topic First Premier Bank in Credit Cards

First Premier Bank

Mhogle1986 — Tue, 21 Mar 2023 21:04:36 GMT

Hi guys! So I had an alert this morning that notified me of a 78 point decrease on my TransUnion report. I didn't receive any negative notifications, other than First Premier Bank reported a new account on March 15th 2023, but the account in fact is not new. It was opened April 2021. So, they reported it as new, then a day later, reported it as closed, which it has been closed for a year now and I've been making on time payments until the balance is paid in full. I don't understand why they did that? Should I file a dispute? Can someone please help me understand and possibly point me in the right direction? Thank you so much!

Re: First Premier Bank

coldfusion — Tue, 21 Mar 2023 21:32:32 GMT

Have you pulled a copy of your Transunion report to see exactly what is on it? Don't fully trust what the 3rd parties like Credit Karma are claiming are on your report.

There's no point in trying to dispute something unless and until you know what it is you need to dispute, so at a mininum you would know who to target with a dispute (and by extension who you would need to file the dispute with).

Re: First Premier Bank

Mhogle1986 — Tue, 21 Mar 2023 21:47:54 GMT

Hi! Experian is reporting my score at the same, it also reports my transunion as it has been also. Credit Karma seems to be the only one reporting my Transunion as 78 points less. I don't trust them. My credit attorney just said to let it go and see if it resolves itself. Thank you for your advice too!

Re: First Premier Bank

coldfusion — Wed, 22 Mar 2023 01:07:05 GMT

OK. The Vantage 3.0 scoring model that Credit Karma uses can be incredibly sensitive to changes in your credit profile and the scores sometimes can have wild fluctuations based on activity that barely nudges FICO scores. CK is a useful tool to keep track of what your reports are saying but the scores they provide need to be kept in perspective especially since nobody that matter uses Vantage 3.0 to make credit decisions.