topic Re: You can disregard NFCU's July 3rd EQ FICO 9 update in General Credit Topics

NFCU's July 3rd EQ FICO 9 update based on June 30th data

SouthJamaica — Wed, 29 Jul 2020 16:23:50 GMT

After seeing a completely incomprehensible change in my EQ FICO 9 based on Navy Federal Credit Union's July 3rd update, reading reports of others in this forum finding similar anomalies in NFCU's number, and seeing that the new NFCU number was identical to my actual EQ FICO 9 from a month earlier, I tentatively concluded that NFCU's July 3rd report was using stale data. So I was looking forward to getting my new 3-bureau report from MyFICO to confirm -- or repudiate -- my theory.

Sure enough, my 3-B report confirms that my actual EQ FICO 9 is 32 points higher than what NFCU had reported. (And in case you're wondering, there was no change of any substance in any of the underlying data between the July 3rd NFCU update & the 3-B report).

7/27/20 Update:

@MrZeroseems to be indicating that NFCU's "July 3rd" update was based on June 23rd data. I'm not sure how he knows that, but if it's true, that would fit in my case, as the substantial change in my case, which made the "July 3rd" number suspect, came about at the end of June.

7/29/20 Update:

@MrZeroand @Anonymous agree that the update was based on June 30th data. They point out that NFCU's monthly soft pull is done on the 4th Tuesday of every preceding month. That explains the anomaly in my profile, since the big positive change in my profile would have been reported on July 1st. And it also explains why some other folks also had anomalous results, while others had perfectly normal readings. What it doesn't explain is why NFCU calls it a July 3rd update instead of a June 30th update.

Re: You can disregard NFCU's July 3rd EQ FICO 9 update

AllZero — Thu, 23 Jul 2020 18:18:21 GMT

Thank you for sharing the data points.

Re: You can disregard NFCU's July 3rd EQ FICO 9 update

Anonymous — Thu, 23 Jul 2020 18:31:18 GMT

Thanks for the info as always @SouthJamaica!!

Hope you're doing well and getting ready for a nice weekend ahead!!

Re: You can disregard NFCU's July 3rd EQ FICO 9 update

Anonymous — Sun, 26 Jul 2020 03:34:39 GMT

This would be incorrect, their data is just fine. This may be your profile, among other users.

Re: You can disregard NFCU's July 3rd EQ FICO 9 update

M_Smart007 — Sun, 26 Jul 2020 16:29:50 GMT

My NFCU matches My PenFed FICO9 .. 🤷

Re: You can disregard NFCU's July 3rd EQ FICO 9 update

K-in-Boston — Mon, 27 Jul 2020 01:38:00 GMT

I pull my 3B report on myFICO on the 3rd every month, so I can confirm that my July EQ FICO 9 score pulled on the same day is identical between NFCU and myFICO (and are different numbers on both sites than they were in June).

Are you sure that you're looking at the right FICO 9 model (the vanilla one at the bottom under "Other") in the myFICO interface, and not one of the industry FICO 9 scores that go to 900 instead of 850?

Re: You can disregard NFCU's July 3rd EQ FICO 9 update

MrZero — Mon, 27 Jul 2020 06:57:32 GMT

Mine went up 42 points from June 3rd to when they pulled the update on June 23rd for July 3rd. ¯\_(ツ)_/¯

Re: You can disregard NFCU's July 3rd EQ FICO 9 update

SouthJamaica — Mon, 27 Jul 2020 16:09:42 GMT

@Anonymous wrote:
This would be incorrect, their data is just fine. This may be your profile, among other users.

I'm 100% positive that NFCU was pulling older data for me and that it matched the actual score from a month earlier.

A number of other members reported similarly inexplicable results from the July 3rd "update".

Re: You can disregard NFCU's July 3rd EQ FICO 9 update

SouthJamaica — Mon, 27 Jul 2020 16:22:24 GMT

@K-in-Boston wrote:
I pull my 3B report on myFICO on the 3rd every month, so I can confirm that my July EQ FICO 9 score pulled on the same day is identical between NFCU and myFICO (and are different numbers on both sites than they were in June).

Are you sure that you're looking at the right FICO 9 model (the vanilla one at the bottom under "Other") in the myFICO interface, and not one of the industry FICO 9 scores that go to 900 instead of 850?

I'm 100% positive that NFCU was pulling ~~month old~~ older data for me.

A number of other members reported similarly inexplicable results from the July 3rd "update".

Yes I'm sure it was the EQ FICO 9 Classic to which I am referring.

Re: You can disregard NFCU's July 3rd EQ FICO 9 update

SouthJamaica — Mon, 27 Jul 2020 16:08:47 GMT

@MrZero wrote:
Mine went up 42 points from June 3rd to when they pulled the update on June 23rd for July 3rd. ¯\_(ツ)_/¯

So you're saying that the July 3rd "update" was actually relying on data from June 23rd? If so, that could suggest that it was 10-day-old data, rather than month-old data.

