Found a scoring discrepancy with Equifax

[SeeingTheLight]

So, I've been having a problem with my scores being reported by Equifax to my paid subscription Experian account. I also have the free Equifax FICO 8 score from MyFico as a comparison. Every month, the Experian app's EQ score is like 10-12 points lower than the MyFico EQ score. Same content and balances on both reports. I did a comparison on the credit limits and balances and noticed that on the actual EQ website's credit report summary page, the EQ total credit limit available is higher than the EX's total available credit limit by the exact amount that was the highest reported balance on my AmEx Gold card. A quick calculation of the amounts owed showed that they are including the balances of my AmEx Gold in the utilization calculation. They are also using the highest balance reported on the Gold as a credit limit! That amount is included in the "available credit" number! As you know, the bureaus typically do not include the AmEx charge card balances in the util calcs since there is no credit limit. Apparently EQ does? On my Experian app, I'm showing 8% util on EX and TU and EQ shows 10%. The EQ website summary shows 10% util. However on the MyFico app, my EQ util is correct at 8%! That EQ score from MyFico is correct and inline with the others. Has anyone else noticed this? I didn't find an exact thread mentioning this and I'm wondering if I this is disputable? It's a weird discrepancy considering MyFico is pulling the correct credit calculations.

[TheKid2]

You only have 1 FICO 8 score from each CRA. I don't have the pay service from EX,  I use the myFICO pay service and I have always found that the free EX FICO 8 always matches to myFICO EX 8. I don't get my EQ FICO 8 anywhere else. That said, my understanding is that both FICO and VS should not be counting Charge cards in Util. So, this is not being mistaken about which score algorthm is being used.

As a first step I would pull my free reports from ACR and verify that the account is properly categorized as a Charge card on EQ and that all the reporting lines up across all 3 CRAs. Sometimes I have seen 1 CRA behind depending when I pull the report. Keep in mind that the pull is a snapshot and not dynamic.

[Thomas_Thumb]

Perhaps there is some lag time in data from EQ showing on the EX report vs my FICI report or vice versa. As a result a balance on one or two credit charges changes due to an updated statement.

Look at account details.

[jeannette9728miller]

Hello @Thomas_Thumb ,

Each credit bureau may calculate scores slightly differently based on the data they receive from creditors and how they interpret that data. Verify the accuracy of the information on your credit reports from Equifax and Experian.  Since you've identified a specific issue with how Equifax is calculating your utilization, it may be worth contacting them directly to understand why they include AmEx charge card balances in the utilization calculation. If you believe that Equifax is reporting inaccurate information or calculating your credit score incorrectly, you have the right to dispute it. Keep monitoring your credit reports from both Equifax and Experian to ensure that any discrepancies are promptly addressed and corrected. MyFico provides you with another perspective on your credit score and utilization.

[Slabenstein]

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@jeannette9728miller wrote:

Hello @Thomas_Thumb ,

Each credit bureau may calculate scores slightly differently based on the data they receive from creditors and how they interpret that data. Verify the accuracy of the information on your credit reports from Equifax and Experian.  Since you've identified a specific issue with how Equifax is calculating your utilization, it may be worth contacting them directly to understand why they include AmEx charge card balances in the utilization calculation. If you believe that Equifax is reporting inaccurate information or calculating your credit score incorrectly, you have the right to dispute it. Keep monitoring your credit reports from both Equifax and Experian to ensure that any discrepancies are promptly addressed and corrected. MyFico provides you with another perspective on your credit score and utilization.

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Thank you, kind bot, for the contirbution of your valuable and apropos character strings to this thread.

[Thomas_Thumb]

As mentioned a few months back, myFICO needs to add some "are you human" screening tests for all visitors as part of logging in to post. Initial posts could also be tagged for manual review by moderators to double check.

The BOT post above is out of context as a response. I was speaking about a prior poster, not myself. The regurgitation of key words a bit telling as well.

The worst part about this BOT is the wording is suspiciously similar to a general info posting by Fico. Is myFICO now testing deployment of BOTs on their forums? If so, they should name their BOTs: Fbot1, Fbot2, Fbot3 ... Then we can offer feedback on each BOTs performance. Next up - moderator BOTs and the darkside of post deletions!

**keep forum posting AI/bot free **

[Carolj]

My FICO score is on Experian is 729 but my Transunion and Equifax scores ar 827 and 829. All of the reporting is the same. Does anyone know why the discrepancy. I have complained to CFPB but Experian answers are non responsive. I just get boilerplate response with legales but no reason for discrepancy. 

Any ideas on why this is and how to correct it?

[MissLiz]

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@Carolj wrote:

My FICO score is on Experian is 729 but my Transunion and Equifax scores ar 827 and 829. All of the reporting is the same. Does anyone know why the discrepancy. I have complained to CFPB but Experian answers are non responsive. I just get boilerplate response with legales but no reason for discrepancy. 

Any ideas on why this is and how to correct it?

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You need to pull each report from the three CB's through annualcreditreport.com and compare them line by line.