HUH? Gotta be the wrong link!! And, I was sooo looking forward to more info on buckets & scoring!!!
Message Edited by sunrise on 01-09-2008 01:18 PM
sunrise wrote:HUH? Gotta be the wrong link!! And, I was sooo looking forward to more info on buckets & scoring!!!
Message Edited by sunrise on 01-09-2008 01:18 PM
It's in there --it just pops up with the graph page. Arrow back two pages, and there's some text supporting the graph.
It's a bit dated, so I don't know how reliable the numbers are. And I'm a little concerned that it seems to equate buckets with score ranges, whereas there's more going on in bucket assignment than that (length of credit history, presence of a serious derog, and so forth.)
But I completely understand trying to find any explanation! --the whole bucket thing is kind of hard to grasp. I find it easier to think of buckets as credit peer groups, clumps of people with characteristics kind of like your own. You may be in better shape than many of them, or you may be worse off, but you share a lot of characteristics --oldest account 8 - 12 years old and one collection, for instance. (And I am COMPLETELY making up that example!!)
But wow, I have to applaud the tenacity that dug that citation up! And I almost have my head aligned up-and-down again.
It's a bit dated, so I don't know how reliable the numbers are. And I'm a little concerned that it seems to equate buckets with score ranges, whereas there's more going on in bucket assignment than that (length of credit history, presence of a serious derog, and so forth.)
But I completely understand trying to find any explanation! --the whole bucket thing is kind of hard to grasp. I find it easier to think of buckets as credit peer groups, clumps of people with characteristics kind of like your own. You may be in better shape than many of them, or you may be worse off, but you share a lot of characteristics --oldest account 8 - 12 years old and one collection, for instance. (And I am COMPLETELY making up that example!!)
But wow, I have to applaud the tenacity that dug that citation up! And I almost have my head aligned up-and-down again.
@SonorityGenius wrote:Nice topic!
I would have read it, had it not been a book! =P lol(College starts next week, and I am SCARED of big fat textbooks beyond compare!)
lol
I had enough talk of buckets and had to do a search to know what it meant.. found one that helped.
http://ficoforums.myfico.com/fico/board/message?board.id=creditcard&message.id=17298&query.id=241288#M17298
Hopefully it'll help others
