re-bucketing :(

[Anonymous]

Well I had my final and last CA removed from my CBR today and my score dropped 20 points..I put in a lot of hard work rebuilding my credit only to have to start over again.

I had no idea about re-bucket, but after reading I think that's what has happen to me bummer.....

By the way the CA was only 7 months old so I don't think AaoA has anything to do with it!!!

[GregB]

What are the reasons in "Understanding your Score" section of your FICO report? Can you list the negatives and positives?

I'm assuming Collections was #1 on the old report. If it is now gone then you have moved to a different bucket that will let your score go up faster.

[laz98]

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@GregB wrote:

What are the reasons in "Understanding your Score" section of your FICO report? Can you list the negatives and positives?

I'm assuming Collections was #1 on the old report. If it is now gone then you have moved to a different bucket that will let your score go up faster.

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AHA!  so that's what happened to me!  thanks for posting this.  i thought my score dropped solely to AAoA; i didn't consider rebucketing at all.

[Anonymous]

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@GregB wrote:

What are the reasons in "Understanding your Score" section of your FICO report? Can you list the negatives and positives?

I'm assuming Collections was #1 on the old report. If it is now gone then you have moved to a different bucket that will let your score go up faster.

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Thank you GregB for the super quick reply. Sorry I wasn't home to post back.

After some research I guess it could be my AAOA or Re-bucket either one wouldn't be that bad of a thing to deal with now that I have researched them, but here is two reports one from 12/17 and the other from 12/28

December 17,2011:

Hurting your score

1. Collection

2. Short account history (oldest account 2 years AAOA 11 months)

3. High credit usage

4. Recent collection

Helping your score

1. No missed payments

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December 28,2011

Hurting your score

1. Short account history(Oldest account 2 years AAOA 10 months)

2. High credit usage

3. Seeking credit

4. Short revolving history

Helping your score

1. No missed payments