topic Re: Lender say they can't pull a credit score in General Credit Topics

Lender say they can't pull a credit score

Anonymous — Tue, 11 Nov 2014 15:07:11 GMT

I don't understand. I tried to lease a BMW through BMWFS, an my application was denied. They told me that my file is blocked an they cannot pull a score. I have scores through 3rd party places but not from lenders. It's was strange because I even called all 3 credit bureau to see if there was some sort of identity theft. None are listed. I even went to a 2nd dealer. Toyota financial. They said the same thing. SMH. For the life of me, I can't seem to see what's the problem. I tried to buy my "Experian Fico" from here an they said the same thing. There is some sort of block or something cause they can't pull a score. Strangely enough, my Discover IT had given me a score every month thus far. It currently says I'm at a 671. How can I get scores from the credit bureaus, an through cap 1 an Discover but lenders can't pull my file? I currently have 1 collection account on TU an Experian from 2011 (traffic ticket). so I know I have credit. I have a auto loan, that only reports to Experian. I have 1 shared secure loan with a local credit union. I also have 3 secured credit cards now. Bank of America 123 cash rewards, Cap 1 an Discover IT. I know on credit cards my file is only 4 months. According to Cap 1 score tracker an Equifax Web site my TU credit file is 11 years 9 month. I assume this is only because it says I have 2 closed installment Ac from way back when... can you guys please offer me some advice how I can obtain a score through my cards but not through lenders please. Thanks in advance.

Mark

Re: Lender say they can't pull a credit score

takeshi74 — Tue, 11 Nov 2014 15:20:00 GMT

Discover and CO use TU. It sounds like the others may have attempted to pull based on other CRA's? You really just have to get more details on where the block is, why it's there and then contact the appropriate parties to address.

Have you only had active accounts (not just credit cards but any accounts) reporting to Experian and Equifax for 4 months? That might be the problem as 6 months is needed to generate a score. Maybe you have 6 months active on TU and not on the others? Again, you'd have to verify. Pull your reports if you have not reviewed them recently.

Re: Lender say they can't pull a credit score

Creditaddict — Tue, 11 Nov 2014 15:46:52 GMT

if your listing starting scores in 8/14 and show a 0 on EQ, then I assume you just don't have actual FICO reports generating yet as it takes 6 months of active accounts.

Re: Lender say they can't pull a credit score

Anonymous — Tue, 11 Nov 2014 15:58:45 GMT

According to score sense my starting scores were TU 540 Ex 534 an Eq 0. After I got my secured credit cards an remove some of my baddies I sstopped using score sense scores. When I got my Discover IT card they gave me the secure version because I had no equifax score. At least that's what they told me. Now that I have discover, they have been giving me monthly scores with my statement. Just in the last month I have went from a 644 to a 671 as of today . As for equifax, I got a vantage score from them of a 645. As for Experian, I haven't purchased a vantage score in a while but credit sesame has me at a 625 fako.

Re: Lender say they can't pull a credit score

Anonymous — Tue, 11 Nov 2014 16:00:02 GMT

So you think once I get to 6 months I may have an actual fico score? I have contacted all 3 bureaus an no blocks.

Re: Lender say they can't pull a credit score

Creditaddict — Tue, 11 Nov 2014 16:00:32 GMT

@Anonymous wrote:
According to score sense my starting scores were TU 540 Ex 534 an Eq 0. After I got my secured credit cards an remove some of my baddies I sstopped using score sense scores. When I got my Discover IT card they gave me the secure version because I had no equifax score. At least that's what they told me. Now that I have discover, they have been giving me monthly scores with my statement. Just in the last month I have went from a 644 to a 671 as of today . As for equifax, I got a vantage score from them of a 645. As for Experian, I haven't purchased a vantage score in a while but credit sesame has me at a 625 fako.

so you have not had the discover for 6 months?

Re: Lender say they can't pull a credit score

Anonymous — Tue, 11 Nov 2014 16:02:26 GMT

No, I have not had any of my cards 6 months. My oldest card is BOA at 4 months November. Discover at 2 months an Cap 1 at 2 months.

Re: Lender say they can't pull a credit score

Creditaddict — Tue, 11 Nov 2014 16:03:54 GMT

@Anonymous wrote:
No, I have not had any of my cards 6 months. My oldest card is BOA at 4 months November. Discover at 2 months an Cap 1 at 2 months.

there is your answer... no fico reports until 6 months.

Re: Lender say they can't pull a credit score

Anonymous — Tue, 11 Nov 2014 16:08:40 GMT

So do I disregard the Discover It fico? An once I get 6 months in, I will get a fico for Experian?

Re: Lender say they can't pull a credit score

rlx01 — Tue, 11 Nov 2014 18:45:56 GMT

As you previously had an installment loan, you have been on file for over 6 months and you have a FICO.

It sounds like your EX or EQ are frozen. Try calling hem and asking.

It has nothing to do with fraud. Just say I tried to apply for an auto loan and they couldn't pull, is my file frozen?

