topic Re: How long does Equifax consider something to be recent? in Understanding FICO® Scoring

How long does Equifax consider something to be recent?

Hex — Sat, 06 Jun 2020 13:39:03 GMT

I’m looking for some data about Equifax mortgage score factors. Equifax has been my lowest score on almost all versions of FICO. The exception being FICO 9 where it is my highest score. I have a BK7 that was filed on 03/28/2016 and dc’d 07/08/2016. The BK is the only negative on my reports. When I look at my score reason codes on myFICO Equifax has always listed “Recent collection and/or PR” as a reason code. It also lists “Collection and/or PR” as do Experian and Transunion but Equifax is the only one with the “Recent collection and/or PR” reason. So my question is how long do they consider something recent? Obviously this has been hurting my score which I believe is the reason that my Equifax scores are lower than the others. I’m 4 years past filing and almost 4 years past dc so I’d think it’s not really recent anymore. Does anyone know how long Equifax considers things recent?
Current scores:

EQ 716

Tran 722

Exp 733

Mortgage-

EQ 684

Tran 716

Exp 694

EQ 775

Tran 758

Exp 759

Re: How long does Equifax consider something to be recent?

TheKid2 — Sat, 06 Jun 2020 14:36:28 GMT

Just to try and help with some DPs from me for EQ. I have COs, not a BK, but we are both in a dirty scorecard. My reason codes do not throw any "recency" warnings about 3 year old settled COs. So, my guess is that the reason is specific to a PR (BK?) and we are in different segments of the dirty scorecard.

Hopefully someone who had a BK can report when that recent reason code dropped for them.

Good luck!

Re: How long does Equifax consider something to be recent?

Anonymous — Mon, 15 Jun 2020 07:48:24 GMT

Personally I would pull an ACR credit report and closely scrutinize the data on the Equifax report.

But @Anonymous? Any advice?

Re: How long does Equifax consider something to be recent?

Anonymous — Mon, 15 Jun 2020 17:10:52 GMT

Hmm. I honestly have no idea. I can't remember if my previous reports had "recent" on them. I'll dig up my EX CWP history later and see if it shows up on there. It could just be your particular scorecard and if that's the case, it's not going away until you get assigned a new one would be my guess.

Re: How long does Equifax consider something to be recent?

Anonymous — Mon, 15 Jun 2020 20:19:41 GMT

It's annoying trying to go through the archive on mobile but I didn't see one "recent" reason code going back to January 2019. My guess is it's just a scorecard factor.

Re: How long does Equifax consider something to be recent?

Anonymous — Mon, 15 Jun 2020 20:46:53 GMT

Well he’s got to be in one of the two public records scorecards and they are divided by recency, but I can’t see four years old BK being recent.

There has to be something else on OP’s credit report somewhere I think. And the fact that @Anonymous didn’t have it makes it even more evident, IMHO.