@ferrari wrote:
I checked it 2 weeks ago and nothing updated since
The only update is that now they show my debt as about 11000 instead of 1000 so they included my auto loan in the debt which they didn't do before, and if they are treating that as a revolving account that could be the reason for the score drop!
Should I be worried? should I pull my TU report? There are no new tradelines and no increase in the bebt amount except the addition of the auto loan.
Well, this is one of the problems with third-party monitoring reports. Data gets mis-categorized into odd clumps. Unless the real underlying TU report has re-classified your auto loan as revolving, your FICO shouldn't have changed. Back when TrueCredit was a genuine daily puller for 3-in-1's, I used to see all sorts of screwball things on there. For instance, when you looked at EQ payment history, there would only be a series of X's instead of OK's, and they had my HELOC in some sort of weird category, and reporting dates were flat wrong, and quite frequently, the numbers just didn't match up at all.
Have you seen a full TU report since the auto loan started reporting, or alternatively, a myFICO TU report? (And myFICO reports are third-party monitoring reports, too, and they get some oddball stuff at times.) If the loan was reported correctly at first, it probably is still correct. But if it's new to your reports, it's possible that it was somehow miscoded and is treated as revolving debt, thus throwing off your util.
Two options:
- ignore it, on the assumption that everything's OK on the underlying report, or
- pull a myFICO TU report and check your score to see if there's been a similar odd change. If you had a FiCO score change, the list of negatives on screen 2 should give you an indication of what has happened, when you compare the list to one from an earlier report with a higher score.
I suppose it might seem like we "jump all over anyone who uses another website to get their credit scores," as you wrote earlier, but it's not attacking people who do so. It's trying to get them and other readers, who might be new, to realize that there are a lot of scoring systems out there, and other than the occasional coincidental matching of FICO/ non-FICO scores, it's just confusing to everyone to bring in the non-FICO scores, and to try to follow and understand them, as you are discovering for yourself. We don't know how various non-FICO (see, I'm being nice and not calling them FAKO) scores are generated, and so since we don't know the formulas on which they're based, we can't analyze what triggers their score changes.
I think that third-party monitoring sites are great for following changes in credit reports. Reports, not scores, and not their advice. Although sometimes the data-mapping from the underlying real reports gets a little wonky and things display in strange places, they are invaluable for following changes in our reports, which in the end, is the important thing. But they throw in their scores and advice as some sort of gravy, and confusion reigns.
It's fine if you want to follow your CK scores, obviously. But this is an example of one of the drawbacks in doing so.
And btw, back when I had TrueCredit, I often saw a non-FICO score there go up while the FICO went down, and vice versa. They never correlated for me, either in actual score or direction of score movement. And that is the experience of many others here.
eta: looks like GregB out-typed me, and very concisely too! 