topic Re: Too many delinquencies ?? in Understanding FICO® Scoring

Too many delinquencies ??

mustangy — Mon, 03 Dec 2012 03:12:14 GMT

I copied from my credit report and i dont have any late payment and almost always paid before due date why credit report says this

first is EXperian second is Equifax

Experian Credit Score:

761

This credit score places you above 82 % of the population.

Score Factors:Factor 1Factor 2Factor 3

Average age of bank revolving trades is too short

Not enough debt experience

Too many delinquencies

Equifax Credit Score:

721

This credit score places you above 69 % of the population.

Score Factors:Factor 1Factor 2Factor 3

Too many delinquencies

Available credit on bankcard accounts is too low

Average age of bank revolving trades is too short

Re: Too many delinquencies ??

llecs — Mon, 03 Dec 2012 03:21:49 GMT

Where did you copy and paste that from?

My first instinct is to say that this CMS offers FAKO scores (due to Experian being listed) and the scoring factors have little meaning. Many CMSs also only show the past 2 years' worth of history which can mean that if you have a late older than 2 yrs old, then it can trigger the comment even if not showing.

Re: Too many delinquencies ??

mustangy — Mon, 03 Dec 2012 03:33:42 GMT

Thanks Llecs for answer

Copied from trustedid web site and if its shows only two years I m %100 sure no late payment in my history because i have only 2 credit card from bankofamerica and track online every week and paid before billing date

How to clear this

Experian

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

2012

2011

2010

Equifax

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

TransUnion

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

2012

2011

2010

Re: Too many delinquencies ??

llecs — Mon, 03 Dec 2012 04:08:18 GMT

I checked into the product. They have made a lot of changes over the past year. When I first looked at them when putting together the CMS Guide, they were only an ID theft service and didn't monitor the reports. Their Q&A says that it isn't a FICO and the T&C mentions an affiliation with TrueCredit, which offers a Vantage. TC's resells sometimes offer a TransRisk. I'm off track here, but I'll add it to the CMS Guide after a little more research. Thanks.

Back to the question.....TC often mislabeled some of my TLs. I'd definitely pull your CRs directly from the CRAs or annualcreditreport just to make sure that everything is OK. That comment could include any past baddies outside BofA.

Re: Too many delinquencies ??

mustangy — Sun, 09 Dec 2012 00:39:29 GMT

this is funny

I applied to many cards yesterday

personal

chase freedom 5k after recon

amex bce 13.5k (forget rsvp code hope they will ad my $250 rewards

bofa CLI up to 15k visa signature

business

discover denied

chase ink denied

cap one spark classic approved 2k

Trustedid has only one alert whic i trial period for 125$ annual

LOL kredit karma has 3 alert will cancel monday Trustedid

back toTo many delinquencies i ll get report again but i on 10/10/2012 full report from experian cant see any negative information on my past from any bank ???

Re: Too many delinquencies ??

mustangy — Sun, 09 Dec 2012 18:38:06 GMT

llecs

Is closed accounts mean delinquencies ?? If so i closed 2 CC and 2 checking accounts 3 years ago ?

Re: Too many delinquencies ??

llecs — Sun, 09 Dec 2012 18:45:11 GMT

"Closed accounts" should mean any account that is not open, whether good or bad. Checking accounts wouldn't be listed anywhere, unless there's a CA chasing after it.

Re: Too many delinquencies ??

mustangy — Sun, 09 Dec 2012 19:43:16 GMT

Thanks llecs

I search all of credit report from the day i open my first account nothing delayed paid or unpaid there is nothing negative why reports start with too many delinquencies Can I do any about this ? or is it some thing negative ..

Too many delinquencies

Available credit on bankcard accounts is too low

Average age of bank revolving trades is too short

Re: Too many delinquencies ??

llecs — Sun, 09 Dec 2012 19:47:57 GMT

HAve you pulled a myFICO report at all? If so, look onm the accounts page and look for the red flag column. These accounts are viewed as a negative.

Also pull your reports directly from the CRAs (EQ specifically).

Re: Too many delinquencies ??

IOBA — Sun, 09 Dec 2012 20:40:46 GMT

mustangy - I had that comment appear on my credit report notes when I pulled from MYFICO years ago. I had never had a late payment, EVER. My guess it was in regards to a collection account that shows up and then disappears on my credit report. Although at the time, the ca was not showing. I think my credit file is sometimes merged with someone elses (because I KNOW the answers to my past, yet I am denied access to credit reports and to opening a checking account with a certain institution [which I already had an open savings account with], becuase I failed their "verify" questions. Some of the multiple choice answers were clearly belonging to someone else I knew. We never had joint credit. EVER.

So maybe, just maybe, the too many delinquencies is a result of a collection, a judgement, or a merged file.

Re: Too many delinquencies ??

mustangy — Mon, 10 Dec 2012 14:38:55 GMT

Thanks IOBA

but today check my experian from annual there is no negative why trutedid says to many delinquencies

I ll buy EX from their site and take look again

Re: Too many delinquencies ??

IOBA — Tue, 11 Dec 2012 04:47:36 GMT

Again, it could be a split file or a merged file. It could be an old collection account that shows up on the report. Mistakes happen. If your credit score is high, then the comment may not really have an effect on your credit score.

I hope you receive a copy of your credit reports and solve the mystery!