topic Re: I Hate Equifax in Understanding FICO® Scoring

I Hate Equifax

TNTransplant — Fri, 16 Mar 2012 01:30:46 GMT

Not really, but catchy titles are good "attention getters."

Anyway, rhetorical question here… Why is my Equifax FICO score refusing to update? I know there’s no rhyme/reason for the scoring algorithms, but it’s so frustrating.

Quick background history: Joined the forum in 1/12, discovered tons of information, and went to work. Absolutely no baddies, perfect payment history, no BK, etc. My problem was very high utilization (72% revolving) and far too many inquiries. I had myself added as an authorized user to a $10,000 CL AMEX with a $0 balance in January, began gardening, and started to work at paying down debt. Since adding the AMEX, I have paid an additional $3,000 on revolving debt and my current utilization is now reporting as 36%. All of this updated information has posted to all three credit bureaus.

My initial EQ FICO was 659, and TU08 was 670. So, what are my current scores after these changes reported? Well, TU08 rose to 699, and EQ dropped to 656. The only thing I can figure is that the added AU on the AMEX caused me to be re-bucketed by lowering my AAoA (went from just over 5 yrs to 4 yrs, 1 month). However, this didn’t cause a score drop on TU.

Anyway, I received CLIs this month for another $1700 and paid another $700 on my revolving debt, both of which should lower my utilization even more. It will be interesting to see if there is any change next month after these are reporting.

Why do you hate me so, EQ?

Re: I Hate Equifax

Booner72 — Fri, 16 Mar 2012 15:04:23 GMT

I hate Equifax, too.

I hate Equifax because they refuse to delete the collections that are supposed to be deleted that everyone else deleted, and the dispute is taking 10000 times longer than any other dispute I've had to do to get updated information in the past.

I hate Equifax because the have a call center out of the US and I can't understand the reps, and the reps don't know JACK about how this all works.

I hate Equifax because it has always been my lowest score and always will be.

I hate Equifax because EVERYWHERE that I want credit from uses them.

Love,

Booner

Oh, Equifax, let me count the ways.

Re: I Hate Equifax

Anonymous — Fri, 16 Mar 2012 20:20:29 GMT

LOL Booner!!!

I too hate EQ!!

Re: I Hate Equifax

TNTransplant — Sat, 17 Mar 2012 00:32:21 GMT

@Booner72 wrote:
I hate Equifax, too.
I hate Equifax because they refuse to delete the collections that are supposed to be deleted that everyone else deleted, and the dispute is taking 10000 times longer than any other dispute I've had to do to get updated information in the past.

I hate Equifax because the have a call center out of the US and I can't understand the reps, and the reps don't know JACK about how this all works.

I hate Equifax because it has always been my lowest score and always will be.

I hate Equifax because EVERYWHERE that I want credit from uses them.

Love,

Booner

Oh, Equifax, let me count the ways.

LOL! Booner, this is great stuff...

Re: I Hate Equifax

namvet — Sat, 17 Mar 2012 00:53:29 GMT

You are not alone. EQ is my least favorite of the big 3.

Re: I Hate Equifax

Student_Loans_Kill — Tue, 20 Mar 2012 04:02:05 GMT

Are you kidding me

@namvet wrote:
You are not alone. EQ is my least favorite of the big 3.

Experian is the worst by far. Were do I start? No myfico agreement...h,n I wonder why? Inaccurate information They won't remove old addresses... I have a HOSPITAL listed as an old address. Account balances on my student loans that were consolidated still show balance owed Not to mention their score 540 doesn't even match their FAKO score I paid for from their website which was 601, or the USAA score of 590, which is till significantly lower than my other two scores with the same information, minus the hospital address

Re: I Hate Equifax

RW771 — Tue, 20 Mar 2012 16:11:52 GMT

@Booner72 wrote:
I hate Equifax, too.
I hate Equifax because they refuse to delete the collections that are supposed to be deleted that everyone else deleted, and the dispute is taking 10000 times longer than any other dispute I've had to do to get updated information in the past.

