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Regarding the reason I asked about the lender pull was to see if there were any significant changes to your tradelines (like a recent collection or something else that may have popped up) that would have that affect. The only thing I can think of is a super-recent item that we're overlooking.
Regarding the CA: How far up the pecking order did you go with the First Premier collection? Most times you will get zero results talking to some lackey.
Both reports seem to have lots of negatives and I wonder why either is above 600. I assume the Collection and Charge Off on TU are having a bigger effect than the large number of 120 Day Lates on EQ.
I would work on those two items first.
It does look like you won't be buying a house soon if you have to wait for those to age off your reports.
FST Premier | 11/2008 | $424 | 120+ days past due |
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Cap One | 5/2011 | $29 | Pays account as agreed | No |
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XXXXX4303 | 9/2001 | $6,253 | Pays account as agreed | No |
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XXXXXXXXXXXX0004 | 5/2002 | $0 | Pays account as agreed |
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XXXXXXXXXXXX0002 | 8/2003 | $0 | Pays account as agreed |
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XXXXXXXXXXXX0001 | 8/2003 | $0 | Pays account as agreed |
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XXXXXXXXXXXX0003 | 9/2001 | $0 | Pays account as agreed |
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XXXXXXXXXXXX0005 | 1/2003 | $0 | Pays account as agreed |
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3/2009 | $751 | 120+ days past due | No |
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2/2007 | $0 | Bad debt/collection |
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1/2004 | $0 | 120+ days past due |
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XXXXXXXXXXXXX9001 | 6/2007 | $0 | Pays account as agreed | No |
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7/2003 | $0 | Pays account as agreed | No |
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3/2002 | $0 | Pays account as agreed | No |
My opinion is that there is something drastically wrong with either your EQ or your TU. Something isn't reporting correctly or something hit your TU so recently or so hard that it is causing this discrepancy.
Any idea what your EXP Fico is? With FHA they're going to take your mid-score and that might be a good indicator as to which CRA is off. Yes, I know you pulled a TU98 and that's outdated, but I can't imagine it being as far off as that.
I'm honestly baffled as to why the difference between TU and EQ.
I have no input on the score differances, but as for the FHA needing a 640 FICO, it is actually a 580 FiCO to be considered
from the websiteGenerally speaking, to get maximum financing on typical new home purchases, applicants should have a credit score of 580 or better. Those with credit scores between 500 and 579 are, according the the FHA guidelines, "limited to 90 percent LTV".
http://www.fha.com/fha_article.cfm?id=200
Both reports seem to have lots of negatives and I wonder why either is above 600. I assume the Collection and Charge Off on TU are having a bigger effect than the large number of 120 Day Lates on EQ.
I would work on those two items first.
It does look like you won't be buying a house soon if you have to wait for those to age off your reports.
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That's true
the difference between my TransUnion and Equifax is more than 100 points -- check out my sig below
funny thing is, eyeballing the two side by side, the Equifax looks like it should yield the higher score... bizarre
won't even pretend to understand the voodoo. My energies are directed toward doing everything I can do to stay current on all my accounts, husbanding my credit lines, etc
Experian says 745, bank pulls credit and Experian says 709. Absolutely NO CREDIBILITY in this system. Anyone explain why?
@Anonymous wrote:Experian says 745, bank pulls credit and Experian says 709. Absolutely NO CREDIBILITY in this system. Anyone explain why?
Because Experian offers scores but they are not FICO scores. Your bank very likely pulled a FICO. The two cannot be compared because lenders don't use the same scores Experian offers.