topic Re: EQ vs TU FICO? in Understanding FICO® Scoring

EQ vs TU FICO?

bichonmom — Thu, 19 Jan 2012 04:52:25 GMT

Okay. I'm kinda doing the happy dance right now. My one collection FINALLY came off of TU, and my TU FICO jumped from 673 to 776 (over 100 points! Woohoo!) My question is: why didn't the same thing happen w/EQ?? When the collection came off of EQ, I didn't even realize it because my score did not increase at all. In fact, it dropped (either because of new CCs or reporting CC balances). It's rebounded since I paid the CCs, but still it's in the same vicinity as it was with the collection on. I just don't get it. I was really hoping that when it came off, my score would go over 700.

The only diff between EQ and TU reports is an old acct from 1987 that miraculously is reporting on TU.

Could someone explain how EQ scores differently than TU (Walmart version), and maybe why one went up so much and the other didn't budge?

Thanks!

Re: EQ vs TU FICO?

laz98 — Thu, 19 Jan 2012 05:02:28 GMT

@bichonmom wrote:

The only diff between EQ and TU reports is an old acct from 1987 that miraculously is reporting on TU.

I'm guessing this. This old account is probably boosting the heck out of your TU score, depending on what your other accounts look like.

Re: EQ vs TU FICO?

bichonmom — Thu, 19 Jan 2012 05:07:06 GMT

I'm sure the old acct is helping my score. I just don't get how there could be such a huge jump with TU and virtually no change with EQ.

Re: EQ vs TU FICO?

laz98 — Thu, 19 Jan 2012 05:29:15 GMT

I had the same experience as you. My one baddie fell off my reports, & both my TU (from here & from Walmart) & EQ dropped while EX jumped 41 points or so. I wish I could say why, but all I can really say is the very vague "TU & EQ weigh things differently"

Re: EQ vs TU FICO?

bichonmom — Thu, 19 Jan 2012 06:24:49 GMT

Thanks. You have a cute puppy! (Assuming your gravatar is your pup.)

Re: EQ vs TU FICO?

laz98 — Thu, 19 Jan 2012 06:40:01 GMT

thank you!!!

that is my baby beagle pandora...i call her my baby shenanigan she'll be 3 in may.

we also have another beagle, patti, that will be 4 in november. she is our rescue beagle.

Re: EQ vs TU FICO?

bichonmom — Thu, 19 Jan 2012 06:48:14 GMT

Such a cutie!

I have 2 Bichon Frises -- they're my babies, but they're both senior citizens.

Re: EQ vs TU FICO?

laz98 — Thu, 19 Jan 2012 06:49:59 GMT

cute! sometimes i wish mine were as slow as senior citizens

Re: EQ vs TU FICO?

bichonmom — Thu, 19 Jan 2012 06:58:06 GMT

I remember that puppy energy! I'm so longing for a puppy, but trying to hold out until after I move.

Re: EQ vs TU FICO?

laz98 — Thu, 19 Jan 2012 18:47:45 GMT

i wonder how your pups will respond to a new little one! do you have girls or boys?

Re: EQ vs TU FICO?

bichonmom — Thu, 19 Jan 2012 19:35:14 GMT

2 boys (litter mates). I had 2 more: their father and his sister. Both died in the last year, so I'm really wanting another dog. I'm thinking about Bichon rescue when I'm ready. After having 4 dogs for so long, 2 dogs doesn't seem like a lot.

I do have concerns about how they'll react to a new dog. I'll need to make sure they all will get along.

Re: EQ vs TU FICO?

laz98 — Thu, 19 Jan 2012 19:41:59 GMT

I'm so sorry to hear that!!! I will be devastated when the time comes for me

Are they a handful? Having 1 beagle is like having 2, & having 2 beagles is like having 6....not sure why their math just doesn't add up While I "ideally" would LOVE to just have a circus of beagles around, I think I would go nuts! LOL.

You know, I had never even heard about Bichons until like last year! I was watching Dogs 101 I think I had probably seen them, but I didn't know what they were called. They're pretty cute, though! I remember when I first started seeing your name on the forums...I thought, Hmm, I wonder if she has one of those dogs....

Re: EQ vs TU FICO?

bichonmom — Thu, 19 Jan 2012 20:17:18 GMT

It's been difficult, but thankfully I have these 2 to help me through it.

They used to be a lot more of a handful than they are now. But I got used to all the action, so it was normal for me. Bichons are very affectionate and playful. Mine aren't groomed for the "big, poofy" look. Some people think they're poodles.

Re: EQ vs TU FICO?

Anonymous — Thu, 19 Jan 2012 23:46:51 GMT

Whether the 1987 account is a revolving account, or an installment account is probably where most of that value comes from on TU. Either way you have good payment history, on a positively closed account so that will certainly help. It is surprising that it makes a 100 point dfference though.

Do you have differences in identity between the two bureaus? (extra ways your name shows, or a ssn that is in error?) These things can also cost you score points.

Re: EQ vs TU FICO?

llecs — Fri, 20 Jan 2012 00:20:44 GMT

CreditSense1 wrote:

Do you have differences in identity between the two bureaus? (extra ways your name shows, or a ssn that is in error?) These things can also cost you score points.

FICO ignores all demographic info like a name, addresses, SSNs, former names, former addresses, your age, etc.