I hate Equifax because the have a call center out of the US and I can't understand the reps, and the reps don't know JACK about how this all works.

I hate Equifax because it has always been my lowest score and always will be.

I hate Equifax because EVERYWHERE that I want credit from uses them.

Love,

Booner

Oh, Equifax, let me count the ways.

Ditto. EQ is ALWAYS my lowest too and EVERYWHERE here uses them. Funny thing is EQ even has the least amount of advserse accts/baddies out of all 3 and is always a good 30-50 points lower than what TU and EX show me (even each time a lender has pulled EX).

They are the slowest to update accounts and I hate calling in for an issue, only for them to keep trying to sell me crap. Bleh.

Re: I Hate Equifax

TNTransplant — Sat, 24 Mar 2012 18:16:11 GMT

Well, I still hate Equifax, but I'm now up to 680 on my score, just checked today and there was a 24 point jump in the past month - something obviously updated.

This is much more in line with my TU08, which is 699.

Hopefullly I'll cross over the 700 barrier on my TU next month, which will be my first score to do so...

Re: I Hate Equifax

IOBA — Mon, 26 Mar 2012 13:20:12 GMT

I was at the credit union, opening up a CD at 2.75%. Well, it's one per primary member. (I am primary, DH is secondary.) So we opened up an another member account with DH as primary, me as secondary. They pulled credit.

I naturally asked which report - Equifax. I groaned - you probably heard me - I said I think that is the worst one....

The banker looked up, smiled, and said, "Yep! Equifax is usually the worst score of all three and that's why we pull it!"

DH - 707

Me - 797

Re: I Hate Equifax

h4ldol — Mon, 26 Mar 2012 20:30:49 GMT

When I checked my FICO scores last month prior to applying for some new CC, my EQ and TU were around 740-749 and I found that my EX FICO was much lower than both of those. 708 and 706 when pulled by BoA and AMEX. So for me at least, Experian has been the worst in terms of the actual FICO score.

However, I hate Equifax because of what happened last night when I pulled my free annual credit reports (FACT act) from all 3 bureaus. TU and EX were fine but EQ had some weird error that prevented me from printing/saving the report, and then there was an error when I tried to create an online account so that I could access it later. So now the only way I can see the report is to request by mail and jump through all sorts of hoops (like sending in various forms of proof of ID) just to get it.

Re: I Hate Equifax

Booner72 — Mon, 26 Mar 2012 22:44:05 GMT

They must be having problems with their system, UGHAIN. I couldn't get on to see my report today either. I know I answered the secret questions right.....Here's one for you - my mortgage is through "Wells Fargo Home Loan" --- but the CRA asked me who is your home loan thru, and one answer was "Wells Fargo and Company" === Do you think that is a trick questions?? Or is that their name? (If it is their name thenI did answer the questions wrong).

I Hate Equifax - REALLY!!!

TNTransplant — Tue, 31 Jul 2012 22:39:49 GMT

Ok, I can officially say that I hate Equifax now.

I have been pulling my credit reports (almost) daily using USAA CMS to keep an eye on my credit profile/progress, and I noticed today that Equifax has DELETED 14 older positive tradelines, all having last activity in 2005/2006. Needless to say, my AAoA has dropped from 6+ years to 4 yrs 4 months.

From what I've read on here, this could be due to something called a "split file" because their system can't hold all my data (I did have an extremely large file with 62 accounts reporting, and it's now at 48). Also, it looks like my daily monitoring has possibly caused this by adding too many inquiries.

Has anyone had any success with EQ and having tradelines added back to your credit profile? I didn't read anything positive about ones' experiences in doing so...

Also, does anyone have any idea what this may do to my FICO score by lowering the AAoA? FWIW, I only have positive accounts reporting, so I don't think I'll take a hit that way. However, I have an auto refinance that's not yet reported, and another student loan that will report in probably September, so neither of those are going to help things.