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Have I been rebucketed? (sp?)

Frequent Contributor

Re: Have I been rebucketed? (sp?)


j_casteel wrote:

what is rebucketing?


Rebucketing refers to differences in the scoring algorithm based on a consumer's profile. For example, let's consider the number of revolving accounts. Consumers with 1 revolving account get one algorithm applied, 5 revolving accounts get another slightly different algorithm and 10+ revolving accounts get yet another scoring algorithm.

 

Those with 1 revolving account are lumped together in one scoring bucket, 5 account holders are in another bucket, 10+ account holders in a third bucket.



06/30/2017 - EX 807 (Credit Scorecard EX FICO® Score 8, range 300-850)
07/20/2017 - TU 819 (Discover TU FICO® Score 8, range 300-850)
07/25/2017 - EQ 842 (Citi EQ FICO® Bankcard Score 8, range 250-900)
GOAL - 800! - App free since 12/13/2015
Message 11 of 14
Valued Contributor

Re: Have I been rebucketed? (sp?)


j_casteel wrote:

forgive my ignorance, but what is rebucketing?


in the op's case,  he was so close to 700 with a collection and some lates so you would think he would be in the mid 700's with the derogs removed right?  well here comes rebucketing to ruin the day!

NFCU plat 5k | NAVCHECK 5k | NFCU cashrewards 15k | BOFA 123 6k |
Chase Freedom 1.5k | Amazon 3K | Walmart 3K | Buckle 300 | AMEX BCE 2.5K | CHASE CSP 12K | CITI sears 6k | Kay 2k

On the prowl for Chase Sapphire Preferred! APPROVED 12K!
scores 7/14 647 622 630 (85%util)
scores 8/14 767 760 758 Boom! finally in the 700 club
Message 12 of 14
Moderator Emeritus

Re: Have I been rebucketed? (sp?)

First off, remember to play nicely!!!!

 

It does sound like a case of rebucketing.  As I take it you've pretty much got all the negatives off you may have been rebucketed, also some accounts may have fallen off that actually were helping your AAoA.  Then again sometimes there's the gremlin affect cause I have no idea what's going on!

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!

June 2017 update: All scores over 820, just pure gardening now.
Message 13 of 14
Valued Contributor

Re: Have I been rebucketed? (sp?)

thanks for the explanations and that stinks.

Learning from my past and rebuilding..

BK discharged 1/10/17
scores: EQ 659 | TU 630 | EX 659

QS 3.8K | WF 500 | Cabela's 3k | ACU 500 |

Message 14 of 14