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How do you know you got rebucketed?
I don't think you were rebucketed. That alert is a score alert and everyone receives that absent a specific credit alert. Also rebucketing usually involves much more in the way of points lost (or gained).
Since you have SW, you can narrow out several reasons that led to the loss like added accts, added inquiries, increased balances, etc. But there are quite a few things that could have changed on your EQ report that could have led to a 7 point drop. In the scheme of things 7 pts isn't much (I know it doesn't seem that way when apping for a mortgage), and there are things that could have changed that could have led to a 7 pt drop. The following could have dropped your scores -AND- wouldn't have resulted in a credit alert:
Aside from the above, you also said your mid-score dropped. Are you certain it was the same CRA that was being considered both times, namely EQ?
So got some request back from Lender no biggie looking for explanation for collections and bank statments also requested rental verification and last 12 cleared rent checks. Scores still dont show as updated but to be safe I got my credit card company to fax me letters stating the balance and limit on letterhead. Apparently my lender offers rapid rescore services but it didnt seem like they had any issues. Looking for conditional commitment tommorrow and still close the 19th. Hopefully this doesnt get tied up at the USDA office. Does anyone have experience with Rapid rescore during the loan process?
You'll find more with experience over in Mortgage Loans. YOu may want to ask the rapid rescore question there.
I am going through a similar situation and prior to attempting a rapid rescore through my lender I have been calling my cc companies to find out if they would do a requested mid cycle update.
HHGregg: will fax letter of new balance to lender (allowing them infomation to initiate rapid rescore)
HSN: same
Capital One: same
US Bank: same
PayPal Smart Connect: will email or FAX letter of new balance to myself or lender (allowing info. to initiate rapid rescore
HERE"S THE GOOD ONE!!!
DISCOVER: will do a mid cylce update upon request! Just have to call them to initiate it! SIMPLE< SIMPLE<SIMPLE!!! And I did not have to go through a zillion channels to get response!!
Of course I have heard that it can take EQ (my mid score) 5-7 days after reporting to update accordingly!
We'll see!
Are sure that mid score is still the Equifax score and different bureau?