Dangers of Experian Boost to Mortgage Score Report

[Anonymous]

My actual Experian and Equifax reports are similar (except for Boost items).  On a Residential Mortgage Credit Report, my Experian was hammered by comparison, with notes about number of acounts and balances vs max which appear to be contributed to Experian Boost items.  Score was 752 vs 802.  I realize there are model differences between 2 and 5, and I can't attribute it directly (although it seems to be be based on notes), just wanted to throw it out there, wasn't sure if it was commonly known.  Because it was over 740 I am in top tier and not effected, but this could have been a huge deal in a slighly different senario.

[Anonymous]

And this is why people shouldn't use Experian boost : )

[Anonymous]

Is EX Boost something that can be removed once added?  I know nothing about it.  If it can be removed, it would be cool to see the impact on that mortgage score with/without it in place.

[Anonymous]

You can remove it.   If had effected by tier I would have and tryed to rerun it.

[Anonymous]

If it's not too much trouble and you can remove it and grab your score again that information could greatly help someone else in the future and potentially prevent them from dropping a tier and thus losing out on a ton of money.

[SouthJamaica]

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@Anonymous wrote:

                  another reason

And this is / why people shouldn't use Experian boost : )

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[dustind]

You can unboost on their CCT service website. I think this could also be a way to get mid-day updates to your fico8 score.

[Anonymous]

I'll attempt to get score again (I think pulled right before closing) but it will be a couple of weeks.  FICO 8 drops from 786 to 770 with Boost accounts removed.

[Focker69]

I don't think Experian Boost accounts are factored into the Mortgage Fico scoring formula.... I could be wrong.

[Anonymous]

@Focker69 

The Experian self reported balances showed when both mortgage companies I qualifed through pulled credit.  (they removed from DTI calculations manually).  Showed as Utility Self-Report, Telecom Self-reporte

On the Experian report mine was scored 752 (lowest), and the notes Ratio of Balance to Limit on Bank revolving or other rev accts too high and Too many accounts with Balances was on Experian but not the others.  On the self reported accounts they shows as $25 of $25, $100 of $100.