topic Re: EQ FICO 684 in Understanding FICO® Scoring

EQ FICO 684

youngandcreditwrthy — Wed, 30 Jan 2013 18:51:24 GMT

So I'm a little bit flabbergasted...

My baddie was removed from EQ a couple of months ago.

My FICO was 688 when Discover approved me in October with the baddie...

Bah...I thought I was closed to 740:-(

Guess I'm really in the garden now :-(

Re: EQ FICO 684

djrez4 — Wed, 30 Jan 2013 19:05:00 GMT

You've been rebucketed. It will rise.

Re: EQ FICO 684

Anonymous — Wed, 30 Jan 2013 19:07:25 GMT

@djrez4 wrote:
You've been rebucketed. It will rise.

Rebucketed? what's that?

Re: EQ FICO 684

youngandcreditwrthy — Wed, 30 Jan 2013 19:11:33 GMT

I think maybe it means my scores have only dropped temporarily

Re: EQ FICO 684

tennisfan78 — Wed, 30 Jan 2013 19:17:14 GMT

how many inquiries did you have on EQ over the past year?

Re: EQ FICO 684

jake619 — Wed, 30 Jan 2013 19:22:52 GMT

When your credit profile changes because of events you are calculated against different scorecards. If you have a baddie and it drops off, you move to a different scoring criteria for profiles without baddies. That's a simple as I can put it. There are threads here explaining rebucketing in more detail.

Re: EQ FICO 684

Anonymous — Wed, 30 Jan 2013 20:08:35 GMT

I will see you in the garden, I am in the same boat as you are, it sucks but nothing time cant fix !!

Cheers John

Re: EQ FICO 684

chnceit — Wed, 30 Jan 2013 21:23:09 GMT

@Anonymous wrote:
I will see you in the garden, I am in the same boat as you are, it sucks but nothing time cant fix !!

Cheers John

+1 See you in the garden

Re: EQ FICO 684

Anonymous — Wed, 30 Jan 2013 21:40:06 GMT

It's going to be a garden party!

I'm there also now that I got approved for Amex.

I shouldn't be itchy for at least 6 months

Re: EQ FICO 684

Anonymous — Wed, 30 Jan 2013 22:17:03 GMT

I'm moving this from Credit Cards to Understanding FICO Scoring. I agree that you've most likely been rebucketed. You should be able to receive additional comments from UFS forum participants that may prove helpful to you.

Re: EQ FICO 684

calihlove75 — Wed, 30 Jan 2013 22:18:18 GMT

Don't feel bad because it will rise. EQ is very hard on me score wise. If I even look at an inquiry or a new account my EQ dives 20- 25 points. I have no idea why either. I'm in the garden.

Re: EQ FICO 684

llecs — Thu, 31 Jan 2013 03:57:19 GMT

OP, the only way you can be rebucketed is if you are now 100% baddie-free. Was that your last baddie?

Re: EQ FICO 684

Anonymous — Thu, 31 Jan 2013 06:39:23 GMT

@llecs wrote:
OP, the only way you can be rebucketed is if you are now 100% baddie-free. Was that your last baddie?

You sure about that I thought that there was diffrent buckets for major derogs and minor derogs

Re: EQ FICO 684

llecs — Thu, 31 Jan 2013 15:55:07 GMT

@Anonymous wrote:
@llecs wrote:
OP, the only way you can be rebucketed is if you are now 100% baddie-free. Was that your last baddie?
You sure about that I thought that there was diffrent buckets for major derogs and minor derogs

The buckets are a mystery, but it is known that there are at least two buckets within the FICO versions on here, one for major baddies (e.g. accts 90 or worse, CAs, COs) and another for PRs (liens, judgments, BKs, etc.). There might very well be a bucket for 30s or 60s, but if there is, Barry never shared it. So, if you have a CO or CA drop, but have another reporting, then you cannot change buckets. Likewise, if you have a BK reporting, you can never be rebucketed until the BK goes away. I don't know what's on OP's reports, or rather I never read through OP's history to see if anything else reports. If OP is open to sharing....

Also, another source of a score drop when a CO is removed is the loss of history and/or impact to AAoA. Another would be the impact to the mix and impact to util. It's possible to lose points when a TL is deleted in each of these scenarios. IMO, always keep rebucketing in mind, but only consider it if these things were explained away and the report is baddie-free.

ETA...I probably should add that OP is basing both scores on Beacon 5.0 and whatever FICO version Discover used. I don't think Discover uses the FICO version on here. So, OP might be comparing two different FICOs. IME, Discover never pulled EQ anyway so it might be two different reports being compared.

ETA again....I can think of one scenario personally where I believe I was rebucketed and still had some 30s and 60s reporting. I had a redeemed repo. As it aged around the 5-6 yr mark, the repo comment disappeared, but lates remained. This TL showed at least three 30s and three 60s and they were about 6 yrs old at the time. As a habit back in my pre-mortgage day, I pulled each FICO report the 15th, the last day of the month and again the next day on the first of the month. IME, most score changes occurred on the first as TLs age, AAoA potentially changes, baddies drop, etc. Anyway, I pulled my report the day before and the day after. There were zero changes and the lates remained at approx. 6 yrs, but my FICO score changed by 30+. I can't remember what direction though, not without going into my notes anyway.

There were changes to only 2 pages on my report. All balances, accounts, and dates on each TL remained the same. The changes were the two pages that have the positive/negative reasons. They all scrambled up. Positive became negative and negative became positive and that's a clear indicator of rebucketing. My oldest revolving hit 11.5 yrs that day and based on my existing bucket, I think that caused the rebucketing. This means that you can be rebucketed with older 30s and 60s because I wasn't in any bucket associated with them. Now I can't speak to newer 30s and 60s.

Re: EQ FICO 684

Anonymous — Thu, 31 Jan 2013 17:19:36 GMT

Any chance when that baddie dropped off you're AAoA went down?