If so, just curious how you knew what day they pulled it from?

Re: You can disregard NFCU's July 3rd EQ FICO 9 update

SouthJamaica — Mon, 27 Jul 2020 16:23:51 GMT

@Anonymous wrote:
This would be incorrect, their data is just fine. This may be your profile, among other users.

@MrZero indicates that the "July 3rd" update was actually based on a June 23rd pull. If that's correct, it would make perfect sense, because a substantial change occurred in my profile between June 23rd and July 3rd.

Re: You can disregard NFCU's July 3rd EQ FICO 9 update

SouthJamaica — Mon, 27 Jul 2020 16:17:34 GMT

@M_Smart007 wrote:
My NFCU matches My PenFed FICO9 .. 🤷

@MrZero indicates that the "July 3rd" update was actually based on a June 23rd pull. If that's correct, it would make perfect sense in my profile, because a substantial change occurred in my profile between June 23rd and July 3rd. And it would make perfect sense in your profile as well if no substantial changes occurred between June 23rd and July 3rd.

Re: You can disregard NFCU's July 3rd EQ FICO 9 update

SouthJamaica — Mon, 27 Jul 2020 16:18:39 GMT

@K-in-Boston wrote:
I pull my 3B report on myFICO on the 3rd every month, so I can confirm that my July EQ FICO 9 score pulled on the same day is identical between NFCU and myFICO (and are different numbers on both sites than they were in June).

Are you sure that you're looking at the right FICO 9 model (the vanilla one at the bottom under "Other") in the myFICO interface, and not one of the industry FICO 9 scores that go to 900 instead of 850?

Re: You can disregard NFCU's July 3rd EQ FICO 9 update

Anonymous — Tue, 28 Jul 2020 02:11:00 GMT

NFCU pulls scores on the fourth Tuesday of the month IIRC. None of these creditors actually seem to update the score the day they post them.

ETA: Looks like this was the last Tuesday of June actually.

Re: You can disregard NFCU's July 3rd EQ FICO 9 update

MrZero — Wed, 29 Jul 2020 00:54:02 GMT

@SouthJamaica wrote:
@MrZero wrote:
Mine went up 42 points from June 3rd to when they pulled the update on June 23rd for July 3rd. ¯\_(ツ)_/¯
So you're saying that the July 3rd "update" was actually relying on data from June 23rd? If so, that could suggest that it was 10-day-old data, rather than month-old data.

If so, just curious how you knew what day they pulled it from?

Yeah, Navy usually pulls from the fourth Tuesday of the month before you see their updated EQ9 score, I checked my last EQ credit report from July 18th and as @Saren said, they ended up pulling on June 30th/the fifth Tuesday of last month.

Re: You can disregard NFCU's July 3rd EQ FICO 9 update

SouthJamaica — Wed, 29 Jul 2020 13:01:10 GMT

@MrZero wrote:
@SouthJamaica wrote:
@MrZero wrote:
Mine went up 42 points from June 3rd to when they pulled the update on June 23rd for July 3rd. ¯\_(ツ)_/¯
So you're saying that the July 3rd "update" was actually relying on data from June 23rd? If so, that could suggest that it was 10-day-old data, rather than month-old data.

If so, just curious how you knew what day they pulled it from?
Yeah, Navy usually pulls from the fourth Tuesday of the month before you see their updated EQ9 score, I checked my last EQ credit report from July 18th and as @Saren said, they ended up pulling on June 30th/the fifth Tuesday of last month.

Wow thank you @MrZero and @Anonymous

Now we've really pinned it down, thanks to you

So there was only a 3-day lapse. That's not too bad. And it explains my discrepancy because the significant data changes would have been reflected right after June 30th.

It would be nice if NFCU just indicated it was a June 30th update instead of a July 3rd update, but at least those of us who've followed this thread, or who knew what you already knew, will know that the report is based on data from the fourth Tuesday of the previous month.

Re: You can disregard NFCU's July 3rd EQ FICO 9 update

Anonymous — Wed, 29 Jul 2020 21:05:24 GMT

@SouthJamaica wrote:
@MrZero wrote:
@SouthJamaica wrote:
@MrZero wrote:
Mine went up 42 points from June 3rd to when they pulled the update on June 23rd for July 3rd. ¯\_(ツ)_/¯
So you're saying that the July 3rd "update" was actually relying on data from June 23rd? If so, that could suggest that it was 10-day-old data, rather than month-old data.

If so, just curious how you knew what day they pulled it from?
Yeah, Navy usually pulls from the fourth Tuesday of the month before you see their updated EQ9 score, I checked my last EQ credit report from July 18th and as @Saren said, they ended up pulling on June 30th/the fifth Tuesday of last month.
Wow thank you @MrZero and @Anonymous

Now we've really pinned it down, thanks to you

So there was only a 3-day lapse. That's not too bad. And it explains my discrepancy because the significant data changes would have been reflected right after June 30th.

