I recently added DH as a joint user to my USBank card opened in 2003. It was the oldest thing I had to to up his AAOA, has a $15,500 limit, and no balance. His EQ score prior to the add was 661 (from MyFico).
I didn't have a TR score, but USBank appeared on his TR report before EQ and I was impatient so I pulled his TR score. 698! I was thrilled. I still wanted to compare his EQ score before and after the add since I had a report from EQ. So today, with USBank finally on his EQ report, I pulled his score to judge the increase. It was 665. Only a 4 point increase, and far from what the TR report shows. The only other difference in the reporting is that the balance on his car loan was $18,181 and is now $17,797.
I'm sure the extra 4 points on EQ probably came from the car loan debt being slightly lower, so now I'm wondering if TR was already around that high and I just didn't know it since we always pull EQ. But WHY?! They show the exact same stuff? The only thing I really see different is on the Understanding Your Score page. TR says his most recent late payment was 3 years ago, and EQ says it was 2 years and 2 months ago. This is because EQ has a "recent payment history" listed for his student loan collections which became collections in 2006, but were finally paid in full August 2008. TR doesn't show the payment history, so they fall to his Bank of America charge off as his most recent late payment. Account was technically paid off February 2008, but was closed October 2007 and that's what TR seems to be basing it on.
With everything else reporting the same, does a 10 month difference in payment history cause the 33 point difference? Is 3 years an important milestone that should show a big jump on EQ in 10 months?
