Reply
Established Contributor
jordanmedical
Posts: 995
Registered: ‎04-08-2012

Re: Re-bucketing

Your credit score: 482
Date: 06/07/2012
Scores range from a low of 350 to a high of 850

 

Does this mean it is a FICO, got it from Credit One pre-qual.

 

If so, that's a drop of 31points.

-Rebuilding with Cap1 Secured: 300, CapOne Cash: $1k, NFCU Secured: 500, NFCU cashRewards $8.5K, NavCheck $2.5K, Wal-Mart: $1.1K, Sam's: $1.2K, Amazon: $1.5K, Apple Barclay: $3K, Haverty's: $1.5K, GE capital: $5K, Sears: $250(AU), PP MC:$1.5K, CareCredit:$3K
Starting Score: 492-TU04, 480-EX FICO V2, 467-EQ Beacon 5 (Via Mortgage PreQual March '12)
Current Score: EX,EQ,TU (lender pull): 652, 659, 689, Walmart TU FICO: 691 (05/13)
Goal Score: 700

Take the FICO Fitness Challenge

Moderator
llecs
Posts: 31,448
Registered: ‎08-04-2007

Re: Re-bucketing

It's not a FICO. Could be an internal score maybe?

Moderator
Revelate
Posts: 4,257
Registered: ‎12-30-2011

Re: Re-bucketing


llecs wrote:

It's not a FICO. Could be an internal score maybe?


Now I'm confused :smileywink:  Isn't 350-850 the traditional FICO score ranges?

 

Granted there's a real max which isn't 850 but I didn't think that had to be stated on a score report?  Also, with a Beacon 5.0 pull of sub 450 in April, might not a 480 be accurate?


Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 660, Wally TU 697, EX unknown (05/13/13)
Goal Score: 680 in all three (01/01/14)


Take the FICO Fitness Challenge
Moderator
llecs
Posts: 31,448
Registered: ‎08-04-2007

Re: Re-bucketing


Revelate wrote:

llecs wrote:

It's not a FICO. Could be an internal score maybe?


Now I'm confused :smileywink:  Isn't 350-850 the traditional FICO score ranges?

 

Granted there's a real max which isn't 850 but I didn't think that had to be stated on a score report?  Also, with a Beacon 5.0 pull of sub 450 in April, might not a 480 be accurate?



FICO is 300-850 vs. 350-850. And yes, FICO isn't a perfect 300-850, but I wouldn't think the bank, when they published the score range, would round the 300 up to 350.

Moderator
Revelate
Posts: 4,257
Registered: ‎12-30-2011

Re: Re-bucketing


llecs wrote:

Revelate wrote:

llecs wrote:

It's not a FICO. Could be an internal score maybe?


Now I'm confused :smileywink:  Isn't 350-850 the traditional FICO score ranges?

 

Granted there's a real max which isn't 850 but I didn't think that had to be stated on a score report?  Also, with a Beacon 5.0 pull of sub 450 in April, might not a 480 be accurate?



FICO is 300-850 vs. 350-850. And yes, FICO isn't a perfect 300-850, but I wouldn't think the bank, when they published the score range, would round the 300 up to 350.


Right you are, I was indeed confused and my quick GoogleFu failed me when I went looking.  Thanks illecs for the smack upside the head on my apparently mixing it up with the CE score or some other FAKO.

 


Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 660, Wally TU 697, EX unknown (05/13/13)
Goal Score: 680 in all three (01/01/14)


Take the FICO Fitness Challenge
Moderator
llecs
Posts: 31,448
Registered: ‎08-04-2007

Re: Re-bucketing

I get mixed up every now and then too. It seems like there's a FAKO with 350-850. Transrisk maybe? Def. not saying OP's was that though. Probably an internal score.


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.
www.myfico.com is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+