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Transunion Financial Services Seminar - Whitepaper on TU's bust out score

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Valued Contributor

Transunion Financial Services Seminar - Whitepaper on TU's bust out score

https://www.transunion.com/resources/transunion/doc/events/FS-seminar-2018/presentations/TU-FS-Semin...

 

Interesting read. Thought the information on AU's was interesting.

 

Bust out score raised when:

AUTHORIZED USER AS
FIRST TRADE

 

SHARED AUTHORIZED
USER ACCOUNTS - People who buy tradelines. Multiple AUs with different addresses.

 

I wonder if bust out scores contribute to approvals/denials when applying for credit?

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Valued Contributor

Re: Transunion Financial Services Seminar - Whitepaper on TU's bust out score

That is interesting.

 

From slide 12:

We start with a single breeder on 5 card accounts

11 new identities created using authorized user accounts

47 new, primary credit accounts are established (Could be a myFICO'er on a rainy day...lol)

All accounts in the network go to charge-off

Total network loses: $364,000

27 FICO Scores + 3 VS3. MTG (Mortgage), AUT (Auto), and BKC (Bankcard) are scores 5,4, and 2 from the top.

Keeper of the Scrolls of ResilienceEQ FICO Resilience Index Score Leaderboard

48 forum members have shared this new credit score. Share yours today!

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