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Established Contributor
cashnocredit
Posts: 1,030
Registered: ‎07-18-2009
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Re: Equifax score plummeted 31 point in a week!


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 have reestablished credit over the last couple years
so my moniker is, well, rather out of date.

WM Discover $1800, WF Plat 12k, Chase Freedom Siggy15k, Amex Plat (60k H/B), Citi AA EWMC 25k
Established Member
poldies4
Posts: 18
Registered: ‎03-09-2012
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Re: Equifax score plummeted 31 point in a week!

Uuuugggghhh!!! So I got another Score Watch update - I went from 734 allll the way down to 703 (I think because of rebucketing - no changes other than quickly paying down credit cards, no negatives on my report otherwise). When it was 703 my CC utilization was 56% - it's now 49% (babysteps!) but my score only went up to 706.

I'm so frustrated that it seems the longer my credit history gets, the lower my CC utilization, the LOWER my credit score! WTH!?

I should have my utilization down to 40% by next month - hopefully lower - will I see any increase? Or do I have to wait until I get under 30% to see a bump?
No baddies - only high CC utilization - Goal of 800!
3/2012 EQ 707 76% CC utilization ~ 3/2013 EQ 731 TU 721 56% CC
4/2013 EQ 703 TU 731 56% CC utilization *rebucketed*
4/2013 EQ 707 TU 754 45% CC utilization
4/2013 EQ 721 TU 754 45% CC utilization
Established Member
rina_b
Posts: 12
Registered: ‎02-12-2013
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Re: Equifax score plummeted 31 point in a week!

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?

Moderator Emeritus
llecs
Posts: 32,869
Registered: ‎08-04-2007
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Re: Equifax score plummeted 31 point in a week!


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?

Established Member
poldies4
Posts: 18
Registered: ‎03-09-2012
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Re: Equifax score plummeted 31 point in a week!

[ Edited ]
Yes, I did purchase 2 reports. I basically purchase a report any time my score changes, lol - I have quite a collection!

ETA - oops, thought you were talking to me :smileyhappy:
No baddies - only high CC utilization - Goal of 800!
3/2012 EQ 707 76% CC utilization ~ 3/2013 EQ 731 TU 721 56% CC
4/2013 EQ 703 TU 731 56% CC utilization *rebucketed*
4/2013 EQ 707 TU 754 45% CC utilization
4/2013 EQ 721 TU 754 45% CC utilization
Moderator Emeritus
llecs
Posts: 32,869
Registered: ‎08-04-2007
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Re: Equifax score plummeted 31 point in a week!

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.

Moderator Emeritus
llecs
Posts: 32,869
Registered: ‎08-04-2007
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Re: Equifax score plummeted 31 point in a week!

Yea, I got confused too....but the above applies to you OP.

Established Member
poldies4
Posts: 18
Registered: ‎03-09-2012
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Re: Equifax score plummeted 31 point in a week!

@rina_b - I dont' know if you were rebucketed - I got an explanation from myFICO as to why my score went down to the effect of, "You may have moved from one category of users to another which will enable you to reach a higher score in the long run." That was paraphrased, but essentially described rebucketing in my case.

Did you have something like that?
No baddies - only high CC utilization - Goal of 800!
3/2012 EQ 707 76% CC utilization ~ 3/2013 EQ 731 TU 721 56% CC
4/2013 EQ 703 TU 731 56% CC utilization *rebucketed*
4/2013 EQ 707 TU 754 45% CC utilization
4/2013 EQ 721 TU 754 45% CC utilization
Established Member
poldies4
Posts: 18
Registered: ‎03-09-2012
0

Re: Equifax score plummeted 31 point in a week!

[ Edited ]
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.
No baddies - only high CC utilization - Goal of 800!
3/2012 EQ 707 76% CC utilization ~ 3/2013 EQ 731 TU 721 56% CC
4/2013 EQ 703 TU 731 56% CC utilization *rebucketed*
4/2013 EQ 707 TU 754 45% CC utilization
4/2013 EQ 721 TU 754 45% CC utilization
Moderator Emeritus
llecs
Posts: 32,869
Registered: ‎08-04-2007
0

Re: Equifax score plummeted 31 point in a week!


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.


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