Reply
Valued Member
Posts: 54
Registered: ‎03-15-2007
0

Help! Incorrect UT calculation: myfico.com problem or EQ problem?

So, I ran my EQ on myfico and almost puked...it DROPPED 32 points!!  I discovered that it's because an old CO is now showing as active and they're including it in the UT calculation.  It says my UT is 75% when it should be 36%.  I freaked out and popped for the other two reports, and they are showing correctly (with a 14pt increase on EX and 22 pt on TU!  yay!).  Who do I take this up with--myfico.com or EQ?
Moderator Emeritus
Posts: 6,182
Registered: ‎03-29-2007
0

Re: Help! Incorrect UT calculation: myfico.com problem or EQ problem?



twnkltoz wrote:
So, I ran my EQ on myfico and almost puked...it DROPPED 32 points!!  I discovered that it's because an old CO is now showing as active and they're including it in the UT calculation.  It says my UT is 75% when it should be 36%.  I freaked out and popped for the other two reports, and they are showing correctly (with a 14pt increase on EX and 22 pt on TU!  yay!).  Who do I take this up with--myfico.com or EQ?



So the CO must only be reporting on EQ right? Otherwise, your TU and EX would not have increased with a new CO. Also, your beef should be with the CRA, not MyFico. MyFico simply generates a score with the information given. They are not responsible for information on your reports.
 
Also,  keep in mind, your three scores will rarely ever be the same. Work on getting the collection removed and you will bounce back.
Valued Member
Posts: 54
Registered: ‎03-15-2007
0

Re: Help! Incorrect UT calculation: myfico.com problem or EQ problem?

It is reporting to all three, but EX and TU are calculating correctly.
Moderator Emeritus
Posts: 6,182
Registered: ‎03-29-2007
0

Re: Help! Incorrect UT calculation: myfico.com problem or EQ problem?

Doesn't sound like they are if you gained points with a new collection. :smileyhappy:
 
What are your TL differences betweens all three reports?
Moderator Emeritus
Posts: 6,182
Registered: ‎03-29-2007
0

Re: Help! Incorrect UT calculation: myfico.com problem or EQ problem?

Also, you are pulling your TU and EX scores from MyFico and not the CRAs right?
Valued Member
Posts: 54
Registered: ‎03-15-2007
0

Re: Help! Incorrect UT calculation: myfico.com problem or EQ problem?

Correct--all three reports were from myfico.  That does make me think that it's an EQ problem, but I thought it might be a FICO calculation problem, like they're looking at the account wrong? 
Valued Member
Posts: 54
Registered: ‎03-15-2007
0

Re: Help! Incorrect UT calculation: myfico.com problem or EQ problem?

[ Edited ]
Oh, sorry...it's not a new collection.  It's been there for a long time, but I think EQ is looking at it as current while the others are still disregarding it for UT purposes.
 
EQ: 568 (was 600)
EX: 600 (was 586)
TU: 634 (was 612)
 
At least my middle score stayed the same!


Message Edited by twnkltoz on 05-01-2007 11:17 AM
Moderator Emeritus
Posts: 6,182
Registered: ‎03-29-2007
0

Re: Help! Incorrect UT calculation: myfico.com problem or EQ problem?



twnkltoz wrote:
Oh, sorry...it's not a new collection.  It's been there for a long time, but I think EQ is looking at it as current while the others are still disregarding it for UT purposes.
 
EQ: 568 (was 600)
EX: 600 (was 586)
TU: 634 (was 612)
 
At least my middle score stayed the same!


Message Edited by twnkltoz on 05-01-2007 11:17 AM


AH Ok. You had me scratching my head there. :smileyhappy:
Valued Member
Posts: 54
Registered: ‎03-15-2007
0

Re: Help! Incorrect UT calculation: myfico.com problem or EQ problem?

So, with greater clarity...do I still need to talk to EQ?
Valued Member
Posts: 54
Registered: ‎03-15-2007
0

Re: Help! Incorrect UT calculation: myfico.com problem or EQ problem?

Well, I called EQ, and they said it's showing as an open account.  But they're also showing it as a CO!!  Dumb***es.  She started an investigation...I hope it doesn't take forever!!  :smileymad: The "last reported" date updated, too...

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 based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). 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.