Wells fargo I hope y'all are listening
I feel like you are providing inaccurate information to us account holders.
you claim the fico9 you provide was updated on 5/13 but you "updated" it with last months CR data. What gives?
I looked at my Experian report from three weeks ago and the data Wells Fargo us using is that old. How do they get away with telling us customers that the score they are providing is current as of today, if they are not using today's data.
Also I figured this was as good a reason as any to post my new All Time High Score 763 Woo Hoo!!!
I don't think FICO 9 uses trended data. That came with FICO 10T.
I also checked my WF online account and don't see anything showing today's date. My data is consistent with the date of my last update. I looked at both the desktop website via Chrome and also through the Android app. Maybe some type of glitch for your account?
@Snook_on_the_Line wrote:
@NoHardLimits wrote:I don't think FICO 9 uses trended data. That came with FICO 10T.
I also checked my WF online account and don't see anything showing today's date. My data is consistent with the date of my last update. I looked at both the desktop website via Chrome and also through the Android app. Maybe some type of glitch for your account?
Today is the day of the month that my score updates. But the account balances in the report (which is also dated today) are last months balances (dated 4/6 and 4/10).
maybe they are just slow to update and the score that came out today is based on the new balances.and a quick google search confirms that you are correct. ✅
trended data from balances is a fico10 thing
One additional data point from me: I am new to the Wells Fargo FICO 9 feature because I was just approved for a credit card less than two weeks ago. My data is truly fresh from that point. I will report back after my score updates next month and let you know if the report data is current or stale as of that date.
Did you happen to take into account the lag time between a statement cut and when the updated data is actually received by the credit bureaus? From my experience, it normally takes 3 to 8 days for updated data to appear on credit reports. So if my statement cuts on the 15th, it won't hit the bureaus until the 18th through the 23rd. Also, some banks update EX first, others TU, and so on.
@Snook_on_the_Line wrote:Exp report is already showing the new balance that was updated the 10th.
@NoHardLimits wrote:Did you happen to take into account the lag time between a statement cut and when the updated data is actually received by the credit bureaus? From my experience, it normally takes 3 to 8 days for updated data to appear on credit reports. So if my statement cuts on the 15th, it won't hit the bureaus until the 18th through the 23rd. Also, some banks update EX first, others TU, and so on.
So that's how I figured the exp report data WF is providing is out of date
There must be some type of batch process rather than a real-time individual update. I'll keep my eyes out for this behavior when my WF score updates. Thanks for bringing this to my attention.