topic Re: FICO comment is inaccurate in General Credit Topics

FICO Negative Reason Code is inaccurate

Anonymous — Fri, 19 Mar 2021 04:34:55 GMT

6 months ago I successfully disputed late payments in my credit file, they were removed and I have verified the last few months there is no reference to them. However, when I am reviewing my FICO score I can see comments about what is impacting my FICO score and a comment of too many missed or late payments. This is an old reference, and not verifiable in my current credit files. My current credit scores all range from 750-780, and my FICO is 740. How can I get the FICO information updated from the credit bureaus?

Re: FICO comment is inaccurate

Anonymous — Wed, 17 Mar 2021 03:19:14 GMT

@Anonymous wrote:
6 months ago I successfully disputed late payments in my credit file, they were removed and I have verified the last few months there is no reference to them. However, when I am reviewing my FICO score I can see comments about what is impacting my FICO score and a comment of too many missed or late payments. This is an old reference, and not verifiable in my current credit files. My current credit scores all range from 750-780, and my FICO is 740. How can I get the FICO information updated from the credit bureaus?

I believe dispute it. 🙏🏻

Re: FICO comment is inaccurate

Anonymous — Wed, 17 Mar 2021 03:32:52 GMT

Thats the problem. You cannot dispute FICO since they are not a credit bureau. I want accurate and correct information to show relating to my FICO score. You can only dispute with the 3 credit bureaus, and since all 3 credit bureaus are updated there is nothing to dispute with them. Certainly, 6 months is enough time to expect FICO to reflect. I thought about filing a dispute with the credit bureaus but the category of FICO information is not an option to file a dispute. I cannot find where, how, or who to contact about FICO errors.

Re: FICO comment is inaccurate

thornback — Wed, 17 Mar 2021 03:50:34 GMT

Which service are you using to view this info (myFICO, Experian app, etc)?

Doubtful this is a FICO issue. I think it's a CMS issue with whichever service you're using to view your scores and reports - like the user interface isn't properly updated to reflect the latest report data.

For example, myFICO, in particular, will update scores regularly but not the actual reports, so score reason codes may be outdated and not at all reflective of the latest report data until you pull a new 3 bureau report.

When is the last time you paid for updated reports/scores? Do you have a subscription with a FICO score provider?

@Anonymous wrote:
My current credit scores all range from 750-780, and my FICO is 740. How can I get the FICO information updated from the credit bureaus?

^^ what does this mean? Which service is showing scores of 750-780 and which is showing 740?

Re: FICO comment is inaccurate

Anonymous — Wed, 17 Mar 2021 03:50:13 GMT

I think I saw the comments on a link from one of my CC's and a link from somewhere else I cannot remember. I know the FICO score is good and the major 3 even better. It's just the comment is there and I don't like it, lol. I have come a long way from 400 about 11 years ago.

Re: FICO comment is inaccurate

Anonymous — Wed, 17 Mar 2021 03:52:56 GMT

The major CB score my in the 750-780 range and my FICO is 740, link from my Citi Visa card.

Re: FICO comment is inaccurate

thornback — Wed, 17 Mar 2021 04:01:10 GMT

@Anonymous wrote:

I know the FICO score is good and the major 3 even better.

You have FICO scores for all 3 bureaus. There is not just one FICO score.

You can get all 3 FICO 8 scores and reports from Experian CreditWorks Premium $1/7-day trial. Just cancel before the trial ends if you don't want the monthly service.

https://www.experian.com/consumer-products/compare-credit-report-and-score-products.html

It seems whatever you viewed may be outdated and you need to pull your most recent data. You also need to be sure whatever score is provided by your cc is a FICO score and not a Vantage 3 model score - they are not the same and FICO is the one used by lenders. Always look at the FAQs or disclaimers to determine which score is being provided.

Re: FICO comment is inaccurate

thornback — Wed, 17 Mar 2021 04:12:44 GMT

@Anonymous wrote:
The major CB score my in the 750-780 range and my FICO is 740, link from my Citi Visa card.

Equifax and Transunion websites do not offer FICO scores. Transunion gives you a Vantage 3 score and Equifax offers their own Equifax scoring model that literally no lender uses.

FICO and Vantage can differ by as much as +/- 100 0oints on some profiles because they respond differently to various aspects of, and changes to, your credit.

Experian.com (free version) offers an Experian Fico 8 score. But if you are getting your Experian score from somewhere else, it may be your Experian Vantage 3 score.

Citi provides your Equifax Bankcard FICO 8, which is an industry version of FICO that will differ from FICO 8 Classic. You have a total of 28 FICO scores which includes FICO 8, FICO 9, Auto, Mortgage, and Bankcard versions. All 28 scores will be different and lenders may use any one of those versions but FICO 8 Classic is the most commonly used.

