topic Re: Have I been rebucketed? (sp?) in Credit Cards

Have I been rebucketed? (sp?)

Repo-ed — Tue, 06 Nov 2012 15:28:33 GMT

In May my TU score through here was 680 - in August it went down to 655 - and today TU FICO quarterly through this site updated 650.

In May my TU score through Wal-mart was 651 - in August was 674 - in Sept. it was 692 - in October it went down to 685.

So right there you can see a 35 point difference between the two models.

My October EQ FICO via SW is 659.

I THOUGHT I was SO close to 700, then now I'm RIGHT back where I pretty much started in Februargy with all the collections, and 30-days. Now those have all been removed, my score is going down....

Re: Have I been rebucketed? (sp?)

TheConductor — Tue, 06 Nov 2012 16:02:12 GMT

How many apps since May? How many new tradelines? Where is your utilization at? What's your AAoA look like?

There are many factors that go into your FICO scores...they never just drop for no reason.

Re: Have I been rebucketed? (sp?)

Repo-ed — Tue, 06 Nov 2012 16:08:20 GMT

@TheConductor wrote:
How many apps since May? How many new tradelines? Where is your utilization at? What's your AAoA look like?

There are many factors that go into your FICO scores...they never just drop for no reason.

you're right. My scores were at their highest when I had collections, 30-days, more INQ, lower AAoA, and newer TL's.

Now that that stuff has fallen-off, my scores have gone down.

7% util, 5 INQ, and AAoA UP to 2.5 years.

Re: Have I been rebucketed? (sp?)

Anonymous — Tue, 06 Nov 2012 16:32:10 GMT

I dropped 20pts for no reason last month. Before I even added new tradelines. I feel I too may have been rebucketed.

Re: Have I been rebucketed? (sp?)

Repo-ed — Tue, 06 Nov 2012 18:13:55 GMT

hmm.

Re: Have I been rebucketed? (sp?)

TheConductor — Tue, 06 Nov 2012 19:30:14 GMT

What got deleted?

Perhaps your mix of credit is not as good after the deletions.

Also, when did you last pull reports for these CRAs? Is it possible new collections have appeared that you're not aware of yet?

Ultimately, what are you looking for from this thread? Sympathy, or understanding of why your score dropped?

If you're seeking sympathy, you've got it. Believe me, I know how much it sucks when you experience a setback after a lot of hard work to repair and rebuild your credit. Hang in there, it's a long-haul process and the short-term setbacks cannot prevent good credit habits from winning out in the end!

If you're seeking understanding, we need more information than you're giving. Give us the whole picture. I've never in my life had a score drop that I couldn't find an explanation for after considering the contents of my credit files.

Re: Have I been rebucketed? (sp?)

Repo-ed — Tue, 06 Nov 2012 20:18:05 GMT

eq pulled a week ago and tu this morning.

Conductor, ill have to kindly ask for you to perhaps skip over this thread. you seem a bit more vested in it, than myself.

thanks for your input, but ill take it from here.

Re: Have I been rebucketed? (sp?)

TheConductor — Tue, 06 Nov 2012 21:27:18 GMT

@Repo-ed wrote:
Conductor, ill have to kindly ask for you to perhaps skip over this thread. you seem a bit more vested in it, than myself.

Merely doing my best to help (and to understand what you would consider helpful), but as you wish. One does wonder at the point of creating a thread if you have little vested interest in it. Best of luck to you!

Re: Have I been rebucketed? (sp?)

Anonymous — Tue, 06 Nov 2012 23:37:59 GMT

@Repo-ed wrote:
eq pulled a week ago and tu this morning.

Conductor, ill have to kindly ask for you to perhaps skip over this thread. you seem a bit more vested in it, than myself.

thanks for your input, but ill take it from here.

don't understand the tone here. hes right that there usually is some fairly obvious cause when dealing with big score changes.

Re: Have I been rebucketed? (sp?)

j_casteel — Wed, 07 Nov 2012 02:36:19 GMT

forgive my ignorance, but what is rebucketing?

Re: Have I been rebucketed? (sp?)

brother7 — Wed, 07 Nov 2012 02:46:33 GMT

@j_casteel wrote:
what is rebucketing?

Rebucketing refers to differences in the scoring algorithm based on a consumer's profile. For example, let's consider the number of revolving accounts. Consumers with 1 revolving account get one algorithm applied, 5 revolving accounts get another slightly different algorithm and 10+ revolving accounts get yet another scoring algorithm.

Those with 1 revolving account are lumped together in one scoring bucket, 5 account holders are in another bucket, 10+ account holders in a third bucket.

Re: Have I been rebucketed? (sp?)

Anonymous — Wed, 07 Nov 2012 03:11:13 GMT

@j_casteel wrote:
forgive my ignorance, but what is rebucketing?

in the op's case, he was so close to 700 with a collection and some lates so you would think he would be in the mid 700's with the derogs removed right? well here comes rebucketing to ruin the day!

Re: Have I been rebucketed? (sp?)

Shogun — Wed, 07 Nov 2012 03:17:05 GMT

First off, remember to play nicely!!!!

It does sound like a case of rebucketing. As I take it you've pretty much got all the negatives off you may have been rebucketed, also some accounts may have fallen off that actually were helping your AAoA. Then again sometimes there's the gremlin affect cause I have no idea what's going on!

Re: Have I been rebucketed? (sp?)

j_casteel — Wed, 07 Nov 2012 03:20:46 GMT

thanks for the explanations and that stinks.