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FINALLY Equifax joined the cool kids!

Frequent Contributor

FINALLY Equifax joined the cool kids!

I've complained on here before that my Equifax score is always 30-40 points lower than my TU and EX scores, despite it having the fewest inquiries (2).

 

Well, last month those 2 INQs reached 1 year of age...so I checked my report today and my score jumped from 709 (as of 9/23) to 732!

 

Just wanted to share this with folks who have also wished terrible things upon Equifax.  EQ sure likes to hold a grudge against INQs!

TU: 771 (7/17/17) | EQ: 787 (7/17/17) | EX: 792 (7/17/17)

Cap1 Quicksilver, $4,750 (4/2012); Discover IT, $34,000 (10/2012); Chase Amazon Rewards, $14,600 (10/2012); AMEX Hilton HHonors, $15,000 (11/2012); AMEX Blue Cash Everyday, $15,000 (01/2013); Barclaycard Arrival+, $10,000 (07/2013)
7 REPLIES
Moderator Emerita

Re: FINALLY Equifax joined the cool kids!

Frequent Contributor

Re: FINALLY Equifax joined the cool kids!

Congrats!

 

I think your EQ being low on MyFICO has more to do with the FICO 04 scoring model than which CRA it was from.

 

If you were able to pull FICO 04 scores from other CRAs besides EQ, those scores would have also been low (probably lower if you have more inqs in the other ones).

 

I too have a problem with FICO 04 scores.. they were 96 points lower than my 08 scores late last month (EQ 04 666, TU 08 762, EX 08 757).

 

EDIT: FYI, the scores MyFICO sells are EQ: FICO 04 Classic, EX: FICO 08 Classic, and TU: FICO 98 Classic.

[10%+] Internet, Cable, Cell phone
[5%] Gas, Grocery, Amazon, Airline tickets, Drug Stores, Dept. Stores, Target, MyHabit
[3%] Restaurants
[2%] Everything Else
Frequent Contributor

Re: FINALLY Equifax joined the cool kids!

Yep...EQ 04 doesn't like inquiries! I gained 11 points when an inquiry hit the year mark. Smiley Surprised

Myfico scores.....
EX... 805 (11-10-13)
EQ... 810 (12-02-13)
TU... 810 (12-02-13)
Valued Contributor

Re: FINALLY Equifax joined the cool kids!

I lost 11 points when my third INQ hit EQ04, and then I gained 11 points when the oldest of the three INQ's fell off. My TU08 and EX08 tends to run 50 to 75 points higher than my EQ04 score. I am glad that a lot of the CC companies are starting to use the 08 versions.

Starting Score: 693 TU FICO, 679 EQ FICO
Current Score: FICO 8 = 844(9/15) EQ, 827 TU, 811 EX (7/15); mortgage FICO= 758 (9/15)EQ5, 797 TU4, 748 EX2 (7/15)
Goal Score: 750+, but shooting for the 800's
Hyatt Visa Sig ($23K), Amex BCP (24.8K), BofA Travel Rew Sig (22.5K), B&N World MC (22.3K), Amex RP Gold (NPSL w/ S&T), Cash+ Sig (20K),United Mil+ExpSig (16.3K), FNBO Visa (13.1K), Hilton Surpass (10K), Freedom Visa Sig (8.6K), Disc It (16.4K), Citi Dia Pref MC (3.7K),Sam's MC (10K), Wally (7.5K), JCP(5.3K), Costco (2K)

Re: FINALLY Equifax joined the cool kids!

Inquiries make up 10% of your score, right?

 

How does the Equifax FICO weigh inquiries differently than TU or EXPERIAN?

 

I have 3 inquiries < 1 year on Equifax and only 1 inquiry < 1 year on both TU and EX (4 months old).  Are you saying Im being hammered by those 3 inquiries on EQUIFAX?  (Ages are 8 months, 5 months and 4 months, on Equifax).

Frequent Contributor

Re: FINALLY Equifax joined the cool kids!


I_SUFFER_FROM_FICO_ENVY wrote:

Inquiries make up 10% of your score, right?

 

How does the Equifax FICO weigh inquiries differently than TU or EXPERIAN?

 

I have 3 inquiries < 1 year on Equifax and only 1 inquiry < 1 year on both TU and EX (4 months old).  Are you saying Im being hammered by those 3 inquiries on EQUIFAX?  (Ages are 8 months, 5 months and 4 months, on Equifax).


 

Possibly. I just learned recently how brutal Equifax is on inquiries. I wish I would have known this a year ago! lol

Myfico scores.....
EX... 805 (11-10-13)
EQ... 810 (12-02-13)
TU... 810 (12-02-13)
Frequent Contributor

Re: FINALLY Equifax joined the cool kids!

Its most likely the FICO 04 Classic model that is harsh on inquiries not the credit reporting agency, Equifax itself. The way i understand it is that different fico version year is analogous to which version of android os you have while which CRA provides your FICO score is analogous to which cell phone manufacturer tweaked your android os. Samsungs android can be similar but slightly different from the same version of another manufacturers android os. However, the difference isnt going to be as dramatic as going from android version 3.0 (honeycomb) to version 4.0 (icecream sandwich).
[10%+] Internet, Cable, Cell phone
[5%] Gas, Grocery, Amazon, Airline tickets, Drug Stores, Dept. Stores, Target, MyHabit
[3%] Restaurants
[2%] Everything Else