No accountability

[Anonymous]

My Equifax Report (from MYFICO) indicates a reason for my FICO Score being impacted as "negative" (one of those cute red bars on the scale).  That reason is not true.  But when I question FICO, I get sent to Equifax.  When I question Equifax, guess what, they tell me there is no such "negative" and say it is a FICO issue.  When I question FICO on how there can be 7 reported accounts, with only 6 showing on my actual record (on MYFICO), tyhey say "dunno" and can't help.  So, thanks for helping to report a lower score and for helping to drive up my cost of credit.  No sense of ownership or accountability, shame on you, I wonder how many scores are reported wrong and how many lives you are impacting over time, like mine.

[haulingthescoreup]

Have you seen your full report, the one that you get directly from Equifax? The scores get crunched from what's on your reports, and if something is a bit off on the original report, you can get some strange results on the FICO score report, which is a secondary report.

What exactly is the negative comment?

[RobertEG]

Bob07, at the heart of your question is one that has puzzled me since I first became involved in reading and interpreting both credit reports and credt scores, and I have yet to receive a clear answer.

The CRAs contain the raw data that is run through the credit algorithms, and FICO (amongst others, and even the CRAs for Vantage scores) povided the software to then churn the CRA data through a scoring algorithm.  For simplicity sake, let me limit my discussion only to FICO/FairIsaac scoring algorithms.

OK, CRA data is fixed, and it is churned through the FICO algorithm, and a score is generated.

After that, then someone, somewhere, somehow generates all these comments associated with one's score, pointing out the good things and bad things, suggestions etc.

My question is, where do these comments come from?  Many are not applicable, and sometimes outright contradictory.  They obviously come from some other program that parrses the CR and/or score, and makes conclusions.  Are they produced directly by FairIsaac as part of their scoring package sold to the CRAs, are they generated by the CRAs independently, or are they purchased from the rear of a van parked behind the nearest 7/11?

Until ones knows the source of these comments/suggestions, they should be taken for what they are.

Does anyone know how these are tied to CRs and scores, and by whom?