topic Re: Is Experian on their own time system? in General Credit Topics

Is Experian on their own time system?

Anonymous — Sat, 20 Dec 2008 02:57:16 GMT

All my accounts update on TU and EQ, but EXP is still behind the times. What gives? I have paid all my balances down to raise my scores. TU and EQ are both in the 700's now but EXP is still 690. Do they just updte when they feel like it? Or Do I blame the creditors?

Re: Is Experian on their own time system?

Anonymous — Sat, 20 Dec 2008 05:03:37 GMT

Really? EX is always the first to post for me and TU is always the last. It must be the creditors reporting to the CRA's in sequences.

Re: Is Experian on their own time system?

Itsmeagain — Sat, 20 Dec 2008 07:10:26 GMT

Now that IS funny . . . Exp is always the first to report for me with TU coming in a close second (2 - 3 days behind), but EQ will inevitably take WEEKS longer to update. This is true on 12 tradelines, not just one or two. Wonder if they have a posting bucket that everything falls into and gets posted at a certain time no matter when it's received.

Re: Is Experian on their own time system?

smallfry — Sat, 20 Dec 2008 13:45:38 GMT

Experian is w/o a doubt the fastest to report info. That does not mean your score will increase though.

Re: Is Experian on their own time system?

frugal — Tue, 30 Dec 2008 01:00:31 GMT

My question is, 'should you really take Experian with a grain of salt'. What I mean by this is, the true fico score comes from Equifax. Also, what I've been told, that Equifax is the Credit Bureau you should gauge your score by, then Transunion.

I would agree with smallfry that is the fastest to report.

Re: Is Experian on their own time system?

haulingthescoreup — Tue, 30 Dec 2008 01:15:36 GMT

frugal wrote:

My question is, 'should you really take Experian with a grain of salt'. What I mean by this is, the true fico score comes from Equifax. Also, what I've been told, that Equifax is the Credit Bureau you should gauge your score by, then Transunion.

I would agree with smallfry that is the fastest to report.

Actually, all three FICO scores --from EQ, from TU, and from EX --are the true scores, as long as you get them here. When you get a score directly from TU or EX, they're FAKO's. (Also from the credit monitoring services.)

No one FICO score is the one to go by. Some areas of the country are more likely to pull one than the other, but they're all equally valid, even when they're different.

Re: Is Experian on their own time system?

Anonymous — Wed, 31 Dec 2008 01:08:03 GMT

Remember, of course, that EX is easily the most used CRA by lenders when checking your credit for credit cards and auto loans.

I would estimate that at least half of all credit checks for non-mtg credit applications use EX (most if not all mtg applications pull all 3).

Re: Is Experian on their own time system?

Junejer — Wed, 31 Dec 2008 03:08:24 GMT

The pulling of credit by a certain repository is most definitely a regional thing. Where I live, I would estimate that over 90% of the lenders use TU.

Re: Is Experian on their own time system?

MidnightVoice — Wed, 31 Dec 2008 03:51:28 GMT

Ex is the fastest reporter for me.

EQ is the most often pulled

Re: Is Experian on their own time system?

Anonymous — Wed, 31 Dec 2008 03:57:16 GMT

Its seems like no one ever pulls my experian and its my best score....They always seem to pull TU(worst one) and maybe Eq sometimes...Bust most inqu and pulls come off TU for me And im in OK

Re: Is Experian on their own time system?

GFer — Thu, 01 Jan 2009 02:12:40 GMT

@Anonymous wrote:
Really? EX is always the first to post for me and TU is always the last. It must be the creditors reporting to the CRA's in sequences.

I agree wth Chopbrocoli 100% (in my case, anyhow).