topic Re: Myfico vs Creditkarma report discrepency in General Credit Topics

Myfico vs Creditkarma report discrepency

jinmikesung — Wed, 30 Jan 2019 19:34:11 GMT

I purchased a new report from myfico.com last night and was comparing with creditkarma.com.

I have noticed that myfico EQ report shows that I have 20 open accounts, but creditkarma shows only 3 open accounts.

Which report is correct? Isn't creditkarma pulls report from EQ directly?

Thank you for your advise.

Re: Myfico vs Creditkarma report discrepency

Anonymous — Wed, 30 Jan 2019 20:44:52 GMT

Shouldn't you know which is correct? It's not like it's only off by one. lol

Re: Myfico vs Creditkarma report discrepency

FireMedic1 — Wed, 30 Jan 2019 23:30:36 GMT

How many open accounts do you have?

Re: Myfico vs Creditkarma report discrepency

CreditInspired — Wed, 30 Jan 2019 23:59:45 GMT

Hi OP and welcome to MyFICO

I know if it were me, the one I paid for better be the right one!

Okay, all joking aside since you’re a newbie. Report or no report—do you have 3 opened accounts or do you have 20. I don’t need a report to tell me I have 8 opened CCs and a mortgage.

Re: Myfico vs Creditkarma report discrepency

Remedios — Thu, 31 Jan 2019 00:08:20 GMT

@CreditInspired wrote:
Hi OP and welcome to MyFICO

I know if it were me, the one I paid for better be the right one!

Okay, all joking aside since you’re a newbie. Report or no report—do you have 3 opened accounts or do you have 20. I don’t need a report to tell me I have 8 opened CCs and a mortgage.

You forgot CLOC!

Welcome.

Re: Myfico vs Creditkarma report discrepency

CreditInspired — Thu, 31 Jan 2019 00:30:22 GMT

@remedios

I was drinking a cold glass of water and howled 😂🤣😂🤣. Thank Gawd it wasn’t hot coffee, I would have scalded myself. I loved your response.

Re: Myfico vs Creditkarma report discrepency

Remedios — Thu, 31 Jan 2019 02:13:34 GMT

Am I the only one who now really wants to know how many accounts OP has???

Re: Myfico vs Creditkarma report discrepency

Anonymous — Thu, 31 Jan 2019 02:30:24 GMT

Most likely somewhere between 3 and 20.

Re: Myfico vs Creditkarma report discrepency

Remedios — Thu, 31 Jan 2019 02:35:53 GMT

@Anonymous wrote:
Most likely somewhere between 3 and 20.

You're terrible 😂😂😂

Re: Myfico vs Creditkarma report discrepency

Anonymous — Thu, 31 Jan 2019 02:51:28 GMT

@CreditInspired wrote:
I don’t need a report to tell me I have 8 opened CCs and a mortgage.

Cool. I have 8 open CCs and a mortgage as well for 9 total open accounts. How many closed accounts do you have?

Re: Myfico vs Creditkarma report discrepency

CreditInspired — Thu, 31 Jan 2019 03:08:31 GMT

I closed 3 accounts. Cap1 in 2010 and 2 Chase CCs last year.

Re: Myfico vs Creditkarma report discrepency

Anonymous — Thu, 31 Jan 2019 03:13:27 GMT

Gotcha. How do your age of accounts factors look? I'm just curious how similar our profiles are. I'm at AoOA 18 years, AAoA 8 years, AoYA 1.7 years give or take, depending on bureau.

Re: Myfico vs Creditkarma report discrepency

CreditInspired — Thu, 31 Jan 2019 03:26:47 GMT

Oh @BBS you got me beat and that’s why I’m in the garden for 2 yrs.

AoOA - 16.7 yrs
AAoA - 3.5 yrs
AoYA - 1 mo.

Re: Myfico vs Creditkarma report discrepency

Anonymous — Thu, 31 Jan 2019 04:40:16 GMT

Well, in 11 months when your AoYA hits 12 months you'll see a nice 15-20 point boost, putting you clean into the 800's. By that time your AAoA and AoOA could also nab you some more points as well. I'm not sure if there's any AoYA benefit at 24 months... I'll be able to see in about 90 days though.

Re: Myfico vs Creditkarma report discrepency

CreditInspired — Thu, 31 Jan 2019 10:41:23 GMT

Wow this is great news! Thank you. That means I’ll reach my goal for the 800 club in December. I’m really feeling good now.

Keep us posted when your AoYA account reaches 24 mos

Re: Myfico vs Creditkarma report discrepency

CreditInspired — Thu, 31 Jan 2019 11:13:21 GMT

Hi OP
Did you figure out where the discrepancy is? Can you tell us how many CCs you actually have on-hand and if you’re an AU on any other cards?

Re: Myfico vs Creditkarma report discrepency

Anonymous — Thu, 31 Jan 2019 21:25:42 GMT

@CreditInspired wrote:
Wow this is great news! Thank you. That means I’ll reach my goal for the 800 club in December. I’m really feeling good now.

Keep us posted when your AoYA account reaches 24 mos

Absolutely. My guess is that you may pick something up when your AoOA hits 17 years and your AAoA hits 4 years (maybe 3-4 points for each) and then of course the 15-20 for AoYA hitting 12 months. This is of course assuming that you don't add any new account at all between now and then and that no [older] accounts drop off of your CR. My guess is that all of your scores will land in the 805-830 range at that time. Also another thing, I'm assuming that a month ago when you added the most recent account that an inquiry came with it. Whatever number of points you saw your score on that bureau drop (say 5) will return 365 days after the inquiry date, so you can expect that score to increase possibly a little more later in the month after all of your age of accounts factors increase on the 1st of that month.

Re: Myfico vs Creditkarma report discrepency

jinmikesung — Fri, 01 Feb 2019 00:03:42 GMT

I am sorry, my internet wasn't working correctly due to freezing weather in Chicago last couple days.

I know that Myfico report should be accurate, but was wondering why is there so much differences between 2 reports.

I will need to contact EQ directly and ask them if I have to.

Thank you

Re: Myfico vs Creditkarma report discrepency

Anonymous — Fri, 01 Feb 2019 00:41:12 GMT

@jinmikesung wrote:

I know that Myfico report should be accurate, but was wondering why is there so much differences between 2 reports.

A question was asked on the previous page by a few members: How many accounts do you have and should be on your credit report? Based on your answer, you'll know if CK or MF is correct.