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No change in Transunion Score from myFICO.com

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Anonymous
Not applicable

No change in Transunion Score from myFICO.com

Question ??

How come my TransUnion score stayed the same?
FACTS:

1)  TransUnion reports compared, 2/8/09 report and 5/9/09 report from myFICO.com

2)  CC were payed down 65% leaving utilization around 15% to 20% (credit limits remained same)

3)  Installment loans payed down 12%

4)  TransUnion score stayed same 723 from myFICO across the 3 month span (2/8/09 to 5/9/09)

5)  Recently sent updates to reporting agencies to update and correct report (does this freeze score?)

 

Could this be that everytime I log in there is a message as follows.....

 

Our apologies, an error has occurred...Thank you for visiting myFICO®,We are unable to process your request at this time. Normally, this is due to the system being busy. Please try again later today or tomorrow. We apologize for any inconvenience.

Thank you
myFICO® Customer Care

ANY IMPUT WOULD BE HELPFULL ...Thank you.:smileyhappy

 

Message 1 of 13
12 REPLIES 12
Anonymous
Not applicable

Re: No change in Transunion Score from myFICO.com

Apologies...

CC payed down 36%.....

All else remaining the same....hypothetically, score still should have went up......

Message 2 of 13
llecs
Moderator Emeritus

Re: No change in Transunion Score from myFICO.com

When are you receiving that error message? You mentioned when you log-in....did you receive that when you pulled a report in May? Or is this starting to happen recently? Do you have myFICO Quarterly monitoring?
Message 3 of 13
Anonymous
Not applicable

Re: No change in Transunion Score from myFICO.com

I have Score Watch and Quarterly Monitoring....and the error message always appears when I log in....

Could this be the problem?

Message 4 of 13
llecs
Moderator Emeritus

Re: No change in Transunion Score from myFICO.com

Despite the error message, you are still able to be logged in and pull a new report if you wanted to, right? Obviously you are able to hit the forums.
Message 5 of 13
Anonymous
Not applicable

Re: No change in Transunion Score from myFICO.com

To clarify...Regardless of the error message, I am always able to login and utilize the website to the fullest....It's that the error message always appears for me.......

 

I am just trying to figure out why my TransUnion score remained the same despite the positive changes reported from the 2/8/09 to the 5/9 report where my total CC debt was greatly reduced while everything else remained the same...

 

Thank you for your input by the way........

Message 6 of 13
llecs
Moderator Emeritus

Re: No change in Transunion Score from myFICO.com

I was trying to distance the error message with any report, or the lack of if applicable....

TU seems picky with util. For example, I am paying down massive amounts of debt and went from 80% to 45% in CC util and only saw a few points at best.

How many CCs do you have reporting as open? How many show on the May TU report w/ a balance? Does utilization show on page two of each report as a negative item? If so, what is that position (e.g. #1, #2, etc.)?

The installment util doesn't matter any. I recently went from 25% to 0% on my last installment with a drop in score on TU and a gain in score on EQ, both in the mid-single digits.

Message 7 of 13
Anonymous
Not applicable

Re: No change in Transunion Score from myFICO.com

Upon further review, my credit CC utilization went from 43% to 25% from 2/8 to 3/9.

On both reports, it shows as a negative #1 (high utilization). From what I have read in the past in FICO forums, under 30% utilizations is considered good......it now seems that keeping utilization under 10% is what will drive your score up.....

 

Also, 2/8 report shows 25 accounts with 5 having a balance and 5/9 report shows 24 accounts with 5 having a balance.... 

 

After reading your latest response, I have another question.

Do closed accounts with no balance, good history, and highest limit reported have a negative effect on scoring? 

 

Thanks again for your feedback......any suggested action plan from your experience would be greatly appreciated...

Message 8 of 13
medicgrrl
Valued Contributor

Re: No change in Transunion Score from myFICO.com

You may see an improvement by having fewer accounts reporting a balance.  Maybe put less towards the total of the cards and more towards paying off a few of them instead.  How many open cc's do you have?


EQ 778 EXP 782 TU 729
Message 9 of 13
llecs
Moderator Emeritus

Re: No change in Transunion Score from myFICO.com

Basically you went from 25% to 15% or 20% between March and May reports. That won't produce all that much of a change.

Try getting only one to report a balance and lower the balance reporting to under 9%. 30% is too high.

Closed OC accounts with no negative references only have a positive effect on your score in the long-run. Once reporting $0 and paid/closed, then they no longer are factored into utilization.
Message 10 of 13
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