Help! Incorrect UT calculation: myfico.com problem or EQ problem?

[Anonymous]

So, I ran my EQ on myfico and almost puked...it DROPPED 32 points!!  I discovered that it's because an old CO is now showing as active and they're including it in the UT calculation.  It says my UT is 75% when it should be 36%.  I freaked out and popped for the other two reports, and they are showing correctly (with a 14pt increase on EX and 22 pt on TU!  yay!).  Who do I take this up with--myfico.com or EQ?

[Tuscani]

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twnkltoz wrote:

So, I ran my EQ on myfico and almost puked...it DROPPED 32 points!!  I discovered that it's because an old CO is now showing as active and they're including it in the UT calculation.  It says my UT is 75% when it should be 36%.  I freaked out and popped for the other two reports, and they are showing correctly (with a 14pt increase on EX and 22 pt on TU!  yay!).  Who do I take this up with--myfico.com or EQ?

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So the CO must only be reporting on EQ right? Otherwise, your TU and EX would not have increased with a new CO. Also, your beef should be with the CRA, not MyFico. MyFico simply generates a score with the information given. They are not responsible for information on your reports.

Also,  keep in mind, your three scores will rarely ever be the same. Work on getting the collection removed and you will bounce back.

[Anonymous]

It is reporting to all three, but EX and TU are calculating correctly.

[Tuscani]

Doesn't sound like they are if you gained points with a new collection.

What are your TL differences betweens all three reports?

[Tuscani]

Also, you are pulling your TU and EX scores from MyFico and not the CRAs right?

[Anonymous]

Correct--all three reports were from myfico.  That does make me think that it's an EQ problem, but I thought it might be a FICO calculation problem, like they're looking at the account wrong? 

[Anonymous]

Oh, sorry...it's not a new collection.  It's been there for a long time, but I think EQ is looking at it as current while the others are still disregarding it for UT purposes.

EQ: 568 (was 600)

EX: 600 (was 586)

TU: 634 (was 612)

At least my middle score stayed the same!

Message Edited by twnkltoz on 05-01-2007 11:17 AM

[Tuscani]

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twnkltoz wrote:

Oh, sorry...it's not a new collection.  It's been there for a long time, but I think EQ is looking at it as current while the others are still disregarding it for UT purposes.

EQ: 568 (was 600)

EX: 600 (was 586)

TU: 634 (was 612)

At least my middle score stayed the same!

Message Edited by twnkltoz on 05-01-2007 11:17 AM

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AH Ok. You had me scratching my head there.

[Anonymous]

So, with greater clarity...do I still need to talk to EQ?

[Anonymous]

Well, I called EQ, and they said it's showing as an open account.  But they're also showing it as a CO!!  Dumb***es.  She started an investigation...I hope it doesn't take forever!!  The "last reported" date updated, too...