topic Re: EQ 52 points higher than TU...SAME TL's in Understanding FICO® Scoring

EQ 52 points higher than TU...SAME TL's

economan — Sun, 30 Jun 2013 15:59:37 GMT

I've been waiting for my TU to hit 740 so I can refi the house. It's stuck at 733 but EX is at 785. The reports have identical tradelines (according to myfico). My CC util is <1% (approx $250) and the only derogs were 6 years ago I had 60 day late my student loans 2 months in a row and 30 day on a consumer loan. I've got 9 open accounts (2 CC, 2 MTG, and 5 Student loans). Is there anything I can do to get this TU up?

MY TU was 728 on 5/15 with over $10k of CC debt and util at 50% on one card.

Re: EQ 52 points higher than TU...SAME TL's

Shogun — Sun, 30 Jun 2013 16:02:50 GMT

The TU you are pulling from here is TU98 and the one your mortgage lender will pull most likely will be a TU04 which in my experience is usually higher. YMMV as always, but you might already be there.

Re: EQ 52 points higher than TU...SAME TL's

Shogun — Sun, 30 Jun 2013 16:04:03 GMT

Oh, and drop the balance on one of those CCs to $0 and leave the other at less than 9%. That should give you a bit of a boost. My sweetspot for my scores is 4%.

Re: EQ 52 points higher than TU...SAME TL's

economan — Sun, 30 Jun 2013 16:11:39 GMT

Thanks, I think I will give it a shot. I had all but one at zero balance, but the sneaky chase folks threw on the $95 annual fee at closing date. Argh!!! The two statements closed on the same date, so no way to fix in time!

But maybe I can adjust before next statement and have refi agency do a rapid rescore if I'm not there yet.

Re: EQ 52 points higher than TU...SAME TL's

Anonymous — Sun, 30 Jun 2013 16:13:51 GMT

hey shogun how long did it take you to go from a 504 to an 819...and what your secret?

Re: EQ 52 points higher than TU...SAME TL's

Shogun — Sun, 30 Jun 2013 17:14:11 GMT

@Anonymous wrote:
hey shogun how long did it take you to go from a 504 to an 819...and what your secret?

The secret? A touch of OCD, throwing money at everyone and wanting to improve my situation. I would make goals and strive to achieve them. Then it just becomes a challenge, and I love a good challenge.

Re: EQ 52 points higher than TU...SAME TL's

economan — Tue, 02 Jul 2013 05:33:06 GMT

Just app'd for the refi. All three scores were 775-785. Holy cow, 50 point difference on their TU and this TU. Regret paying myfico $16 to see an old score, but as always cavea emptor.

Re: EQ 52 points higher than TU...SAME TL's

Shogun — Tue, 02 Jul 2013 06:06:10 GMT

See, I nailed it! LOL.... Congrats!

Re: EQ 52 points higher than TU...SAME TL's

economan — Tue, 02 Jul 2013 18:12:43 GMT

Thanks!! Now we just discovered a bogus collection from 3 years ago on wife's account. Contacted the collection agency and they have no record of the collection. Just disputed all three bureau's. Will let you know what turns up.

Re: EQ 52 points higher than TU...SAME TL's

Kratos-TM — Wed, 03 Jul 2013 16:09:34 GMT

This thread was exactly what I needed. Thanks guys for answering a question that I needed.

Re: EQ 52 points higher than TU...SAME TL's

Anonymous — Thu, 04 Jul 2013 22:34:01 GMT

Is there any way to get the scores used by mortgage lenders without having them pull it and taking a ding?

Re: EQ 52 points higher than TU...SAME TL's

Shogun — Sun, 07 Jul 2013 04:39:51 GMT

The EQ you get from here should be spot on. The TU and EX will be different models. TU that most mortgage lenders use is TU04 and you can't buy it.