Re: FICO comment is inaccurate

Anonymous — Wed, 17 Mar 2021 04:17:55 GMT

Got it. I pulled Equifax and Experian credit reports and visited Transunion's site. Perhaps after I pull a CR from Transunion the Citi FICO will eventually update the comments. Not sure if it matters but I keep my credit froze unless I need it, and then I unfreeze it for a few days.

@thornback wrote:
@Anonymous wrote:
The major CB score my in the 750-780 range and my FICO is 740, link from my Citi Visa card.
Equifax and Transunion websites do not offer FICO scores. Transunion gives you a Vantage 3 score and Equifax offers their own Equifax scoring model that literally no lender uses.

FICO and Vantage can differ by as much as +/- 100 0oints on some profiles because they respond differently to various aspects of, and changes to, your credit.

Experian.com (free version) offers an Experian Fico 8 score. But if you are getting your Experian score from somewhere else, it may be your Experian Vantage 3 score.

Citi provides your Equifax Bankcard FICO 8, which is an industry version of FICO that will differ from FICO 8 Classic. You have a total of 28 FICO scores which includes FICO 8, FICO 9, Auto, Mortgage, and Bankcard versions. All 28 scores will be different and lenders may use any one of those versions but FICO 8 Classic is the most commonly used.

Re: FICO comment is inaccurate

Anonymous — Wed, 17 Mar 2021 04:21:48 GMT

Have you pulled each CR individually for free yet from

http://www.annualcreditreport.com/ ?

Free weekly til April 2022. 🙏🏻🙏🏻🙏🏻☘️

Re: FICO comment is inaccurate

thornback — Wed, 17 Mar 2021 04:27:51 GMT

@Anonymous wrote:
Perhaps after I pull a CR from Transunion the Citi FICO will eventually update the comments.

That's not how it works.

First - Citi is not offering a Transunion score, it's a FICO score based on Equifax data.

Second, pulling your reports from one source doesn't make it update elsewhere. Citi has to update their own data by pulling your report and scores.

And having a freeze won't prevent you from pulling updated scores/reports, nor will it prevent Citi from doing so as you have an existing relationship.

Re: FICO comment is inaccurate

Anonymous — Wed, 17 Mar 2021 04:43:35 GMT

Looks like I am screwed then. Equifax report has not shown any late or missed payments since I disputed the inaccurate data 6 months ago and my CITI CC has updated the score about 10 days ago, but still has the comment:

Key Factor(s) Affecting Your FICO® Score:

1
Number of accounts with delinquency
Missed and late payments, including the number of late payments, how late they were, and how recently they occurred, are important to FICO® Scores. Your score was impacted because your credit report shows one or more accounts with missed payments.
2
Time since delinquency is too recent or unknown
Missed and late payments, including the number of late payments, how late they were, and how recently they occurred, are important to FICO® Scores. Your score was impacted because the time since your most recent past due payment was too recent.

Re: FICO comment is inaccurate

Anonymous — Wed, 17 Mar 2021 06:40:08 GMT

@Anonymous wrote:
Looks like I am screwed then. Equifax report has not shown any late or missed payments since I disputed the inaccurate data 6 months ago and my CITI CC has updated the score about 10 days ago, but still has the comment:

Key Factor(s) Affecting Your FICO® Score:
1
Number of accounts with delinquency
Missed and late payments, including the number of late payments, how late they were, and how recently they occurred, are important to FICO® Scores. Your score was impacted because your credit report shows one or more accounts with missed payments.
2
Time since delinquency is too recent or unknown
Missed and late payments, including the number of late payments, how late they were, and how recently they occurred, are important to FICO® Scores. Your score was impacted because the time since your most recent past due payment was too recent.

@Anonymous need to pull your Equifax report from annualcreditreport.com and scour it for the lates. that's the most accurate source you can get. Then come back and tell us what you find.

Re: FICO comment is inaccurate

calyx — Wed, 17 Mar 2021 17:29:50 GMT

@Anonymous - You need to also double check the date that the information was pulled. Citi pulls the EQ data (typically) on the last Tuesday of the month (so 2/23 in this case). They don't post it for a week or more, so by the time you saw the score, the data it used in the algorithm could be (slightly) outdated.

As has been suggested - definitely pull your reports from annualcreditreport.com (currently available weekly) to make sure the data is truly accurate.

Re: FICO comment is inaccurate

Anonymous — Wed, 17 Mar 2021 17:48:41 GMT

Please excuse me for sounding annoyed at this situation, As I have said this was all corrected with Equifax about 6 months ago so plenty of time to allow for updates to happen. I have pulled all 3 credit reports and not a single notation, degrogatory mark, or any late payment. All accounts show paid on time.

Re: FICO comment is inaccurate

Anonymous — Wed, 17 Mar 2021 19:25:10 GMT

@Anonymous wrote:
Please excuse me for sounding annoyed at this situation, As I have said this was all corrected with Equifax about 6 months ago so plenty of time to allow for updates to happen. I have pulled all 3 credit reports and not a single notation, degrogatory mark, or any late payment. All accounts show paid on time.

