Bankruptcy and Buckets

[Anonymous]

I've been reading about scorecards in the main scoring forum, but the only thread about it I about buckets here is from 2008-2009.

I'm really curious what the veterans here might have noticed about scoring buckets. Is it true that public records such as BK stop affecting your score after two years? Would we all still be in dirty buckets due to IIB accounts? And what are some high scores with BK and IIB accounts still on your file? I suppose I could scan sigs, but I'm really interested in any BK-specific info about buckets.

[Scupra]

Bucketing is a very hard thing to figure out. Not sure if you have read through this thread , but I will leave it here for you. Great info

http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Buckets/td-p/783757

[Anonymous]

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@Scupra wrote:

Bucketing is a very hard thing to figure out. Not sure if you have read through this thread , but I will leave it here for you. Great info

http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Buckets/td-p/783757

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Thanks for the link. I did read that thread.

I'm really interested in anecdotal information as it relates to the guestimated score ceilings for the dirty buckets as discussed in the 5th post by Thomas_Thumb in this thread.

http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/SCORECARDS/m-p/4359411

[Anonymous]

The screen shot in the top post here is also really interesting to me.

http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Do-new-accounts-themselves-actually-drop-...

[Scupra]

Right there with you! I find this topic extremely interesting and have done some reading on it before.. I just think there is far too many moving parts to a credit profile to really track down the bucketing.

Now, do I think a BK stops affecting your score after 2 years? Absolutely not.. We can see this when a BK drops off after 10 years and the person receives a hefty score bump. My current EX score is the highest I've ever had, but I don't have any IIB accounts anymore.

[Anonymous]

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@Scupra wrote:

Now, do I think a BK stops affecting your score after 2 years? Absolutely not.. We can see this when a BK drops off after 10 years and the person receives a hefty score bump. My current EX score is the highest I've ever had, but I don't have any IIB accounts anymore.

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Yeah. I read that about public records, but it didn't make sense. Someone's speculations, I guess.

The scoring forum is so fascinating. I've just discovered it, and I'm totally immersed. The most interesting thing I learned today is that installment balances don't affect your mortgage FICO scores the way they affect your FICO 08s. Since I have high balances on co-signed student loans currently in deferment as well as my one reaffirmed mortgage, I'm thinking my mortgage scores have to be higher than the scores I've got right now. I will pull a complete report off My FICO once I hit 24 months. I'm thinking I want to wait another two years for a conventional loan, but it really will depend on my partner's employment, market values, and the equity in my condo.

[Scupra]

It is definitely a very informing section of the forums With all the research you're doing I'm sure you will be right on path when you pull your reports.