topic What's up with EQ?! in General Credit Topics

What's up with EQ?!

pizza1 — Sun, 20 Jul 2014 03:54:18 GMT

I pulled my true EQ report and They haven't updated for June on any of my accounts! Is that normal to be a month behind?

Re: What's up with EQ?!

pizza1 — Sun, 20 Jul 2014 03:55:11 GMT

I mean they haven't updated since may on anything!

Re: What's up with EQ?!

mongstradamus — Sun, 20 Jul 2014 04:05:36 GMT

@pizza1 wrote:
I mean they haven't updated since may on anything!

Eq SW updated yesterday for me when my bcp reported new balance on 17th. Got my utilization back up to normal levels and saw a nice bump

Re: What's up with EQ?!

pizza1 — Sun, 20 Jul 2014 04:15:10 GMT

EQ shows all revolving cc accounts at a $0 bal on mine! Lord! I let a $5 bal report Walmart and it doesn't show anything! So Fico hates all $0's and I'm sure my score dropped because of it

Re: What's up with EQ?!

mongstradamus — Sun, 20 Jul 2014 04:22:36 GMT

@pizza1 wrote:
EQ shows all revolving cc accounts at a $0 bal on mine! Lord! I let a $5 bal report Walmart and it doesn't show anything! So Fico hates all $0's and I'm sure my score dropped because of it

My score dropped twenty five points because was showing no utilization.it hurts I thought my ah amex card would show usage it didn't unfortunately

Re: What's up with EQ?!

pizza1 — Sun, 20 Jul 2014 04:23:54 GMT

I don't need my scores dropping anymore than they already are lol!!! I'm in the rebuilding stages right now!

Re: What's up with EQ?!

mongstradamus — Sun, 20 Jul 2014 04:31:20 GMT

@pizza1 wrote:
I don't need my scores dropping anymore than they already are lol!!! I'm in the rebuilding stages right now!

It takes time ,getting the bad stuff off your credit report is easiest repeat to see big jumps.I don't think my scores can go much higher than where they are without a installment loan or all my inquiries falling off. With that said I think I I am in good position to apply for any card I want

Re: What's up with EQ?!

Kirmie2010 — Mon, 21 Jul 2014 10:58:34 GMT

My statements for june just starting showing up this last week and a half on my report. Id give it some more time.

I am kind of in the opposite boat of you, EQ has such a high score for me compared to my others I cant help but wonder what theyve screwed up.

Re: What's up with EQ?!

Revelate — Mon, 21 Jul 2014 15:27:46 GMT

For a number of lenders if you don't use the card in a given month, and the balance doesn't change, they won't report. $0 flatline will keep the DOLA from updating if they don't; as a result, if you have a card sitting in the SD, dropping a small recurring charge (monthly equivalent of a pack of bubble gum from an online drugstore or whatever, or one of your recurring services vis a vis cell / electrical / internet bills) on it is recommended... or taking the card out for a tour every 3 months or so.

As for all the accounts reporting zero, temporary problem and while there's a dip in score, lenders won't slap you over it. Just make certain something reports next month and go on with life.

It's probably not EQ specific in your case pizza, EX/TU work in the same way in this regard.

Re: What's up with EQ?!

pizza1 — Mon, 21 Jul 2014 15:38:50 GMT

Actually Revalate.... It is me specific, lol!!! I have 10 cc, and I use ALL 10 of them monthly for something, and then pay them all down to $0 bal before statement cuts EXCEPT for one card( last month it was Walmart leaving a $5 bal to report). EQ hasn't updated on any of my accounts.... CC, car loan, sch loan,. Everything shows last monthly updated from May

Re: What's up with EQ?!

Revelate — Mon, 21 Jul 2014 15:51:41 GMT

@pizza1 wrote:
Actually Revalate.... It is me specific, lol!!! I have 10 cc, and I use ALL 10 of them monthly for something, and then pay them all down to $0 bal before statement cuts EXCEPT for one card( last month it was Walmart leaving a $5 bal to report). EQ hasn't updated on any of my accounts.... CC, car loan, sch loan,. Everything shows last monthly updated from May

What are the cards you have out of curiosity? Walmart and the rest of the GE-backed cards don't even cut a statement if they're $0, and they don't report as a result. I've recently seen where I think it was Amex wasn't updating for me either even with the recurring $10 monthly donation so I'm letting it report this coming month.

Likewise I've had a DCU car loan which skipped months, and a USAA installment loan that did similarly. Not every tradeline will report every month, annoys the hell out of me but that's the system: in my experience, the larger the lender, the more regularly they report.

Re: What's up with EQ?!

pizza1 — Mon, 21 Jul 2014 15:55:56 GMT

Cap one, NFCU, Barclays, and store cards.... (Amazon, JCP, Walmart, 76, etc...) seriously, none of my accounts or installment loans show anything for June. I sure hope it start updating soon!

Re: What's up with EQ?!

pizza1 — Mon, 21 Jul 2014 15:58:05 GMT

FICO hates $0 bal on all revolving credit he likes to see at least one card reporting 1-9%, which is what I've done for the last 10 months, but nothing updated yet on EQ. Exp and TU has , weird

Re: What's up with EQ?!

Revelate — Mon, 21 Jul 2014 16:01:14 GMT

@pizza1 wrote:
FICO hates $0 bal on all revolving credit he likes to see at least one card reporting 1-9%, which is what I've done for the last 10 months, but nothing updated yet on EQ. Exp and TU has , weird

Well, could be EQ. Last month it was updating after CK even for me and TU has usually lagged EX/EQ by several days.

Just hang out, while FICO doesn't like having all $0's, existing lenders don't really care even if they review your report. It'll be fixed later as it's just an instant-in-time problem and not a long term issue.

Re: What's up with EQ?!

pizza1 — Mon, 21 Jul 2014 16:06:01 GMT

Thanks Revalate