topic Factors adversly affecting FICO score in Understanding FICO® Scoring

Factors adversly affecting FICO score

Anonymous — Wed, 09 Jan 2013 19:20:34 GMT

Received fico score with number of "Key Adverse Factors" listed. Requested and received full credit reports and found no evidence of any of these. None. Reviewed reports with credit agencies. They too found no reason for the factors listed. How can this happen?

Re: Factors adversly affecting FICO score

pizzadude — Wed, 09 Jan 2013 19:26:22 GMT

@Anonymous wrote:
Received fico score with number of "Key Adverse Factors" listed. Requested and received full credit reports and found no evidence of any of these. None. Reviewed reports with credit agencies. They too found no reason for the factors listed. How can this happen?

Welcome to the forums !

Can you be more specific and list the Factors affecting your FICO score ?

Re: Factors adversly affecting FICO score

Anonymous — Wed, 09 Jan 2013 19:35:03 GMT

"Number of accounts with delinquencies" There are NONE

""Too few accounts paid as agreed" There are NONE

Re: Factors adversly affecting FICO score

pizzadude — Wed, 09 Jan 2013 19:39:01 GMT

Have you ever had accounts paid late ? Wondering if your credit file might have been split.....

Re: Factors adversly affecting FICO score

pizzadude — Wed, 09 Jan 2013 19:41:19 GMT

Here's a recent thread that discussed: http://ficoforums.myfico.com/t5/General-Credit-Topics/How-Mixed-Split-Credit-Files-Happen-and-What-to-Do-to-Fix/td-p/1798274

Re: Factors adversly affecting FICO score

Anonymous — Wed, 09 Jan 2013 19:54:42 GMT

how can I find out if this has happened?

Re: Factors adversly affecting FICO score

Anonymous — Wed, 09 Jan 2013 20:00:01 GMT

If it ere a split file, would not the "bad" accounts that are causing this show up on the full credit report?

Re: Factors adversly affecting FICO score

pizzadude — Wed, 09 Jan 2013 20:14:35 GMT

@Anonymous wrote:
If it ere a split file, would not the "bad" accounts that are causing this show up on the full credit report?

I think a split file results in more than one credit report under your identity, so it's possible that you wouldn't see everything.

The thread referenced above recommends contacting the CRA directly if you believe your file might be split.

Re: Factors adversly affecting FICO score

Anonymous — Wed, 09 Jan 2013 20:22:27 GMT

by CRA, you mean Equifax, et al?

Re: Factors adversly affecting FICO score

pizzadude — Wed, 09 Jan 2013 20:25:26 GMT

@Anonymous wrote:
by CRA, you mean Equifax, et al?

Yes, whichever CRA provided you the scoring reasons that didn't match up. Either EQ, TU or EX....

Re: Factors adversly affecting FICO score

AndySoCal — Thu, 10 Jan 2013 05:55:23 GMT

First of this is not a split file. The FICO score is for the credit file given to it . The credit file given to it is the you have the report for.

An example of a situation where a split file can occur is with a consumer whose fill name is Jonathon Doe JR. This consumer has applied for and received credit as Jonathon Doe and Jonathon Doe JR and Jon Doe JR and at two different addresses. The two fileswould be for the Jonathon Doe at address 1 and the second file for Jonathon Doe JR and Jon Doe JR at address 1 and 2. Most of the time this will not cause an issue. If the consumer updates the his address with his creditors you most likely will not see a problem. If there is credit the is unique to Jonathon Doe at address 1 then a you might have a problem. The bureuas may or may not consider Jonathon Doe or Jonathon Doe JR the same person depending other info in the conusmer credit file. Just becuase the SSN are the same it does not mean it is the person. The bureaus search criteria looks at Name, address , previous address, generation code, age, date of birth.

Here is a link you might find useful in understanding the score reasons.

http://www.scoreinfo.org/FICO-Scores/Pages/Score-Factors.aspx