topic Re: Equifax is really stubborn!!! in General Credit Topics

Equifax is really stubborn!!!

Anonymous — Fri, 27 May 2016 22:14:38 GMT

My Experian and Transunion scores are rapidly increasing, which is exactly what I need But my Equifax score is steadily going down. It doesn't matter if my statements decrease by $400 or $1000, my Equifax score will not go up, but Experian and Transunion will. I have 3 credit cards that constantly report to the bureaus every month, Amex BCP, CSP, and Cap1 QS. Month to month, I consistently pay down on my balances, and my scores go up except for Equifax which is consistenly no change or it is going down.

My statements have reached the Bureaus for this month. I paid down my AMEX, CAP1, and CSP by $524, $762, and $697, this in return made my Experian score increase by a total of 7 points (AMEX triggered a +5point increase, CAP1 triggered no increase, and CSP triggered a + 2point). For Equifax, my AMEX pay down triggered a +4point increase, and CAP1 added a +1point increase but CSP took me down by -13points on Equifax.

Now I am standing at a 702 for my Equifax score, a 783 for Experian, and a 776 for Transunion. Are there any tips or tricks on increasing my Equifax score? I doubt there is based on the fact that I think the score is based on bahvioral patterns way beyond controlling. I would like to increase it and raise it to the level of the other bureaus becasue I am planning on starting the mortgage process in 2018. So I think the only tip is to let patience have her way and to pay down on all of my balances, but I would like to hear from you all.

Thanks!!

Re: Equifax is really stubborn!!!

RonM21 — Sat, 28 May 2016 05:23:23 GMT

There really is not a trick to this. It varies for each consumer based on what is in your profile. There has to be something different this bureau is reporting compared to the others , in a negative way, that is keeping it's score lower.

You have to.somehow figure out what it is in order to know if it is something you can address.

For example, my EQ js always about 10 points higher than the others. At first glance, it seems it shouldn't be. But when looking closer, they are the only ones reporting a paid car loan from 2006. I'm sure that raises my AAoA a bit and causing the higher score. In your case, it could be multiple things or one major difference.

Re: Equifax is really stubborn!!!

MrsCHX — Sat, 28 May 2016 12:42:20 GMT

My EQ is in a free fall since I've started rebuilding. I've lost about 30-40 points from adding new accounts. My EX and TU have both increased.

I know CK is a FAKO score. But I had 4 cards report a zero balance and TU went up 4 points and EQ went down 9.

On my actual FICO scores - TU through Merrick and EQ through DCU - every increase in TU results in. A decrease in EQ. It's frustrating.

Re: Equifax is really stubborn!!!

Revelate — Sat, 28 May 2016 17:19:36 GMT

To be clear this is either MF or CCT monitoring?

If so, there's almost assuredly some non-trivial difference between the reports to generate a ~80 point difference; pull your full reports and figure out what's what.

If this is a FAKO score (though personally even if Vantage I'd be doing the same as above as it's pretty consistent too in my experience across bureaus, more than any FICO sub FICO 9 at any rate) all bets are of course off .

Re: Equifax is really stubborn!!!

Anonymous — Sat, 28 May 2016 20:51:10 GMT

@Revelate wrote:
To be clear this is either MF or CCT monitoring?

I'm using myFICO to monitor my credit score.

Re: Equifax is really stubborn!!!

Anonymous — Sat, 28 May 2016 20:53:31 GMT

@RM21 wrote:
There really is not a trick to this. It varies for each consumer based on what is in your profile. There has to be something different this bureau is reporting compared to the others , in a negative way, that is keeping it's score lower.

You have to.somehow figure out what it is in order to know if it is something you can address.

For example, my EQ js always about 10 points higher than the others. At first glance, it seems it shouldn't be. But when looking closer, they are the only ones reporting a paid car loan from 2006. I'm sure that raises my AAoA a bit and causing the higher score. In your case, it could be multiple things or one major difference.

Good advice...I will look through my report with a fine tooth comb because I would love to have all 3 scores somewhat match up

Re: Equifax is really stubborn!!!

Anonymous — Sat, 28 May 2016 20:56:26 GMT

@MrsCHX wrote:
My EQ is in a free fall since I've started rebuilding. I've lost about 30-40 points from adding new accounts. My EX and TU have both increased.

I know CK is a FAKO score. But I had 4 cards report a zero balance and TU went up 4 points and EQ went down 9.

On my actual FICO scores - TU through Merrick and EQ through DCU - every increase in TU results in. A decrease in EQ. It's frustrating.

Very frustrating indeed!! It's the CSP that pummeled my EQ score, but raised EX and TU. Go figure...smh. This make me also question the relationship between EQ and Chase, are they plotting against me?!

