Negative Scoring Factor- Clarification Please?

[Anonymous]

I pulled my 3 reports from Pro Credit Monitoring and both Experian and Equifax list 

"lack of sufficient relevant auto account information" as contributing to my low score. Is this referring to an 

auto loan??  If it does, I have had an auto loan for two years and it is reporting to them for the two years as I can see it in their reports.

Would I need to dispute this? Thanks.

[Anonymous]

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@Anonymous wrote:

I pulled my 3 reports from Pro Credit Monitoring and both Experian and Equifax list 

"lack of sufficient relevant auto account information" as contributing to my low score. Is this referring to an 

auto loan??  If it does, I have had an auto loan for two years and it is reporting to them for the two years as I can see it in their reports.

Would I need to dispute this? Thanks.

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You can't dispute reason codes.  Those aren't from the bureaus but from the scoring agency.

Is that auto loan open or closed?  Any late payments on it?

Also, I believe Pro Credit offers educational scores, not FICO credit scores.  Be aware if the score doesn't actually say FICO Score near it, it isn't a FICO credit score, but an entertainment score probably from Vantage Score, which no lender uses for credit purposes.

[Anonymous]

Thank you for all that information.

My auto account is open and has never been late in the two years I have had it. 

[Anonymous]

I wouldn't stress it -- if it is indeed a Vantage Score, their reason codes aren't all that solid to begin with. 

FICO itself does have the #97 reason code of "Lack of recent auto loan information" but it's only on some of their score flavors.

[Anonymous]

Hello HeyItsMe!

As ABCD suggests, you'll benefit from getting access to regular FICO 8 scores.  The FICO 8 from Experian (along with its report) is available here:

https://www.creditscore.com/

Credit Karma is a good choice to pair with it, just so you can look at its reports (not the scores or the alerts).  Karma costs nothing and gives you access to your Equifax and TransUnion reports.

Finally there is the $1 trial at Credit Check Total which will give you your FICO 8 scores from all three bureaus and a 3B report.  Before you register for the trial, be sure to have a plan for how to cancel it.  Contributor BBS here is an old hand with CCT and he strongly advises using email -- he's got a simple complete strategy that seems pretty foolproof for him.  Cancelling the trial by phone can take a long time. 

[Anonymous]

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@Anonymous wrote:

I pulled my 3 reports from Pro Credit Monitoring and both Experian and Equifax list 

"lack of sufficient relevant auto account information" as contributing to my low score. Is this referring to an 

auto loan??  If it does, I have had an auto loan for two years and it is reporting to them for the two years as I can see it in their reports.

Would I need to dispute this? Thanks.

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It sounds like maybe the auto information being reported is lacking in some aspect.