Credit Cards Center Credit cards from our partners
Reply
Frequent Contributor
Posts: 290
Registered: ‎08-29-2011
0

Walmart score drop......**bleep**

sorry to rant beyond the april walmart tu score but man I am just FIRED UP. I have been building and building and last month had a 683 prior to paying down over 10k in debt. combined that with no baddies, etc etc I was looking forward to jumping well over 700 this month. Well I open up the newest report.... BAM I dropped 31 points. No new inq nothing. What in the blue blazes is up with that. Pay 10k down, util goes down and we reward you with a 31 points drop. completely and utterly deflated.

Valued Contributor
Posts: 1,159
Registered: ‎05-20-2010
0

Re: Walmart score drop......**bleep**

Rebucketing perhaps?

CH7 Discharged: 4-14-16
Rebuilding in Progress.....
May 2016 - EX: 594, TU: 582, EQ: 619
July 2016 - EX: 629, TU: 600, EQ: 622
Frequent Contributor
Posts: 290
Registered: ‎08-29-2011
0

Re: Walmart score drop......**bleep**

could you explain what that means?

Frequent Contributor
Posts: 371
Registered: ‎12-30-2012
0

Re: Walmart score drop......**bleep**


Datx wrote:

Rebucketing perhaps?


Whats that?


CSP-$8700, Amex BCE-17.2k, Chase Freedom-$5700
Discover It-$6600, USAA MC-$5900 Ink Bold- $12k United Explorer-$5k
Community Leader
Senior Contributor
Posts: 30,749
Registered: ‎02-07-2013
0

Re: Walmart score drop......**bleep**

Maybe your balances haven't updated yet....next month will be better i betSmiley Wink

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Frequent Contributor
Posts: 290
Registered: ‎08-29-2011
0

Re: Walmart score drop......**bleep**

many of them have though. And my balances from last month have only dropped. So I am just baffled why the big score drop

Valued Contributor
Posts: 1,159
Registered: ‎05-20-2010
0

Re: Walmart score drop......**bleep**

I'm not saying that your drop in score is caused by rebucketing, but its a possibility. Do a search on the forum for rebucketing and it will better explain to you what it means. Below is a thread on rebucketing as an example.

 

Link

CH7 Discharged: 4-14-16
Rebuilding in Progress.....
May 2016 - EX: 594, TU: 582, EQ: 619
July 2016 - EX: 629, TU: 600, EQ: 622
Highlighted
Contributor
Posts: 80
Registered: ‎01-17-2013
0

Re: Walmart score drop......**bleep**

that doesnt make sense. i dont know about rebucketing, but are you 100% sure nothing else has changed AND your balances were updated??
Current: |MyFico TU-766| |MyFico EQ-737| |Amex EX-736| (May '13)
Valued Contributor
Posts: 1,084
Registered: ‎02-06-2013
0

Re: Walmart score drop......**bleep**

Rebucketing or the FICO concept of scorecards refers to the FICO scoring system grouping people into different categories and then the model switching from category to category. If you switch which scorecard is being used to evaluate your report then the scoring model can change and you can lose or gain points in somewhat unpredictable ways....

 

Here is an article...

 

http://www.mint.com/blog/credit/how-does-fico-calculate-your-credit-score-062012/

259/21001600/16002400/25002000/2000,2013 Scores (Initially none cause I had no credit at all then TU:519 Recent scores:FICO EX 632,EQ 635,TU 659....Link to my Rebuild Log

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.