Buckets or pools???? How many?

[Anonymous]

Is there some certain number of "buckets" one can get in.  I searched this board and understanding fico scoring using buckets, but I couldn't find any information on the actual bucket itself.  I know there was one on average age, but I couldn't find it either.

All that rambling was to ask if anyone knows how many buckets there are?

[Anonymous]

There is no specified amount of buckets.

[Anonymous]

Actually I believe there are 8 in current models used on the site and 12 with FICO '08 (which are not the scores you get from the site as a consumer).

There are 2 negative buckets and 6 positive currently. They are upping the negative to 4 and the positive to 8 I believe.

The exact breakdown of what constitutes a bucket has not been released, but there is much speculation on the board.

[haulingthescoreup]

Almost- there are currently 8 positive buckets and 2 negative buckets. The ephemeral FICO 08 has 8 positive and 4 negative, as I recall.

But you can only be in one bucket at a time. If you have a serious derog, a public judgment, or both, you're in a negative bucket, period.

But the factors that drive other buckets (AAoA, total history, thin files, etc) still affect your scores, even if you're in a negative bucket, so it's important to keep them shined up. Once your negative factor falls off, you'll be in great shape with one of the positive buckets.

[Anonymous]

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@haulingthescoreup wrote:
Almost- there are currently 8 positive buckets and 2 negative buckets. The ephemeral FICO 08 has 8 positive and 4 negative, as I recall.

But you can only be in one bucket at a time. If you have a serious derog, a public judgment, or both, you're in a negative bucket, period.

But the factors that drive other buckets (AAoA, total history, thin files, etc) still affect your scores, even if you're in a negative bucket, so it's important to keep them shined up. Once your negative factor falls off, you'll be in great shape with one of the positive buckets.

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Do you have any ideas on the positive buckets...not necessarily specifics.  I have no negative factors, but my score won't increase.  I get the occasional decrease based on utilization of credit cards on any given month, but even when I only leave one at 1% I still can't get past baseline. 

[Anonymous]

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ficoachiever wrote:

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@haulingthescoreup wrote:
Almost- there are currently 8 positive buckets and 2 negative buckets. The ephemeral FICO 08 has 8 positive and 4 negative, as I recall.

But you can only be in one bucket at a time. If you have a serious derog, a public judgment, or both, you're in a negative bucket, period.

But the factors that drive other buckets (AAoA, total history, thin files, etc) still affect your scores, even if you're in a negative bucket, so it's important to keep them shined up. Once your negative factor falls off, you'll be in great shape with one of the positive buckets.

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Do you have any ideas on the positive buckets...not necessarily specifics.  I have no negative factors, but my score won't increase.  I get the occasional decrease based on utilization of credit cards on any given month, but even when I only leave one at 1% I still can't get past baseline. 

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Pretty safe to say the positive buckets are based of Age of File-

Having ANY accounts under 1 year old IS a bucket

If it's Average age, total age, oldest revolving- we really only have guesses.

[Anonymous]

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@Anonymous wrote:

Pretty safe to say the positive buckets are based of Age of File-

Having ANY accounts under 1 year old IS a bucket

If it's Average age, total age, oldest revolving- we really only have guesses.

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If there are no derogs at all, once the newest TL hits 1 yr, will the score go up? Or do you get in a new bucket with other people with no negatives whose accounts are older, and then your score goes down?.....

 

[Anonymous]

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Bzzzymom wrote:

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@Anonymous wrote:

Pretty safe to say the positive buckets are based of Age of File-

Having ANY accounts under 1 year old IS a bucket

If it's Average age, total age, oldest revolving- we really only have guesses.

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If there are no derogs at all, once the newest TL hits 1 yr, will the score go up? Or do you get in a new bucket with other people with no negatives whose accounts are older, and then your score goes down?.....

 

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Sounds about right -

It can go either way-