Reply
Moderator Emerita
Community Leader
Epic Contributor
haulingthescoreup
Posts: 28,098
Registered: ‎04-01-2007
0

Re: FICO Scoring Buckets (or "Scorecards")


athensguy wrote:

ilovepizza wrote:

jbh wrote: I read that there is really no such thing as an 850 score. This was a quote from a spokesperson who worked at Fair Issac.
That would be cruel. I'd be playing a game with no possible ending.
Au Contraire, it will be over you just won't realize it :smileywink:


No closure in FICO scoring, lol.
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Super Contributor
marty56
Posts: 5,696
Registered: ‎10-06-2007
0

Re: FICO Scoring Buckets (or "Scorecards")



ilovepizza wrote:
That would be cruel. I'd be playing a game with no possible ending.

That depends on your end game.
My primary goal was to get the best autoloan rate at my CU that I could which I have accomplished.
 
My next goal is to break 800 which I have to wait for 4 years for my 120 day late to fall off.
 
My final goal is to be the only  member of the 800 club here to be denied by BofA for a credit card and have a BofA checking account with 1 dollar in it which just sits there.  I will use the night deposit box and leave a deposit slip with the words: Maybe next month on it.
 
Okay maybe I wont do the last one but is fun to thank about it.
11/28/2014 FICO: EQ: 796 EX:788 TU:803
Senior Contributor
ilovepizza
Posts: 3,071
Registered: ‎05-17-2007
0

Re: FICO Scoring Buckets (or "Scorecards")

I found 10 scorecards for "Classic" TU model for 2/2004 (page 25). I was not able to find a number of scorecards for Eq and Ex.
If we never set higher goals we would never get as far.
sol, credit 101, acr, abbreviations, calc
Senior Contributor
ilovepizza
Posts: 3,071
Registered: ‎05-17-2007
0

Re: FICO Scoring Buckets (or "Scorecards")

[ Edited ]

Boscoe wrote:
FICO Scoring Buckets (scorecards
#8 - 5-12 years oldest TL
#9 - 12-19 years oldest TL




ilovepizza wrote:
I reviewed today 2 CRs with 0 negs, both with oldest accounts just 12 yrs old. They had different number of inqs and different number of total accounts. Neither were thin files. Both had installments and revolving accounts.

CR #1 was in bucket "X" (better quality bucket), avg age turned 7+ years and oldest account 12 yrs.

CR #2 was in bucket "Z", (lower quality bucket) had -6 years avg age and oldest account was 12 yrs.

They acted different on the sim so I suspect different buckets. CR #2 was older with more accounts too.


I would just like to update my post. After going over these 2 credit reports again (for 4 hours I might add) I noticed a very big difference that would cause one to be treated differently. I sometimes see this happen. It's rare so it's easy to think they are different buckets but now I think they are the same bucket just different factors changes them a little. Just because they are scored differently does not rule out in these few cases that they are actually in the same buckets. When I find CRs that have all the same stuff with out some factors they act the same. Then I thought these factors were a bucket them selves but age and other stuff are not acting different which would place them all in the same bucket after all most likely. This was a night of some serious number crunching. Please continue on your bucket age theory.

Message Edited by ilovepizza on 08-29-2008 03:59 AM
If we never set higher goals we would never get as far.
sol, credit 101, acr, abbreviations, calc
Valued Contributor
notfancy
Posts: 3,679
Registered: ‎11-23-2013
0

Re: FICO Scoring Buckets (or "Scorecards")

bumping this post so A) I don't lose it again, and B) so people that have had no other changes on their credit report can see this and maybe it will answer their questions about why the heck their score randomly changed. :smileyhappy:

625 EQ FICO Current Score: 660 DCU EQ FICO/ 645 Scorewatch EQ FICO , EX FICO 664, TU FICO 737 (08/2014)
Goal Score: 700   Seedling again as of 07/29/14
Frequent Contributor
New_Beginning
Posts: 255
Registered: ‎06-26-2014
0

Re: FICO Scoring Buckets (or "Scorecards")


notfancy wrote:

bumping this post so A) I don't lose it again, and B) so people that have had no other changes on their credit report can see this and maybe it will answer their questions about why the heck their score randomly changed. :smileyhappy:



Thanks for bumping this....however I am confused on how to determine which bucket I fall in. I have 19 years of credit but I also have lates upward of 150 days from 2008 / 2009. Am I in the negative bucket or the age bucket or both???


Starting Score: EQ 615 (MyFICO) TU 588 (Walmart) EX 576 (EX Website) Started this journey 06/26/2014
Current Score: EQ 636 (MyFICO) TU 615 (Walmart) TU 628 (MyFICO) EX 636 (MyFICO)
Goal Score: 750 or higher across the board

Take the myFICO Fitness Challenge
Moderator
Revelate
Posts: 9,762
Registered: ‎12-30-2011
0

Re: FICO Scoring Buckets (or "Scorecards")


New_Beginning wrote:

notfancy wrote:

bumping this post so A) I don't lose it again, and B) so people that have had no other changes on their credit report can see this and maybe it will answer their questions about why the heck their score randomly changed. :smileyhappy:



Thanks for bumping this....however I am confused on how to determine which bucket I fall in. I have 19 years of credit but I also have lates upward of 150 days from 2008 / 2009. Am I in the negative bucket or the age bucket or both???


Nearly 100% certain that there's a clean bucket, and q.e.d there's dirty buckets based on derogatories (and anecdotal evidence), AAOA (maybe) or total age (probably not) hard to say, as AAOA would work just fine as it's calculated seperately in the algorithm and as such might not add much value to including as a bucketing factor.  Not likely on total age as that's just earliest credit date, and 1 tradeline from 40 years ago and 39 from last month, is way different than 40 tradelines for 40 years.

 

Anyway everyone gets sorted into one bucket which is a combination of factors we just don't know what all those factors happen to be.

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 673, EQ 8 707, TU 720, EX 702* (09/02/14, EX older)
Goal Score: 700 on EQ '04 (01/01/15)


Take the myFICO Fitness Challenge
Frequent Contributor
New_Beginning
Posts: 255
Registered: ‎06-26-2014
0

Re: FICO Scoring Buckets (or "Scorecards")


Revelate wrote:

New_Beginning wrote:

notfancy wrote:

bumping this post so A) I don't lose it again, and B) so people that have had no other changes on their credit report can see this and maybe it will answer their questions about why the heck their score randomly changed. :smileyhappy:



Thanks for bumping this....however I am confused on how to determine which bucket I fall in. I have 19 years of credit but I also have lates upward of 150 days from 2008 / 2009. Am I in the negative bucket or the age bucket or both???


Nearly 100% certain that there's a clean bucket, and q.e.d there's dirty buckets based on derogatories (and anecdotal evidence), AAOA (maybe) or total age (probably not) hard to say, as AAOA would work just fine as it's calculated seperately in the algorithm and as such might not add much value to including as a bucketing factor.  Not likely on total age as that's just earliest credit date, and 1 tradeline from 40 years ago and 39 from last month, is way different than 40 tradelines for 40 years.

 

Anyway everyone gets sorted into one bucket which is a combination of factors we just don't know what all those factors happen to be.


Thanks!


Starting Score: EQ 615 (MyFICO) TU 588 (Walmart) EX 576 (EX Website) Started this journey 06/26/2014
Current Score: EQ 636 (MyFICO) TU 615 (Walmart) TU 628 (MyFICO) EX 636 (MyFICO)
Goal Score: 750 or higher across the board

Take the myFICO Fitness Challenge

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}