Reply
Frequent Contributor
Posts: 425
Registered: ‎05-16-2012
0

Ranking change?

[ Edited ]

I was moving up the ranks, made it to "Valued Member" and just received notice I was moved back to "New Contributer" .. is this the progression or was I set back to the start??

 

"Congratulations, seigex!

As the result of your contributions to the community, you have earned a new rank. Your new rank is New Contributor."

Lender Pull (11/3/12) FICO EX: 740 EQ: 680 TU: 702

NFCU VISA $17.5k / USAA AMEX $6k / USAA AMEX $4k / USAA VISA $4k / CHASE FREEDOM $3k / Capital One $500
Administrator
Posts: 1,004
Registered: ‎03-24-2010
0

Re: Ranking change?

Moving from Valued Member to New Contributor is actually a rank increase.  :smileyhappy:


Scroll over cards for limits and APR's. Total credit available $44.8K, utilization 12%, FICO score 752 (rebuilt from low score of 540 in May, 2005) Entered the garden 11/5/2013; In the Garden until 02/2016



Valued Contributor
Posts: 2,982
Registered: ‎02-09-2012
0

Re: Ranking change?


seigex wrote:

I was moving up the ranks, made it to "Valued Member" and just received notice I was moved back to "New Contributer" .. is this the progression or was I set back to the start??

 

"Congratulations, seigex!

As the result of your contributions to the community, you have earned a new rank. Your new rank is New Contributor."


http://ficoforums.myfico.com/t5/User-Guidelines-General/Coming-Soon-New-Member-Ranks/td-p/951100

5/2012: 560 credit scores across the board and $500 secured CC
12/2014: 750+ scores across the board and $80k in revolving credit

Get those baddies removed!!!
Frequent Contributor
Posts: 425
Registered: ‎05-16-2012
0

Re: Ranking change?

thank you then! I retract my question... I guess the word "new" threw me off :smileyhappy:

Lender Pull (11/3/12) FICO EX: 740 EQ: 680 TU: 702

NFCU VISA $17.5k / USAA AMEX $6k / USAA AMEX $4k / USAA VISA $4k / CHASE FREEDOM $3k / Capital One $500
Frequent Contributor
Posts: 425
Registered: ‎05-16-2012
0

Re: Ranking change?

Just realized why I got moved to from "Valued Member" to "New Contributer"... BUCKETING!

 

 


p- wrote:

ShanetheMortgageMan wrote:

I am intrigued with the new algorithm.


MyFico is keeping the details under wraps.  From what I understand your ranking is baset on "bucketing".  Items in your Board file such as AAOP (average age of posts), number of posts, utilization (percentage of posts used relevantly), and negative accounts (posts deleted or edited for violating terms) are used to come up with a risk assesed profile bucketing you with other users that have a similar scorecard.

 

These buckets are then divided up into the scoring models, with some buckets limited as to how high they can score.  As your profile changes, you can be moved from one bucket to another, or one branch to another, changing your overall score.  That being said, no one really knows exactly how these algorithms work, and the information above has a high chance of being made up.

 

 


 So it turns out, I was moved into the new bucket, and I have to start back over as a "New" Contributer... makes sense now :smileyindifferent: :smileyvery-happy:

Lender Pull (11/3/12) FICO EX: 740 EQ: 680 TU: 702

NFCU VISA $17.5k / USAA AMEX $6k / USAA AMEX $4k / USAA VISA $4k / CHASE FREEDOM $3k / Capital One $500
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.

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.