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Inaccurate Credit Score Reporting by FICO

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Counsel3
New Visitor

Inaccurate Credit Score Reporting by FICO

FICO has inaccurately reported my credit score to Experian which has caused a decrease in my score of 43 points. I have not had any bad account or collections. This needs to be corrected by FICO immediately. I have had a consistent 720  - 750 score for 18 months.

Message 1 of 11
10 REPLIES 10
OmarGB9
Community Leader
Super Contributor

Re: Inaccurate Credit Score Reporting by FICO

FICO is not an individual reporting entity. They merely created the formula. Each bureau utilizes the same FICO algorithm with minor tweaks for their respective score. Your creditors provide the data to the bureaus who in turn generate your score.

 

Have you gone through your reports to try and figure out what might have caused the score decrease (whether accurate or not; mistakes can and DO happen)?


Last App: 1/10/2023
Penfed Gold Visa Card

Currently rebuilding as of 04/11/2019.

Starting FICO 8 Scores:




Current FICO 8 scores:


Message 2 of 11
Gunnerboy
Established Contributor

Re: Inaccurate Credit Score Reporting by FICO

@Counsel3 

Creditors are the ones reporting information to Experian.
FICO is an analytics company that created scoring models used by credit reporting agencies, such as Experian.
Experian uses reporting information from creditors to produce FICO scores.

 

You need to see a current version of your Experian report to see which of your creditors recently reported derogatory information to them.



"Not everyone who helps you is a friend, and not everyone who challenges you is an enemy."
Message 3 of 11
babygirl1256
Senior Contributor

Re: Inaccurate Credit Score Reporting by FICO

@Counsel3 I would access my free annual credit report, if you haven't already done so to see what has changed. As others have stated, FICO doesn't report data to the Credit Bureaus. Have you tried contacting Experian? If not, do so as they are by far the easiest to work with (in my experience). Best wishes resolving the issue in your favor. Smiley Wink

Starting FICO 8 Score in 06/2019: EQ-625, TU-649, EX-640
Current FICO 8 Score in 06/2021: EQ-796, TU-806, EX-812
Goal FICO 8 Score in 06/2022: EQ-825, TU-850, EX-850
Message 4 of 11
NRB525
Super Contributor

Re: Inaccurate Credit Score Reporting by FICO

Sorry to hear about the score decrease.

This forum can provide discussion and recommendations to you for steps you can take.

The forum here is not a formal communication path for you to get credit scores disputed nor your credit reports corrected.

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
March 2021 $33k on $312k EQ 796 TU 798 EX 801
May 2021 Paid all Installments and Mortgages, one new Mortgage EQ 761 TY 774 EX 777
April 2022 EQ=811 TU=807 EX=805 - TU VS 3.0 765
Message 5 of 11
SouthJamaica
Mega Contributor

Re: Inaccurate Credit Score Reporting by FICO


@Counsel3 wrote:

FICO has inaccurately reported my credit score to Experian which has caused a decrease in my score of 43 points. I have not had any bad account or collections. This needs to be corrected by FICO immediately. I have had a consistent 720  - 750 score for 18 months.


FICO does not report your score to Experian.


Total revolving limits 569520 (505320 reporting) FICO 8: EQ 699 TU 696 EX 673




Message 6 of 11
Czyln
Valued Member

Re: Inaccurate Credit Score Reporting by FICO

This has happened to me as well, with the only changes being one inquiry and I have actually reduced my utilization to 4%.

Message 7 of 11
mcsea
New Visitor

Re: Inaccurate Credit Score Reporting by FICO

There's no way my FICO is accurate. Says my Equifax is 588 but at the actual Equifax bereau it says it's 632 on myequifax.com

 

would be scared to see what my FICO says about my Experian and trans union

Message 8 of 11
markbeiser
Established Contributor

Re: Inaccurate Credit Score Reporting by FICO


@mcsea wrote:

There's no way my FICO is accurate. Says my Equifax is 588 but at the actual Equifax bereau it says it's 632 on myequifax.com

 

would be scared to see what my FICO says about my Experian and trans union


Myequifax.com shows your vantage 3.0 score, which is a very different thing than FICO scores, often with a very wide difference.
For instance, my current Equifax Vantage 3.0 score is 811, but my FICO8 score from Equifax is 776 because FICO8 scores are very much more sensitive to new accounts than Vantage scores.
The spread for my scores is currently even bigger for Experian and Transunion Vantage scores vs. FICO8.

Back to gardening until Late February 2026.
Current FICO8:
Message 9 of 11
FicoMike0
Valued Contributor

Re: Inaccurate Credit Score Reporting by FICO

There may be errors on your Equifax report, but what Myfico reports is your score. You can get a second opinion from credit.com, but any difference is going to be from a different day. Credit.com has a 7 day free trial. Sign up for paid subscription, then cancel by day six.

Message 10 of 11
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