BUCKETS

[Anonymous]

I have never gotten any notice of change.  Can someone explain this to me? My BK is 8.5 years old.  Like when do they occur and whether they tell you or not?

[haulingthescoreup]

I got a ScoreWatch alert when I was re-bucketed and lost points. (I've also seen ScoreWatch re-buckets with no score change.) Anyway, this is what the alert looked like:

Score Watch alert
October 15, 2007

Alert: Your FICO® score has dropped below your target score of 651

Score Watch alert/Changes to your FICO® Score
Your FICO® score decreased to 636 on October 15, 2007.

This score decrease may be caused by these 3 new reasons:

* You have a serious delinquency (60 days past due or greater) or a derogatory description on your credit report.
* You have multiple accounts showing missed payments or derogatory descriptions.
* You’ve recently missed a payment or the date of your most recent payment is unknown.

Changes to your credit report

Your FICO® score went down on a day when there were no credit alerts on your Equifax Credit Report™. This can happen if:

* There was a change on your credit report that lowered your score but did not trigger an alert. For example, the balance on an account might have increased enough to lower your score, but not enough to trigger a balance increase alert.

* You moved from one category of credit users to another as time passed. For example, you may have transitioned from the category "consumers with a new credit history" to the category "consumers with a two- to five-year credit history". As a result, your credit report is evaluated differently, causing a slight change in your score. The good news is that moving between categories like this usually offers you the potential to reach a higher FICO® score in the future.

None of the stuff at the top happened. Those were just my usual negative messages on my reports. It's the part in bold at the end that is the re-bucketing alert.

BTW, I don't think these alerts come if you subscribe to Score Watch through Equifax. Wouldn't swear to it, though.

Has the BK stopped showing on your report? Nothing will happen until it is gone. I know that one type reports for 7 years, but the other reports for 10.

[smallfry]

He must have a Chapter 7 like I do which remains for 10 years otherwise his 13 (doubtful) should already be off the reports.

[Anonymous]

My BK still shows until "09.  I thought they stopped counting it after 7 years but I guess not. Bummer!!!  I never get score changes. EQ stays at 698 and will not budge.  2 pts for 700 and can't get it.

Message Edited by casinoannie97 on 06-16-2008 05:03 PM