It would be nice if NFCU just indicated it was a June 30th update instead of a July 3rd update, but at least those of us who've followed this thread, or who knew what you already knew, will know that the report is based on data from the fourth Tuesday of the previous month.

@SouthJamaica NFCU isn't alone in doing this. Langley does it too as do Disco and Citi. All of them pull the score days before they show it to us. If they put the actual date they pulled, people would want to know why the delay so I imagine this way is just easier since only people like us here on MF actually check our SP dates 😂

I discovered that Langley was off earlier this month when my score had not reflected that my BK was gone. They had also pulled on 6/30.

By the way, if you haven't signed up for the free monthly Equifax reports from them directly, it's certainly worth it. You get to see who SPs you and when.

Re: You can disregard NFCU's July 3rd EQ FICO 9 update

SouthJamaica — Thu, 30 Jul 2020 03:56:37 GMT

@Anonymous wrote:
@SouthJamaica wrote:
@MrZero wrote:
@SouthJamaica wrote:
@MrZero wrote:
Mine went up 42 points from June 3rd to when they pulled the update on June 23rd for July 3rd. ¯\_(ツ)_/¯
So you're saying that the July 3rd "update" was actually relying on data from June 23rd? If so, that could suggest that it was 10-day-old data, rather than month-old data.

If so, just curious how you knew what day they pulled it from?
Yeah, Navy usually pulls from the fourth Tuesday of the month before you see their updated EQ9 score, I checked my last EQ credit report from July 18th and as @Saren said, they ended up pulling on June 30th/the fifth Tuesday of last month.
Wow thank you @MrZero and @Anonymous

Now we've really pinned it down, thanks to you

So there was only a 3-day lapse. That's not too bad. And it explains my discrepancy because the significant data changes would have been reflected right after June 30th.

It would be nice if NFCU just indicated it was a June 30th update instead of a July 3rd update, but at least those of us who've followed this thread, or who knew what you already knew, will know that the report is based on data from the fourth Tuesday of the previous month.
@SouthJamaica NFCU isn't alone in doing this. Langley does it too as do Disco and Citi. All of them pull the score days before they show it to us. If they put the actual date they pulled, people would want to know why the delay so I imagine this way is just easier since only people like us here on MF actually check our SP dates 😂

I discovered that Langley was off earlier this month when my score had not reflected that my BK was gone. They had also pulled on 6/30.

By the way, if you haven't signed up for the free monthly Equifax reports from them directly, it's certainly worth it. You get to see who SPs you and when.

I have accounts with all 3 of those lenders, and the way they indicate the date is to indicate the data was pulled on that date.

Langley says "Your FICO Score 8 based on Equifax Data is the same score that Langley FCU pulled on 7/06/20"

Citi says "Your FICO score as of 6/23/20"

Discover says "here's your FICO credit scorecard as of 7/19/20"

Re: You can disregard NFCU's July 3rd EQ FICO 9 update

Anonymous — Thu, 30 Jul 2020 05:53:41 GMT

@SouthJamaica wrote:
@Anonymous wrote:
@SouthJamaica wrote:
@MrZero wrote:
@SouthJamaica wrote:
@MrZero wrote:
Mine went up 42 points from June 3rd to when they pulled the update on June 23rd for July 3rd. ¯\_(ツ)_/¯
So you're saying that the July 3rd "update" was actually relying on data from June 23rd? If so, that could suggest that it was 10-day-old data, rather than month-old data.

If so, just curious how you knew what day they pulled it from?
Yeah, Navy usually pulls from the fourth Tuesday of the month before you see their updated EQ9 score, I checked my last EQ credit report from July 18th and as @Saren said, they ended up pulling on June 30th/the fifth Tuesday of last month.
Wow thank you @MrZero and @Anonymous

Now we've really pinned it down, thanks to you

So there was only a 3-day lapse. That's not too bad. And it explains my discrepancy because the significant data changes would have been reflected right after June 30th.

It would be nice if NFCU just indicated it was a June 30th update instead of a July 3rd update, but at least those of us who've followed this thread, or who knew what you already knew, will know that the report is based on data from the fourth Tuesday of the previous month.
@SouthJamaica NFCU isn't alone in doing this. Langley does it too as do Disco and Citi. All of them pull the score days before they show it to us. If they put the actual date they pulled, people would want to know why the delay so I imagine this way is just easier since only people like us here on MF actually check our SP dates 😂

I discovered that Langley was off earlier this month when my score had not reflected that my BK was gone. They had also pulled on 6/30.

By the way, if you haven't signed up for the free monthly Equifax reports from them directly, it's certainly worth it. You get to see who SPs you and when.
I have accounts with all 3 of those lenders, and the way they indicate the date is to indicate the data was pulled on that date.

Langley says "Your FICO Score 8 based on Equifax Data is the same score that Langley FCU pulled on 7/06/20"

Citi says "Your FICO score as of 6/23/20"

Discover says "here's your FICO credit scorecard as of 7/19/20"

Yeah I don't know why they lie about the day they pulled the score, just that they all do.