12-04-2007 11:14 AM
12-04-2007 11:20 AM - edited 12-04-2007 11:21 AM
12-04-2007 11:24 AM
THE SECOND AND LAST REASON GIVEN FOR MY LOWER CREDIT SCORE IS THAT 'THERE IS A LACK OF INSTALLMENT LOAN INFORMATION BEING REPORTED" I HAVE A NEAR $15,000 AUTO LOAN AT MY CREDIT UNION WHICH FOR NEARLY TWO YEARS IS ALWAYS BEING PAID ON TIME SINCE IT IS ELECTRONICALLY TRANSFERRED FROM MY BANK ACCOUNT TO THE CREDIT UNION BEFORE IT IS DUE. THE CREDIT UNION TELLS ME THEY REPORT IT TO "EXPERIAN." I AM TOLD BY LAW THE CREDIT REPORTING COMPANYS ARE SUPPOSE TO SHARE THIS INFORMATION. WHY DOESN'T FICO KNOW ABOUT MY OUTSTANDING RECORDIN PAYING OFF THIS LOAN?
12-04-2007 11:25 AM
12-04-2007 12:53 PM
12-04-2007 01:57 PM
12-04-2007 02:40 PM
REALESTATE444 wrote:WHY CAN'T FICO DEVELOPE A SYSTEM TO SHOW THAT I AM USING THE CARDS THAT I DO USE....THE CREDIT UNION TELLS ME THEY REPORT IT TO "EXPERIAN." I AM TOLD BY LAW THE CREDIT REPORTING COMPANYS ARE SUPPOSE TO SHARE THIS INFORMATION. WHY DOESN'T FICO KNOW ABOUT MY OUTSTANDING RECORDIN PAYING OFF THIS LOAN?
12-04-2007 03:25 PM
12-04-2007 10:45 PM
12-05-2007 04:12 AM
denbar2003 wrote:When looking at ridiculous "reason" codes, I think we sometimes focus on a consumer's score in situations such as this instead of addressing the issue of "buggy" software. It really doesn't matter to me what the score is ... an invalid "reason" code appears to be a short-coming in the software that does not lend itself to warranting my trust in that software. If a consumer's scores were lower and they still got an invalid reason code, would it still be acceptable?
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