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Did anything change? Balances? Lates? Paid anything off?
Are the scores you posted from CK? If so, you can ingore them.
@Anonymous wrote:Are the scores you posted from CK? If so, you can ingore them.
You can definitely ignore CK scores, but one thing that might have caused the apparent plummet is that CK recently changed its TU from a TransRisk (FAKO) score to a Vantage 3 (which is only semi-FAKO, as some banks do use it), so your most recent score probably isn't using the same model as your earlier ones.
Maybe rebucketting?
Did you AAoA just cross a certain mark on TU?
@MoreRewards wrote:
What is rebucketting?
I was planning to write a long post on this, but one other thread distracted me
In short, rebucketing happens when your credit profile reaches a certain level of maturity that the impact of certain credit scoring factors change.
For example, if your credit history is 2 years old, having 3/4 credit cards reporting positive balances may not suggest a high risk level, so your FICO score may be 750. But when your credit history reaches 5 years old, suddently 3/4 credit cards reporting positive balances indicate a high risk level, so your FICO score drops to below 700. So even if the credit profiles are the same otherwise, the second one may warrant a lower FICO score.
@HiLine wrote:
@MoreRewards wrote:
What is rebucketting?I was planning to write a long post on this, but one other thread distracted me
In short, rebucketing happens when your credit profile reaches a certain level of maturity that the impact of certain credit scoring factors change.
For example, if your credit history is 2 years old, having 3/4 credit cards reporting positive balances may not suggest a high risk level, so your FICO score may be 750. But when your credit history reaches 5 years old, suddently 3/4 credit cards reporting positive balances indicate a high risk level, so your FICO score drops to below 700. So even if the credit profiles are the same otherwise, the second one may warrant a lower FICO score.
That makes no sense. I mean, no doubt what you said is probably accurate but I don't get it? So a longer history with everything still positive they just yank your score down? For no reason oher than a longer history? I must be missing something.