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Bankruptcy Score??

tag
Anonymous
Not applicable

Bankruptcy Score??

I received my score report due to applying for a mortgage and on the report it listed a Bankruptcy score of 615 what is this score for? I've never heard of it.
Message Edited by credit4me on 06-05-2009 08:21 PM
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MattH
Senior Contributor

Re: Bankruptcy Score??


@Anonymous wrote:
I received my score report due to applying for a mortgage and on the report it listed a Bankruptcy score of 615 what is this score for? I've never heard of it.
Message Edited by credit4me on 06-05-2009 08:21 PM

A number of companies, including Fair Isaac, calculate "Bankruptcy Risk Scores" but unlike credit scores (1) no single company dominates this business and (2) none of those who do calculate such scores make them available to consumers.  So these are something like the "Wild West" that credit scores were in days of yore.

 

Here are a few articles about these scores:

 

http://moneycentral.msn.com/content/Banking/Yourcreditrating/P137322.asp

http://www.bankrate.com/finance/debt/do-you-know-your-bankruptcy-risk-score--1.aspx

http://www.associatedcontent.com/article/227478/your_bankruptcy_risk_score.html

http://www.creditcards.com/credit-card-news/bankruptcy-risk-score-1270.php

 

 

TU 791 02/11/2013, EQ 800 1/29/2011 , EX Plus FAKO 812, EX Vantage Score 955 3/19/2010 wife's EQ 9/23/2009 803
EX always was my highest when we could pull all three
Always remember: big print giveth, small print taketh away
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