topic Re: Equifax Report in General Credit Topics

Equifax Report

laz98 — Sun, 21 Dec 2008 05:50:23 GMT

I just got my credit report through Equifax Credit Watch Gold.

It shows my Length of Credit History as 0, & my Average Account Age as NaN Year.

It also shows my oldest account as Blah Blah Blah: Opened N/A.

Are these problems I should try to fix?

Re: Equifax Report

haulingthescoreup — Sun, 21 Dec 2008 15:09:50 GMT

Your file might have split, and you just accessed the part with only demographics or something.

I'd give them a call at whatever that special member number is, the one that goes 8 am - 3 am, 7 days a week. That definitely needs fixing!

Re: Equifax Report

laz98 — Sun, 21 Dec 2008 23:36:23 GMT

well, the report itself looks fine & complete. it's just these weird little notations on the summary on the first page.

Re: Equifax Report

Anonymous — Mon, 22 Dec 2008 01:43:57 GMT

Mine is the same way. Shows I have no history yet my oldest account is 7 years old. It shows my oldest is a collection because it says NaN.

I have tried to get it fixed to no avail.

Re: Equifax Report

laz98 — Mon, 22 Dec 2008 02:43:24 GMT

@Anonymous wrote:
Mine is the same way. Shows I have no history yet my oldest account is 7 years old. It shows my oldest is a collection because it says NaN.

I have tried to get it fixed to no avail.

are you saying it shows that way BECAUSE it's a collection?

because my oldest account is also a collection (grr... I HATE MIDLAND!!!)

Re: Equifax Report

Anonymous — Mon, 22 Dec 2008 03:13:08 GMT

The important thing is how it is showing on your EQ report from myFICO.

Have you ever pulled a report here? If so, what does it say about your age?

Re: Equifax Report

laz98 — Mon, 22 Dec 2008 03:16:34 GMT

@Anonymous wrote:
The important thing is how it is showing on your EQ report from myFICO.

Have you ever pulled a report here? If so, what does it say about your age?

why? i thought the reports from the cra's were more accurate or detailed or something...i know i asked about this on another thread, where someone asked what the best place to get their reports from was.

on my myfico report from EQ, it says my oldest account is 6 years & my average age of accounts is 2 years.

Re: Equifax Report

Anonymous — Mon, 22 Dec 2008 03:33:01 GMT

laz98 wrote:
@Anonymous wrote:
The important thing is how it is showing on your EQ report from myFICO.

Have you ever pulled a report here? If so, what does it say about your age?
why? i thought the reports from the cra's were more accurate or detailed or something...i know i asked about this on another thread, where someone asked what the best place to get their reports from was.

on my myfico report from EQ, it says my oldest account is 6 years & my average age of accounts is 2 years.

Reports directly from the CRA are more detailed.

However, the most important thing about the age showing that way on EQ is how FICO is reading it for scoring purposes.

You stated that on your EQ report from EQ it shows:

It shows my Length of Credit History as 0, & my Average Account Age as NaN Year.

It also shows my oldest account as Blah Blah Blah: Opened N/A.

If your EQ report from myFICO is showing the above information as it should be, then it is reading it correctly for scoring purposes, instead of reading your length of credit history as 0 and your AAoA as 0.

EQ will show(as mentioned on this thread already) CA accounts as "oldest account" or "most recent account" under account age, when in reality, FICO doesn't figure properly reported CA accounts in age.

I don't know why EQ shows this information this way, but it is confusing. IMO, when EQ's software is reading your report to give you the "Detailed Summary" that includes this information, the software is not reading it as it should be and is the reason it is being reported like it is, instead of how myFICO would read it and report it.

Hope this doesn't confuse you even more.

Re: Equifax Report

laz98 — Mon, 22 Dec 2008 03:36:11 GMT

ok, i get it now! that's good info to know.

now my next question is this: since my oldest account is a charge-off from verizon, should i be less eager to get it removed from my reports (i'm thinking of trying a pfd with them, to get them AND midland off my reports)?

i believe i read somewhere that once a CO is that old, it hurts less than the age is helping you.

Re: Equifax Report

Anonymous — Mon, 22 Dec 2008 03:38:46 GMT

laz98 wrote:
ok, i get it now! that's good info to know.

now my next question is this: since my oldest account is a charge-off from verizon, should i be less eager to get it removed from my reports (i'm thinking of trying a pfd with them, to get them AND midland off my reports)?

i believe i read somewhere that once a CO is that old, it hurts less than the age is helping you.

Having the OC removed could cause a score drop.

My oldest account is 7 years old. My next oldest was a 5 year old CO. Removal of the CO cost me around 30 points.

Re: Equifax Report

laz98 — Mon, 22 Dec 2008 03:39:58 GMT

ouch! now i'm REALLY sad.

Re: Equifax Report

Anonymous — Mon, 22 Dec 2008 03:43:13 GMT

laz98 wrote:
ouch! now i'm REALLY sad.

I should add, that I've gained those points and some back since then through proper rebuilding steps, managing my credit, and not having anymore negatives added.

My score is in the tank right now due to util, but won't be for long. I am horrible at getting them paid before they report and staying on the right schedule.

Message Edited by sidewinder on 12-21-2008 09:43 PM

Re: Equifax Report

laz98 — Mon, 22 Dec 2008 03:44:13 GMT

how slow of a climb was it, though? i mean, i know i should be more interested in the "big picture," but i'm kind of happy now that my scores have been improving; i'm not looking forward to seeing them drop again.

Re: Equifax Report

Anonymous — Mon, 22 Dec 2008 04:08:38 GMT

laz98 wrote:
how slow of a climb was it, though? i mean, i know i should be more interested in the "big picture," but i'm kind of happy now that my scores have been improving; i'm not looking forward to seeing them drop again.

I can't remember for certain when it was removed.

I want to guess it was sometime in June or July.

I know it was after mid-April ~~and before August.~~

ETA: I checked my bank statements, the payment to them posted on 7/11/2008, so it was within the next month to month and half after that.

Message Edited by sidewinder on 12-21-2008 10:08 PM

Re: Equifax Report

Anonymous — Mon, 22 Dec 2008 05:03:56 GMT

Yes, it shows that way because it is a collection. EQ says it is my oldest account, which happens to be Midland also.

I have only pulled my report from myFICO one time close to a year ago. It also said I had no credit history.