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@poldies4 wrote:
Thanks!
I did pull my EQ & TU reports from myFICO. And everything on the reports is literally unchanged from last week's report where my score was 734. I have no negatives at all (no lates/collections/inquiries, etc.) on my reports. My credit limits are all the same (and are reported properly on the reports), I haven't added or closed any accounts.
I have about $3300 in payments that have been made but not reported yet - most of my cards don't report this early in the month.
The other reason I think it was rebucketing was because myFICO had the explanation that basically stated that this was the case: "you may have been moved from a group of people with newer credit to a group with older credit." I've just never had it happen before and I'm bummed my number went SO low. Hoping once that $3300 posts & I get my utilization below 30% this month, that my number will rebound even higher!
Unfortunately, except for things like having a PR or CAs, FICO keeps secret where each scorecard (or bucket) changes.
I just posted about a totally unexplained 27 point drop in my EQ FICO...from 726 to 699. The ONLY thing that is different now is that I'm aggressively paying down a credit line balance. I went from 75% utilization to 55%--which was improving my other scores! And one other thing--I now have a single hard pull on my credit. I didn't think only one inquiry could do that...
My oldest account is 6 years 9 months--average age is 3 years. is this rebucketing?
@rina_b wrote:I just posted about a totally unexplained 27 point drop in my EQ FICO...from 726 to 699. The ONLY thing that is different now is that I'm aggressively paying down a credit line balance. I went from 75% utilization to 55%--which was improving my other scores! And one other thing--I now have a single hard pull on my credit. I didn't think only one inquiry could do that...
My oldest account is 6 years 9 months--average age is 3 years. is this rebucketing?
Did you purchases 2 EQ FICO reports for the comparison?
Is there anything different on the 2nd and 3rd pages (the pos/neg items the help/hurt your FICO)? Look to see if they scrambled up.
Util the same?
Look on the accts page. Make sure nothing dropped or was added.
Look on the Credit At-A-Glance page. Changes there can lead to a FICO change.
Yea, I got confused too....but the above applies to you OP.
@poldies4 wrote:
Between my score being 731 & 703, the reports are absolutely identical, except for my Credit History went from 16 years 5 months to 16 years 6 months. The score was reported on a non-reporting day.
My CC utilization was exactly the same - everything is in the same order, exact number of accounts, no inquiries, I have no baddies. All of that taken with the explanation on the alert from myFICO leads me to rebucketing.
Ignore the SW comment from the alert. It's generic.
However, based on everything else there's a strong possibility of rebucketing.