topic Re: Bust-Out Score in General Credit Topics

Bust-Out Score

W261w261 — Mon, 14 Jun 2021 01:14:43 GMT

In another thread a mod posted that the reason the OP's new card was canceled was possibly that he had run into a bust-out algorithm. So I read EX's 2 page promo for their bust-out score, which ranges up to 999. They claim substantial success in predicting bust-out behavior, and many of their markers sound a lot like the members of this forum. I can't see any other threads on this subject, so thought I would start one with a question. I assume I can't just ring up EX and say "What's my bust-out score?"

Re: Bust-Out Score

Remedios — Mon, 14 Jun 2021 01:16:10 GMT

Nah, you saw a short version, members here do not follow typical presentation for bust out fraud at all.

Locate longer white paper and you will see why.

Anyway, it's not a "score" you can get, it's a service provided for lenders to counter this particular type of fraud.

Re: Bust-Out Score

FinStar — Mon, 14 Jun 2021 01:27:58 GMT

In addition to the above, below is an older thread that discussed some of the info. Both TU and EX have White Papers on it.

https://ficoforums.myfico.com/t5/General-Credit-Topics/Bust-Out-Score/m-p/5116259