Why are some of my CO's figured into UTL, but not others

[valley_man0505]

I am completely bummed out now.  FINALLY, all 15 of my med collections and my PR have been deleted from TU, so I pulled my score for the first time in a long time expecting it to finally be over 600.  Nope.  572--9 points lower than it was 5 months ago (primarily because I have opened 4 new accounts since last time).  It is clear to me now that my only hope of getting this score up (other than time) is to take care of my $6000 CrapOne CO.  This is KILLING my score because it is being figured into my UTL and putting it at 106%.  This is where I get confused, though.  I have 3 CO's showing a balance on TU.  Two out of those 3 are figuring into my UTL, the 3rd one isn't.  Why do some count in UTL and others don't?  To complicate it even more, NONE of my CO's are counting in UTL on EQ or EX even though they are reported exactly the same to all 3 CRA's.  Something seems really screwy here. 

Just when you think FICO scoring can't be any more confusing...

[valley_man0505]

bump

[valley_man0505]

I still have not received an answer to this question.  I confirmed once again today that my CapOne CO is counting towards my UTL with TU but not with EQ even though they are being reported the same way to both.  As a result, my TU score (572) is 91 points lower than my EQ (663).  These are scores from myFICO. 

[fused]

CO's being reported by an OC that have a balance will factor in util calculations. Collections never factor in any util calculations. Some scum bag CAs will try and game the scoring formula and report a collection as a CO, to tank your scores. It's my understanding that FICO scoring, supposedly, will not recognize CAs who report a real collection as a CO, but I have been hearing that CAs have been doing this with success. I think it really stinks too.

[valley_man0505]

Here is what is confusing me, though.  On the reports pulled from myFICO, my TU UTL is shown as 106% under the factors that may be hurting my score.  However, my EQ UTL is showing as only 74% in this same section.  All account balance are reporting the same for my current revolving accounts and for my CO'd revolving accounts on both reports.  If anything, my TU UTL should be LOWER than my EQ UTL since I also have Crown Jewelers reporting a 0 balance and a $2500 CL on TU that is not reporting on EQ.

If I add up the balances of current accounts on EQ and divide by the total available credit, I get exactly 74%, which is the same as what the report is showing for my UTL.  However, if I do this same thing with TU, I get 40% (including Crown Jewelers).  The other 66% must somehow be coming from CO balances even though CO's are NOT being included in the UTL value shown on EQ.

Even more confusing, in the Credit At A Glance section, my EQ report is showing my total revolving balance as $7866.  This ends up being the same as my total current revolving balance (2218) + the CapOne CO (5648).  However, only the $2218 from my current revolving accounts appears to used in the UTL calc. 

Message Edited by valley_man0505 on 01-26-2009 12:35 PM

Message Edited by valley_man0505 on 01-26-2009 12:36 PM

[RobertEG]

I would agree with the analysis offered by fused.  Adding to that, I would speculate that the OC has turned the account over to a CA, and has not zeroed the balance owed to them with all three CRAs.  I would anticipate, as the smoke clears, a dunning letter from a CA, and/or a post of their collection activity in your credit file.

You will then have not only the CO to deal with, but a CA.

Call the OC and find out what they are doing!

[valley_man0505]

Possibly.  However, this has been going for over a year.  Also, I made the mistake of disputing my CO's early last year because I didn't think the balances could possibly be right since they were so much higher than when they were CO'd (didn't know they could keep adding interest and late fees after CO).  They were all verified and updated, so, assuming the verification process was done properly (big assumption, I know), they should all be reporting accurately.  Two out of the four CO's showing up are still with the OC for sure because I have had direct contact with one of them (Discover) and the other one (CapOne) continues to update each month. 

It all just seems really strange.

Message Edited by valley_man0505 on 01-27-2009 06:09 AM