Re: Lender say they can't pull a credit score

ojefferyo — Tue, 11 Nov 2014 18:55:34 GMT

@Anonymous wrote:
I don't understand. I tried to lease a BMW through BMWFS, an my application was denied. They told me that my file is blocked an they cannot pull a score. I have scores through 3rd party places but not from lenders. It's was strange because I even called all 3 credit bureau to see if there was some sort of identity theft. None are listed. I even went to a 2nd dealer. Toyota financial. They said the same thing. SMH. For the life of me, I can't seem to see what's the problem. I tried to buy my "Experian Fico" from here an they said the same thing. There is some sort of block or something cause they can't pull a score. Strangely enough, my Discover IT had given me a score every month thus far. It currently says I'm at a 671. How can I get scores from the credit bureaus, an through cap 1 an Discover but lenders can't pull my file? I currently have 1 collection account on TU an Experian from 2011 (traffic ticket). so I know I have credit. I have a auto loan, that only reports to Experian. I have 1 shared secure loan with a local credit union. I also have 3 secured credit cards now. Bank of America 123 cash rewards, Cap 1 an Discover IT. I know on credit cards my file is only 4 months. According to Cap 1 score tracker an Equifax Web site my TU credit file is 11 years 9 month. I assume this is only because it says I have 2 closed installment Ac from way back when... can you guys please offer me some advice how I can obtain a score through my cards but not through lenders please. Thanks in advance.

Mark

I can tell you that BMW Financial pulls EX for a fact. I have an account through them and if your Fico score isn't at least around the 670's they won't even entertain the idea of approving. Just an FYI Good luck and let us know when you get things fixed

Re: Lender say they can't pull a credit score

Anonymous — Tue, 11 Nov 2014 18:56:02 GMT

I told experian an Equifax that. They both told me they see no block or any thing.

Re: Lender say they can't pull a credit score

joltdude — Tue, 11 Nov 2014 18:58:38 GMT

I know about this issue all too well.. Discover pulls one CRA for a score... though it reports to all three...

BOA... Reports to all three...

EACH CRA needs to see 6 months of activity before it can calculate a score ....

And in the case of TU... It took me 7 months before I saw the score because of reporting times....

There isnt one FICO score.... theres three.....

You need another month or preferablly 2 with the BOA or Discover before *ALL* the CRA's can report a score...

FAKOs can sometimes be calculated without 6month history but not FICOs...

I vagely thought I talked to you or another member on this forum about this... But I could be mistaken...

Even some FAKO's require 6 months ... and a minimum of 2 TL's before they calculate... (CS for instance)

Your jumping the gun on the leases

Re: Lender say they can't pull a credit score

Anonymous — Tue, 11 Nov 2014 19:01:03 GMT

I only assume my TU report me having a history of over 11 years so that is why I have a fico though discover. As for Experian my history is only 4 months so I guess I have no real score right. My Equifax.... well I don't know anyone who solely pulls so I can't say if I have a actual sore or not. No the less, Experian says my credit file is only 4 months an Equifax says the same. I just can't see credit sesame as correct. They scored my Experian 625 an Discover score me as 671 as of today... Both report only have 1 negative account from 2011 so I only assume they should be closer in fico +/- a few points as the scoring models are different. Right?

Re: Lender say they can't pull a credit score

rlx01 — Tue, 11 Nov 2014 19:02:19 GMT

@joltdude: s/he has old installment loans on file. Longer than 6 months.

But maybe those have dropped off by now. They clearly have a FICO if discover can pull it.

Re: Lender say they can't pull a credit score

joltdude — Tue, 11 Nov 2014 19:11:58 GMT

Didnt realize the installment loan but in hindsight, id think it may not be reporting on the other two... which is possible, or it dropped off... If it did drop off... the 2 month wait will start a score generating again...

Its the problem with uneven reporting/uneven falloffs.. After going to the CRAs and going we dont have enough info to generate a score, would have suspected something wasn't reporting, or fell off.. not fraud.. Even without that information.. getting the two cards, and having neither for 6 months... I wouldnt have been shopping for an auto loan or lease... Would think to let them to become established even with a short history...

Re: Lender say they can't pull a credit score

rlx01 — Tue, 11 Nov 2014 19:06:37 GMT

Ignore Credit Sesame. If EX and EQ say only 4 months... You don't have a FICO with them.

Wait 3 months.

You should try to get that parking ticket collection removed in the mean time.

Re: Lender say they can't pull a credit score

Anonymous — Tue, 11 Nov 2014 19:07:42 GMT

Yes my "closed" installment loans are ONLY reporting to TU as they are the reason for the 11 years of history on that report only. As far as my 4 month old installment loan, it's reporting to all 3. My auto loan is only reporting to Experian (4 months old). My credit cards BOA being the oldest is reporting to all three but the reporting time frame is longer on experian than it is on the other 2. Discover an Cap one are only 2 months reporting on all 3.

Re: Lender say they can't pull a credit score

Anonymous — Tue, 11 Nov 2014 19:12:52 GMT

The funny thing is the traffic ticket on reported to my credit report 1 time that was in 2011. Up until recently, when I tired to dispute it, it now updated this month an last month on my TU an Experian only as "Open Collection". SMH. I guess I may have to call on Lexington law to see if they can assist me. I've read that alliance receivables is not friendly. They will only update.

Re: Lender say they can't pull a credit score

Anonymous — Tue, 11 Nov 2014 19:16:20 GMT

I tried the lease at BMW because I was told by my SA that with my scores I could get a lease though them. But when they submitted my app BMWFS decline because they couldn't pull a score. If in fact they were able to pull a score, or even pull the credit sesame score, I still would be approved. Just not in top tier.