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

[randomguy1]

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?

[Anonymous]

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