topic Re: WHAT!!!??? When does this AU rescend kick in? in General Credit Topics

WHAT!!!??? When does this AU rescend kick in?

Anonymous — Fri, 15 Jun 2007 00:17:22 GMT

When does this AU rescend kick in?

Re: WHAT!!!??? When does this AU rescend kick in?

Anonymous — Fri, 15 Jun 2007 00:18:32 GMT

One CRA will start using the new FICO scoring model in September. The other two CRAs will start using the new FICO scoring model early next year.

Re: WHAT!!!??? When does this AU rescend kick in?

fused — Fri, 15 Jun 2007 00:34:03 GMT

Revike wrote:
One CRA will start using the new FICO scoring model in September. The other two CRAs will start using the new FICO scoring model early next year.

Does anyone know which bureau will be the first in Sept?

Re: WHAT!!!??? When does this AU rescend kick in?

Anonymous — Fri, 15 Jun 2007 00:35:01 GMT

fused111 wrote:

Does anyone know which bureau will be the first in Sept?

No, but very good question. Been wondering myself. Everything in print (online) says one of the CRAs without naming names.

Barry or Tuscani?

Re: WHAT!!!??? When does this AU rescend kick in?

Tuscani — Fri, 15 Jun 2007 00:41:09 GMT

Noah_Bodie wrote:

fused111 wrote:

Does anyone know which bureau will be the first in Sept?

No, but very good question. Been wondering myself. Everything in print (online) says one of the CRAs without naming names.

Barry or Tuscani?

Unknown at this time.

I have my money on EQ though.

Re: WHAT!!!??? When does this AU rescend kick in?

Anonymous — Fri, 15 Jun 2007 00:44:02 GMT

If I was going to place a bet, I'd say Equifax - they seem the most FICO-friendly of the three CRAs.

I think EX would be the least likely of the three to be the guinea pig ...

Re: WHAT!!!??? When does this AU rescend kick in?

Anonymous — Fri, 15 Jun 2007 05:19:21 GMT

Does this mean the accounts I am an AU on will no longer appear on my report, or they remain on the report and I lose the good history counting in my score? Good thing I only have one AU account and the rest are joint or individual.

Re: WHAT!!!??? When does this AU rescend kick in?

Anonymous — Fri, 15 Jun 2007 05:44:32 GMT

KDM wrote:
Does this mean the accounts I am an AU on will no longer appear on my report, or they remain on the report and I lose the good history counting in my score? Good thing I only have one AU account and the rest are joint or individual.

Initially, I suspect the TL will remain on your CRs. But, I further suspect that in due course OCs will start deleting AU TLs and the CRAs themselves might begin purging AU TLs.

A further kick in the bollocks will be old, closed, good AU TLs that won't get scored and will probably get deleted.

Re: WHAT!!!??? When does this AU rescend kick in?

Tuscani — Fri, 15 Jun 2007 12:48:14 GMT

AU TLs should still report.. not like it really matters though.

Re: WHAT!!!??? When does this AU rescend kick in?

MidnightVoice — Fri, 15 Jun 2007 14:28:56 GMT

Tuscani wrote:

I have my money on EQ though.

Me too

Re: WHAT!!!??? When does this AU rescend kick in?

MidnightVoice — Fri, 15 Jun 2007 14:31:17 GMT

Tuscani wrote:
AU TLs should still report.. not like it really matters though.

If they report but don't count towards the score, it could be a good thing for a manual review. Especially for spouses who have been AU's for years. I was thinking mainly of mortgage or divorce, and when one applies for credit with a real person rather than a computer

Message Edited by MidnightVoice on 06-15-2007 09:31 AM

Re: WHAT!!!??? When does this AU rescend kick in?

Barry — Fri, 15 Jun 2007 17:22:29 GMT

Noah_Bodie wrote:

fused111 wrote:

Does anyone know which bureau will be the first in Sept?

No, but very good question. Been wondering myself. Everything in print (online) says one of the CRAs without naming names.

Barry or Tuscani?

Don't know yet and don't know if anyone knows yet. Ask me again in another month and I may know more.

Barry

Re: WHAT!!!??? When does this AU rescend kick in?

MidnightVoice — Fri, 15 Jun 2007 17:30:03 GMT

Barry wrote:

Don't know yet and don't know if anyone knows yet. Ask me again in another month and I may know more.

Barry

I am sure many of us would be really, really pleased if you passed on that info as soon as it is permitted.

Thankee Sir