Re: Equifax is really stubborn!!!

Anonymous — Sat, 28 May 2016 21:00:50 GMT

It will vary for everyone. My weakest one was EX. Which is why I concentrated so hard on getting that score up. And now it is my highest. EQ & TU are about the same but not much of a difference. I can't say what makes the scores change as they do. Did try to figure some of it out and gave up! The best solution is regular on time payments, paying much more than the minimum, and the aging of accounts. Oh and keeping your UT low.

Re: Equifax is really stubborn!!!

Anonymous — Sat, 28 May 2016 22:02:57 GMT

@Anonymous wrote:
It will vary for everyone. My weakest one was EX. Which is why I concentrated so hard on getting that score up. And now it is my highest. EQ & TU are about the same but not much of a difference. I can't say what makes the scores change as they do. Did try to figure some of it out and gave up! The best solution is regular on time payments, paying much more than the minimum, and the aging of accounts. Oh and keeping your UT low.

My UTI is around 4%, I'm very discipline with making ontime payments, no recent apps, and aging accounts of around 12 yrs. I think I'm about to pull my reports again through myFICO, havent done that since October 214, and search through my EQ profile to really see whats on there. Does anyone have a working contact number for Equifax with an english speaking representative? I really want to give them a call.

@Oh nice limit @Anonymous

Re: Equifax is really stubborn!!!

Revelate — Sun, 29 May 2016 02:21:35 GMT

Heh.

So I went back and found a post I made from 1-1-2013:

"I made last year's goal of getting to a FICO score of 640; I'd originally estimated that my score would top out around 700 until some negatives age off; however, just going to guesstimate that it may float up to 680 by the end of the year, so that's the goal at least."

This was regards to EQ Beacon 5.0... and I peaked at 700 once when uber clean for a mortgage last year, and am sitting at 693 now, nearly 3 and a half years since I posted that with a file that is optimized other than inquiry count which could admittedly be lower and is the likely difference between my current score and said 700.

Sucks being right some times... speaking of stubborn...

Re: Equifax is really stubborn!!!

Anonymous — Mon, 30 May 2016 20:09:52 GMT

I wonder if I start using some old credit cards that I haven't used in a year will help my EQ to go up a lil? I was thking about letting a small balance, say $30, post with these trade lines.

Re: Equifax is really stubborn!!!

Revelate — Wed, 01 Jun 2016 05:48:42 GMT

@Anonymous wrote:
I wonder if I start using some old credit cards that I haven't used in a year will help my EQ to go up a lil? I was thking about letting a small balance, say $30, post with these trade lines.

Maybe, but if you want them to stay open you should be using the accounts occasionally anyway.

If the date of last activity / date of last update is recent, won't make a difference, but some lenders (hi Synchrony!) will skip statements and others I believe are now doing this too if it's been an idle tradeline.

Re: Equifax is really stubborn!!!

Anonymous — Wed, 01 Jun 2016 20:08:44 GMT

Maybe, but if you want them to stay open you should be using the accounts occasionally anyway.

Thanks for the info

Re: Equifax is really stubborn!!!

Anonymous — Fri, 03 Jun 2016 21:11:42 GMT

I pulled my reports from myFICO on 5/31...there is a bank charge off from last year on there. Its on my EQ file but not the others. I called EQ, and the rep read through all of my accounts, and she was unable to see any bank charge offs. She said all of my credit card accounts and student loans are in good standing. She also stated that I 'do not have any negative accounts'. How can myFICO pull up a record that EQ states is not on my file? What gives?

Re: Equifax is really stubborn!!!

Anonymous — Sat, 04 Jun 2016 01:17:30 GMT

I have had the same issue with EQ. TU and EX have been hovering in the 660-670 range while EQ is stuck in the 630's. I finally figured out that EQ is showing a car loan that was paid off in January as open with a $15k balance while the others show as paid and closed. I submitted a dispute last week and am waiting for resolution. I'm hoping this closes the gap and helps me finally get in with Penfed.

Re: Equifax is really stubborn!!!

Anonymous — Sat, 04 Jun 2016 02:58:10 GMT

@Anonymous wrote:
I have had the same issue with EQ. TU and EX have been hovering in the 660-670 range while EQ is stuck in the 630's. I finally figured out that EQ is showing a car loan that was paid off in January as open with a $15k balance while the others show as paid and closed. I submitted a dispute last week and am waiting for resolution. I'm hoping this closes the gap and helps me finally get in with Penfed.

I wish you well, it looks as if your outcome will result in a favorable condition for you. For my case, I will call EQ Monday morning to discuss removing the charge off that is not shown on my EQ credit file but is shown on MF.