@Anonymous wrote:
Hi
I've had issues with Equifax increasing my score by over 170 pts in one alert then it decreased by the same number of points the next week and they can't give me a reason why. Now for my second issue with them.....i recently paid down my credit card balance to under 20% utl. Well today I received a FICO alert abt the balance decrease for my Experian report and my score increased by 4 pts. I know it's not much but every point helps. Also later today, I received another FICO alert abt THE SAME balance decrease reported on my Equifax but it said ZERO score increase... Whats wrong with Equifax? My score should've increased by even 1 point... If Experian increased from the same account, why not Equifax? Equifax is always the lowest of all three. Has anyone else had a problem with Equifax?
I have never had a pleasant experience over the phone, or with their responses to mailed disputes and yes, score updates. Their scores are wild and quite frankly, I have no idea if their algorithms are close to what the other bureaus use. I wish the CRAs were broken up. They have a monopoly; they are inefficient and corrupt. Equifax is a criminal enterprise and the phone reps are shady af.
The other contributor here, made a few good points. I noticed too that Equifax has a separate "Equifax score" or Credit Score in addition to their FICO score. My utilization with them is nearly 25 percentage points higher than TU and EX. Also, *getting your util down to 20% - unless you moved from 30% - will not yield you more points, because you are still at "good" utilization 10-29%. We get more points back when cross a threshold; so, when you get below 50%, 30%, 10%, you get points back. I'm hoping someone else here -if they haven't already - might add more clarity.
