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10 year old BK now gone, but score drops

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llecs
Moderator Emeritus

Re: 10 year old BK now gone, but score drops

Very much acknowledged. Roughly 12 buckets in the versions on here. The newer ones added a couple more.

Message 11 of 13
compassion101
Established Contributor

Re: 10 year old BK now gone, but score drops


@llecs wrote:

Very much acknowledged. Roughly 12 buckets in the versions on here. The newer ones added a couple more.


Thanks llecs. Do you have any link or article where they have acknowledged it. I'd like to see what they say about it.

 

12 buckets in the versions here, you mean the TU98 or whatever it is?

 

 

 

 

 

Message 12 of 13
llecs
Moderator Emeritus

Re: 10 year old BK now gone, but score drops

Here's a decent article:

 

http://www.bankrate.com/finance/credit-cards/how-scorecards-affect-credit-scores.aspx

 

If you go to fico.com and search "scorecards" (aka buckets), you'll see more technical info on the scores, including mentions of the two added buckets for newer models.

Message 13 of 13
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