what is up with MYFICO today???

[damnedanddetermined]

I PIF a personal bank loan over a month ago...EQ, TU, and EX are all reporting 0 balance..(called and confirmed as well) but MYFICO insist on reporting a balance and I just got dinged 16pts...WTH?

[securingourfuture]

I know - EXP credit tracker shows a 6 point increase.  That was 2 days ago.  No update here yet. 

[damnedanddetermined]

update* called MYFICO...explained to them that THEY are reporting it WRONG....that I had called EQ,TU, and EX and verified that there was NO balance...myfico says"you need to file a dispute".....WHAT?!!?  Im NOT disputing the 3 CB...its MYFICO thats screwed up!!!

[damnedanddetermined]

Does anyone know how to get myfico to report correctly?? They are showing a loan with a balance which is incorrect. Called all 3 CB and they report 0 balance, but cant seem to get myfico to correct this. Myfico tells me to file a dispute?!!? With who?? CB are reporting correctly..who do I file a dispute with? Oh and did I mention Im in the middle of a mortgage app and they just tanked my score for 16 pts???

[MarylynMonroe]

If your credit reports are reporting correctly, you should be fine. How long have you been having this issue?

[damnedanddetermined]

Marilyn, this is the first time this has happened. Buy myfico doesnt seem to want to help to correct it, although they have no problem taking my 29.95 every month!!

[Anonymous]

This doesn't make sense. Did you just buy a new credit report today? MYFICO seems to take 2-5 days to update account info if you subscribe to their monitoring service.

If you've just purchased a report, it will show up to the minute what the 3 agencies are reporting because that report is based on data pulled from EQ, TU, EX within 30 seconds of when you clicked "BUY"

MYFICO doesn't actually "report" anything... They just shuttle data directly from the 3 agencies into their formula/model and spit it right back out in the form of FICO scores.

[damnedanddetermined]

It has been corrected...(YAY)))

[Anonymous]

How long has it been at a 0 balance?

[NRB525]

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@damnedanddetermined wrote:

Does anyone know how to get myfico to report correctly?? They are showing a loan with a balance which is incorrect. Called all 3 CB and they report 0 balance, but cant seem to get myfico to correct this. Myfico tells me to file a dispute?!!? With who?? CB are reporting correctly..who do I file a dispute with? Oh and did I mention Im in the middle of a mortgage app and they just tanked my score for 16 pts???

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If the Bureaus all report it correctly, it should be fine with the mortgage scoring.

How are you determining the 16 pt gap, and which scoring method are you measuring that gap on?