I was actually comparing the data because Fair Isaac AGAIN totally screwed up when it changed to a completely new and confusing report format in late April 2007.
They mixed up what little data they actually include on their myFICO reports.
The Fair Isaac geniuses managed to confuse the Date of Last PAYMENT with Date of Last ACTIVITY ("DLA") (highlighted YELLOW )
Equifax uses the DLA as the date to determine when an account will be DELETED. Obviously, that has NOTHING to do with the date of the last payment.
All data highlighted in GREEN is NOT reported by Fair Isaac.
-- update, I noticed that the "Status as of ..." in the upper right corner of the myFICO report coincides with the "date reported" on Equifax. So it IS there, just under a totally different name. And to confuse consumers even more, they used the word "status", which is an important field with Experian and has been used in the past on myFICO reports with collections.
1) Fair Isaac claims that only the data on the myFICO reports is utilized in the FICO scores.
2) Assuming that's true, it is important that consumers understand that they only need to dispute data that's actually used in FICO scores.
Disputing incorrect or missing data especially for closed accounts will OFTEN result in lower FICO scores because these accounts are permanently deleted upon dispute.
3) The FCRA requires that ALL data in the consumer's credit file must be disclosed .
It is helpful to only have to focus on what little data FICO scores utilize.
myFICO reports should contain all data, but the data utilized in FICO scores should be highlighted or otherwise identified.
Even better, Equifax should eliminate the data that's only there to confuse consumers or to be used for lead generation.
Legislators ought to mandate that ALL credit reports use identical field labels and limit the data reported.
NOBODY should have to pay me to explain the credit reports and to recommend what to dispute and what NOT to dispute.