@Anonymous I understand what you're saying and it may have been updated and corrected six months ago. But we don't know what's happened since then. And there's probably no way to know.

All we can do is try to find out what's going on right now. That means we need you to pull a current annual credit report credit report and scour it today and see if anything has been added. Because something is funny somewhere. Whether it be your credit report or whether it be something else, there's a problem.

and if we can't find it on your credit report then your next step will be contacting the credit bureaus because if you look at today's annual credit report CR and nothing is there, then you need to speak with a supervisor at EQ and find out what's going on.

Re: FICO comment is inaccurate

Anonymous — Wed, 17 Mar 2021 20:05:12 GMT

How does someone caontact a supervisor at EQ? All I can find on their site is to dispute a specific issue and not something ambiguous like this comment. Who knows if this comment is holding back what could be an even higher score. It has been a long arduous road back to the point I am now and although my score is good, I hate seeing the negative (albeit inaccurate) comment.

I pulled EQ report last night and it is as clean as it gets, not a single derogatory mark or comment.

@Anonymous wrote:
@Anonymous wrote:
Please excuse me for sounding annoyed at this situation, As I have said this was all corrected with Equifax about 6 months ago so plenty of time to allow for updates to happen. I have pulled all 3 credit reports and not a single notation, degrogatory mark, or any late payment. All accounts show paid on time.
@Anonymous I understand what you're saying and it may have been updated and corrected six months ago. But we don't know what's happened since then. And there's probably no way to know.

All we can do is try to find out what's going on right now. That means we need you to pull a current annual credit report credit report and scour it today and see if anything has been added. Because something is funny somewhere. Whether it be your credit report or whether it be something else, there's a problem.

and if we can't find it on your credit report then your next step will be contacting the credit bureaus because if you look at today's annual credit report CR and nothing is there, then you need to speak with a supervisor at EQ and find out what's going on.

Re: FICO comment is inaccurate

thornback — Wed, 17 Mar 2021 20:24:37 GMT

@Anonymous wrote:
How does someone caontact a supervisor at EQ? All I can find on their site is to dispute a specific issue and not something ambiguous like this comment. Who knows if this comment is holding back what could be an even higher score. It has been a long arduous road back to the point I am now and although my score is good, I hate seeing the negative (albeit inaccurate) comment.

I pulled EQ report last night and it is as clean as it gets, not a single derogatory mark or comment.

You just call their main number and ask the rep to put a supervisor on the line.

I think you should pull your 3 reports and 28 scores from myFICO first so you can see if that reason code actually exists for your EQ Bankcard FICO8. If it doesn't, then you know it's an issue with Citi and not Equifax. If it does, then you'll have the most up to date information to address when you speak with EQ. You'll also be able to see if that reason code exists on the other EQ FICO score versions.

Re: FICO comment is inaccurate

OmarGB9 — Wed, 17 Mar 2021 20:59:11 GMT

@Anonymous wrote:
How does someone caontact a supervisor at EQ? All I can find on their site is to dispute a specific issue and not something ambiguous like this comment. Who knows if this comment is holding back what could be an even higher score. It has been a long arduous road back to the point I am now and although my score is good, I hate seeing the negative (albeit inaccurate) comment.

I pulled EQ report last night and it is as clean as it gets, not a single derogatory mark or comment.
@Anonymous wrote:
@Anonymous wrote:
Please excuse me for sounding annoyed at this situation, As I have said this was all corrected with Equifax about 6 months ago so plenty of time to allow for updates to happen. I have pulled all 3 credit reports and not a single notation, degrogatory mark, or any late payment. All accounts show paid on time.
@Anonymous I understand what you're saying and it may have been updated and corrected six months ago. But we don't know what's happened since then. And there's probably no way to know.

All we can do is try to find out what's going on right now. That means we need you to pull a current annual credit report credit report and scour it today and see if anything has been added. Because something is funny somewhere. Whether it be your credit report or whether it be something else, there's a problem.

and if we can't find it on your credit report then your next step will be contacting the credit bureaus because if you look at today's annual credit report CR and nothing is there, then you need to speak with a supervisor at EQ and find out what's going on.

Just wanted to point out that that comment/ reason code in and of itself has no bearing whatsoever on scores. The comment is a result of the information on your reports. If you were to apply for a credit card somewhere and they pulled your EQ report, if everything looks good (which you say it does), then there should be nothing to worry about. It may just be a glitch with the credit monitoring software, which isn't anything serious and isn't something you can formally dispute anyway.

Re: FICO comment is inaccurate

Anonymous — Wed, 17 Mar 2021 21:49:38 GMT

@Anonymous thank you for making that point. I think I will just let it be then. My time is not worth the hassle.