Frequent Contributor
suzook1
Posts: 290
Registered: ‎08-29-2011
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
Datx
Posts: 1,051
Registered: ‎05-20-2010
Re: Walmart score drop......**bleep**

Rebucketing perhaps?

TU: 603 – EQ: 569 – EX: N/A – May 2010

Frequent Contributor
suzook1
Posts: 290
Registered: ‎08-29-2011
Re: Walmart score drop......**bleep**

could you explain what that means?

Frequent Contributor
E150GT
Posts: 371
Registered: ‎12-30-2012
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- $18k
EQ-742 EX-702 TU-737
Community Leader
Senior Contributor
myjourney
Posts: 25,562
Registered: ‎02-07-2013
Re: Walmart score drop......**bleep**

Maybe your balances haven't updated yet....next month will be better i bet:smileywink:

"Intelligence plus character--that is the goal of true education"
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Last 5 apps 6/6/13
Frequent Contributor
suzook1
Posts: 290
Registered: ‎08-29-2011
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
Datx
Posts: 1,051
Registered: ‎05-20-2010
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

TU: 603 – EQ: 569 – EX: N/A – May 2010

Contributor
soILseminole
Posts: 80
Registered: ‎01-17-2013
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
dddewdrop
Posts: 1,060
Registered: ‎02-06-2013
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/

0/10001100/13001346/16001699/2000Prepaid ,,Recent scores:FICO EX 632,EQ 635,TU 632...Link to my Rebuild Log