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Regular Contributor
Posts: 176
Registered: ‎02-08-2010
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Equifax Score from MyFico

I pulled today's score from myfico and it's still under 700 which seems a bit odd to me.

 

Experian 725 (myfico)

Transunion 746 (myfico)

Equifax 689 (myfico)

 

No baddies on any of the reports. 

7K balance on 1 card and no balances on 9 other credit cards

Total credit line 36K total used is 7K

1 paid mortgage account

1 current mortgage account

2 auto loans

4 paid $0 dollar balance auto loans

 

 

Fico simulator says in 6 months I'll be at 709   :smileysad:

Fico simulator says if I pay off 3K more on my card I'll be at 719 ?

 

Why is equifax ding'ing me so hard?

 

 

 

Community Leader
Valued Contributor
Posts: 1,794
Registered: ‎07-01-2010
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Re: Equifax Score from MyFico

What is the CL on the $7K card?  How close is it to being maxed out?

 

The scores available here vary widely in age -- TU 98, EQ 04, EX 08.  They won't necessarily match each other.

 

 

Regular Contributor
Posts: 176
Registered: ‎02-08-2010
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Re: Equifax Score from MyFico

It's 7500 so it's close to max out.

Community Leader
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Re: Equifax Score from MyFico

I don't know if EQ 04 is more harsh with maxed out cards than the others.

 

But you're definitely taking a hit with 93% utilization on that card.

 

Moderator Emeritus
Posts: 10,898
Registered: ‎12-30-2011
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Re: Equifax Score from MyFico

[ Edited ]

user5387 wrote:

I don't know if EQ 04 is more harsh with maxed out cards than the others.

 

But you're definitely taking a hit with 93% utilization on that card.

 


+1, at a swag that's a difference of 15ish points in your case I suspect.

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 693, EQ 8 685, TU 705, EX 709 (02/27/15)
Goal Score: 700 on EQ 04 (01/01/16)


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Regular Contributor
Posts: 176
Registered: ‎02-08-2010
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Re: Equifax Score from MyFico

So is it that equifax is treating that one card harder then the other two CRA's?  

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Valued Contributor
Posts: 1,794
Registered: ‎07-01-2010
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Re: Equifax Score from MyFico

You have a maxed out card, and this is a negative for scoring purposes, and different scoring models will weight this differently.

 

I don't know the exact details of how EQ 04 works compared to the others, but I would expect variations of this sort.

 

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