Understanding FICO® Scoring

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Valued Contributor
Stonemanmv
Posts: 1,246
Registered: ‎04-23-2013

Trans question

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‎10-16-2013 06:00 PM

I just pulled my transunion report and noticed a 15 point drop from 701 - 686. I don't understand there was 2 60 day lates that dropped off from the last report, UTL is the same nothing else different. I would have expected a rise

SIlver:

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SnackTrader
Posts: 1,563
Registered: ‎09-15-2012

Re: Trans question

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‎10-16-2013 06:03 PM

The dreaded rebucketing!!!

Are there still baddies reporting, or are they all gone?

In My Wallet: Amex BCP (12/12) $22.200, Chase CSP (4/14) $12,000, Barclaycard Arrival (5/13) $10,500, Citi Forward (12/12) $9,600, Cap1 Cash Rewards (6/12) $9,000, Chase Freedom (12/12) $5,000

Last App: April 2, 2014
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Stonemanmv
Posts: 1,246
Registered: ‎04-23-2013

Re: Trans question

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‎10-16-2013 06:09 PM

There's 4 paid tax liens that are 6 years old and one paid collection for medical that will come off next year. What's rebucketing?

SIlver:

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AndySoCal
Posts: 1,895
Registered: ‎04-07-2009

Re: Trans question

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‎10-16-2013 06:26 PM

Did any of the score reasons that is hurting your score change? IE the order listed or a new one

Equifax My FICO score 815 5/28/2012. Average of Accounts 12 years and no Installment accounts. MyFICO TU 810 6/26/2012 809 4/21/2013 MyFICO XPN -805. 2/26/2014 Discover TU FICO 813 App free since 9/2011
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Stonemanmv
Posts: 1,246
Registered: ‎04-23-2013

Re: Trans question

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‎10-16-2013 06:30 PM

No exactly the same.

SIlver:

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GFer
Posts: 978
Registered: ‎04-01-2008

Re: Trans question

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‎10-16-2013 10:44 PM

Contray to popular belief, bad tradelines count in AAoA as well as good standing accounts.


1/28/14 EQ 817, (6/30/14)EX 821, TU 817 on 6/13/2014

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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.

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