New auto loan score effect results (EX learned a new trick?)

[Anonymous]

I have yet to see any negative comments w/ score over 800

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@MattH wrote:

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@marty56 wrote:
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So it seems that EX really is more focused on % util vs # accounts reporting.

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Yes, I think EX does focus more on %util. I use several cards a lot, as my wife and both have good salaries and carry very little cash, so we run quite a bit through our cards and pay in full at the end of the month. So my balances can get fairly substantial on multiple cards, but the limits are high so %utilization remains low (and the balances never get carried over to the next month).

EX is the only one of the three that says "no negative factors" and gives me a score over 800, the other two give me scores between 780 and 800 with remarks about total balance on revolving accounts and number of accounts carrying balances.

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[jaysdad2k]

If my original loan amount was 11,006 and my current balance is 5,721 haven't I paid down almost 50% of my balance? Why would they ding me if the "high achievers" have only paid down 35%?

How does one dispute their math?

[marty56]

I will assume that they are reporting the balance correctly.  Do you know what your score was prior to opeing the loan.  I would call EX and ask about it.

Ofcourse it could be a Score watch glitch.  I might be tempted to wait till the bal;ance reports again then pull your EX score.

Message Edited by marty56 on 07-10-2008 04:21 PM