Buckets and Credit Scoring during Disputes?

[HD247]

As I mentioned prior, I disputed three old (almost 5 years) Charrge-off credit cards and in one day my equifax credit score dropped 55 points!.. All three cards are over 9 years old as well.  Is the reason the it dropped so dramatically was because I was placed in a different scoring algorithm?  They have since been removed as of this morning by Equifax themselves, and accounts went back to status prior to disputes.  Is the scoring bucket the main culprit here?

Thank you for any help or insight, have a home umder agreement and this drop killed me!

[guiness56]

When you dispute OC accounts, certain aspects of those accounts are removed from scoring during the dispute  Like payment history, CL and balances.  It can make your score go up or down.

There is no rebucketing involved in a dispute, just some things are removed from factoring into your score.

You say they have been removed.  Do you mean the disputes or the accounts? 

If the CO'd accounts were removed and you have no more major derogatories, you could have been rebucketed.

[HD247]

I had the disputes removed with the OC's that caused the 55 point drop.  I phoned EQ Executive Customer Service, (who was outstanding BTW), and she removed the disputes and put account to the status they were prior to the disputes.  Hasn't been 24 hours yet, so when might I see the update to the myfico credit score?

[guiness56]

It could take 7 - 10 days for the score update.

[I_SUFFER_FROM_FICO_ENVY]

What does "Bucket" and "rebucketing" mean?

Thanks

[DaveSignal]

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@I_SUFFER_FROM_FICO_ENVY wrote:

What does "Bucket" and "rebucketing" mean?

Thanks

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FICO groups people with similar credit profiles together and adjusts scoring factors to have different weights so as to give the best in the group higher scores in relation to the others.  Different people in different scoring brackets are not scored exactly the same.