor

Baddie deleted, when does EX FICO update?

I received a letter from EX saying that my most serious baddie (federal tax lien) has been deleted. How long does it take for this to be reflected in my EX FICO score?

 

I want to apply for the Costo TrueEarnings card and wish to time my application to optimize my chance for approval.



04/01/2020 - EX 849 (Credit Scorecard EX FICO® Score 8, range 300-850)
02/20/2020 - TU 850 (Discover TU FICO® Score 8, range 300-850)
03/24/2020 - EQ 884 (Citi EQ FICO® Bankcard Score 8, range 250-900)
GOAL - 800! - App free since 11/22/2017
Message 1 of 13
12 REPLIES 12
nothingman02
Valued Contributor

Re: Baddie deleted, when does EX FICO update?

I believe it would have been deleted already from your CBR in which case, it should reflect immediately in your score. If not, I would give it a couple of weeks and then dispute with the letter EX provided. Did you pull your report? If you have the EX report number, you could check your current report by going to their website and selecting 'review report again' in the bottom of the page.
Message 2 of 13
brother7
Established Contributor

Re: Baddie deleted, when does EX FICO update?

I pulled my EX report yesterday. The tax lien is gone Smiley Happy

My question was regarding the EX FICO SCORE. Does it get updated immediately, or is there a time lag between when the report is updated and when the score is updated? 



04/01/2020 - EX 849 (Credit Scorecard EX FICO® Score 8, range 300-850)
02/20/2020 - TU 850 (Discover TU FICO® Score 8, range 300-850)
03/24/2020 - EQ 884 (Citi EQ FICO® Bankcard Score 8, range 250-900)
GOAL - 800! - App free since 11/22/2017
Message 3 of 13
nothingman02
Valued Contributor

Re: Baddie deleted, when does EX FICO update?

I believe its immediate. There is no time lag i.e..
Message 4 of 13
llecs
Moderator Emeritus

Re: Baddie deleted, when does EX FICO update?


brother7 wrote:

I pulled my EX report yesterday. The tax lien is gone Smiley Happy

My question was regarding the EX FICO SCORE. Does it get updated immediately, or is there a time lag between when the report is updated and when the score is updated? 


Congrats!

 

Where are you getting your EX FICO from?

Message 5 of 13
brother7
Established Contributor

Re: Baddie deleted, when does EX FICO update?

I'm not getting my EX FICO score.  However, I'm guessing that AMEX will base their decision largely on the EX FICO score that's pulled when I app.  That's why I was asking if the FICO is updated simultaneously when the baddie dropped off, or if there's a time lag until the FICO is updated.


04/01/2020 - EX 849 (Credit Scorecard EX FICO® Score 8, range 300-850)
02/20/2020 - TU 850 (Discover TU FICO® Score 8, range 300-850)
03/24/2020 - EQ 884 (Citi EQ FICO® Bankcard Score 8, range 250-900)
GOAL - 800! - App free since 11/22/2017
Message 6 of 13
llecs
Moderator Emeritus

Re: Baddie deleted, when does EX FICO update?

I'm not certain if they use FICO. I do know they have their own scoring system, an internal FAKO if you will, that factors in stuff like income, housing payment, etc. I have a denial letter from them that generally described what they use.

To answer your question, whenever a baddie is removed, your scores are immediately updated. If you have a monitoring service, like SW, you'll see an alert lag-time, but pulling your FICOs directly would result in a different score, if applicable.
Message 7 of 13
brother7
Established Contributor

Re: Baddie deleted, when does EX FICO update?

Are you saying that even though AMEX pulls EX, they may not use the EX FICO score, but instead use the contents of the EX report to input into their own scoring model to come up with their approved/denied decision?


04/01/2020 - EX 849 (Credit Scorecard EX FICO® Score 8, range 300-850)
02/20/2020 - TU 850 (Discover TU FICO® Score 8, range 300-850)
03/24/2020 - EQ 884 (Citi EQ FICO® Bankcard Score 8, range 250-900)
GOAL - 800! - App free since 11/22/2017
Message 8 of 13
llecs
Moderator Emeritus

Re: Baddie deleted, when does EX FICO update?

Yes. Many CCCs will consider factors outside your FICO score.
Message 9 of 13
brother7
Established Contributor

Re: Baddie deleted, when does EX FICO update?

Thanks for that insight.

 

Without the tax lien, I now have another decision...

Should I app now, with a "thin file" (1 credit card, 1 store charge card) and a recent 30-day late (June, 2008) or should I wait until June when the 30-day late ages 1 year, but my 2 new cards (a new credit card, plus a new Home Depot charge card) start reporting?

 

In other words, which is worst in the eyes of AMEX, having a thin file and no new credit OR not having a thin file but having new credit? 



04/01/2020 - EX 849 (Credit Scorecard EX FICO® Score 8, range 300-850)
02/20/2020 - TU 850 (Discover TU FICO® Score 8, range 300-850)
03/24/2020 - EQ 884 (Citi EQ FICO® Bankcard Score 8, range 250-900)
GOAL - 800! - App free since 11/22/2017
Message 10 of 13
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