Equifax increased my score for a mortgage I dont have!!!!

[Anonymous]

Ok guys...maybe someone out there can help me out.  I got a hit from Equifax in the positive for 3 points.  Here is the problem; it shows the additional 3 points added to my credit score but in the details it says the following:

Details:

Interest Rate

4.382% on 30 Year Mortgage

I plan of buying a house in the very near future but I haven't inquired about it.  I called Equifax and they stated that there is no "mortgage" on my Equifax credit bureau.  So what gives.  Anyone knows what this means?  I do apologize if this is in the wrong place. Thank you in advance.

MJH

[Anonymous]

I would look to see if you have additional inquiries, sp & hp

[Anonymous]

If you're using MyFICO, there's an "alert" setting that says "notify me when I qualify for different interest rates on mortgages" or something to that effect.

[UncleB]

This was posted in "Credit Cards"... you'll likely get more input on your topic in another forum, probably General Credit Topics or Understanding FICO Scoring. 

I'll request a moderator to relocate the thread for you.

[Anonymous]

Thanks.

[iv]

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@Anonymous wrote:

Ok guys...maybe someone out there can help me out.  I got a hit from Equifax in the positive for 3 points.  Here is the problem; it shows the additional 3 points added to my credit score but in the details it says the following:

Details:

Interest Rate

4.382% on 30 Year Mortgage

I plan of buying a house in the very near future but I haven't inquired about it.  I called Equifax and they stated that there is no "mortgage" on my Equifax credit bureau.  So what gives.  Anyone knows what this means?  I do apologize if this is in the wrong place. Thank you in advance.

MJH

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You're misunderstanding the alert... but it's not just you - the way they present those notes seems to confuse people every day.

Your score was updated due to a triggering event (balance change, etc).

MyFICO then interpreted the change in score as one that crossed a possible tier threshold for a mortage, and reported the (possible) results if you were to apply for said loan today, with that score. (Never mind that the FICO 8 being reported there isn't actually used for mortages...)

It's not a new loan appearing.

It's just MyFICO alerting being unnecessarily confusing.

[Anonymous]

Thanks, I feel much better now. Enjoy what remains of your day.

MJH