29 point drop due to glitch in new scoring system. Anyone Else?

[rwt]

I have been keeping a close watch on my credit due to preparing to buy a home. I have joined back up with TU on thier monitoring service and a couple days ago i got an alert in reference to inquiries on my credit. Over the past couple days TU's system accidentally removed all inquiries on my credit reports. The system caught this mistake and added 18 inquiries to my credit. Now... it shows the dates that the inquiries had been done (most from 2014 and 2015) but the system does not know the dates and see all these inquiries and new. This has dropped my score enough that I am now just out of reach for the interest rate on the home I was hoping for. The lender will also notice this and as a result may deny me for a loan. 

I contacted TU and they believe that the lenders will not see these changes on the software they use and TU indiacted they use thier own software. They did say it should be corrected but could not give me a date when.  Has anyone else had this problem? Im not sure what system my lender is using but I know that my cap one, barclay, credit sesame and karma has dropped my score. Any help would be great

[RonM21]

The lender may use something.different anyway, but Cap1,.CS, &CK are not Fico scores. Barclay is the one you mentioned that I believe uses a true Fico. I'm not even certain TU uses a Fico. I mention this because you don't really want to go by these.

Also, TU has been having major glitch issues for a couple of months now, that have effected a lot of people.

[rwt]

Thanks for the reponse, I have found many posts referring to this issue... Hopefully this doesnt affect me as I am preparing to purchase a home.

[elim]

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@rwt wrote:

Thanks for the reponse, I have found many posts referring to this issue... Hopefully this doesnt affect me as I am preparing to purchase a home.

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  i suggest pulling your mortgage scores from here...   now

[Revelate]

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@elim wrote:

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@rwt wrote:

Thanks for the reponse, I have found many posts referring to this issue... Hopefully this doesnt affect me as I am preparing to purchase a home.

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  i suggest pulling your mortgage scores from here...   now

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Not sure that MF doesn't suffer from the TU problems as well.

The dates aren't new in my experience if one looks at the inquiries explicitly regardless of what the alert says; in general either the inquiries are there and scored correctly, or they're not... so either way you dont lose in this case OP when it comes to mortgage financing.

[Anonymous]

TU uses the Vantage 3 scoring model. Most lenders do NOT use it.

[takeshi74]

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@rwt wrote:

Im not sure what system my lender is using but I know that my cap one, barclay, credit sesame and karma has dropped my score.

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Mortgage lenders do not use these scoring models.  See also the Understanding FICO Scoring & Mortgage subfora as well as their stickies.  Always consider the specific scoring model & CRA when referencing scores and consider the relevance of a given model/CRA combo to a given creditor/product.  The VantageScores from CO and CK are only relevant to creditors that use those VantageScores.  The TU FICO 8 from Barclaycard is only relevant to creditors that use a TU FICO 8.  Creditors and products do not all use the same scoring model and CRA.  There are many scoring models (even with FICO) that are used by creditors.

Hard pulls are typically a small factor.  If you're seeing significant impact from them then that is just a symptom.  The real problem(s) lie(s) elsewhere in your credit profile.

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@rwt wrote:

This has dropped my score enough that I am now just out of reach for the interest rate on the home I was hoping for. The lender will also notice this and as a result may deny me for a loan.  

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Inform your mortgag lender and have them pull again when it is sorted out.

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@rwt wrote:

 29 point drop due to glitch in new scoring system.

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It's not the scoring system.  It's TU's data.  Don't conflate the two.