I just got turned down by a small credit union for a personal line of credit.
The adverse action letter indicated that my credit score of 666 was obtained from Experian "Bankruptcy Watch", where "scores range from a low of 1 to a high of 999".
The score seems strange, since my EX scores on MyFICO ranged from 705 to 827 at that time.
The negative factors cited for the score were:
29-balances on revolving accounts
27-number of inquiries for installment loans
13-average age of trades
26-number of open installment trades
29 is odd because although my utilization is higher than my usual 1%, it's only 3%
27 is odd because i almost never apply for installment loans, although I did apply for one a few months ago
13 is to be expected since my EX AAOA is less than 3 years
26 is odd because the only open installment loan I have on EX is my little SSL which is at 6.2%
@SouthJamaica wrote:I just got turned down by a small credit union for a personal line of credit.
The adverse action letter indicated that my credit score of 666 was obtained from Experian "Bankruptcy Watch", where "scores range from a low of 1 to a high of 999".
The score seems strange, since my EX scores on MyFICO ranged from 705 to 827 at that time.
The negative factors cited for the score were:
29-balances on revolving accounts
27-number of inquiries for installment loans
13-average age of trades
26-number of open installment trades
29 is odd because although my utilization is higher than my usual 1%, it's only 3%
27 is odd because i almost never apply for installment loans, although I did apply for one a few months ago
13 is to be expected since my EX AAOA is less than 3 years
26 is odd because the only open installment loan I have on EX is my little SSL which is at 6.2%
The only EX model I know of that has a range of 1 to 999 is their Tele-Risk model (partial table pasted below).
EX has provided a Fico Bankruptcy score as well but, it has a different range [250 to 900] - also pasted below.
@Thomas_Thumb wrote:
@SouthJamaica wrote:I just got turned down by a small credit union for a personal line of credit.
The adverse action letter indicated that my credit score of 666 was obtained from Experian "Bankruptcy Watch", where "scores range from a low of 1 to a high of 999".
The score seems strange, since my EX scores on MyFICO ranged from 705 to 827 at that time.
The negative factors cited for the score were:
29-balances on revolving accounts
27-number of inquiries for installment loans
13-average age of trades
26-number of open installment trades
29 is odd because although my utilization is higher than my usual 1%, it's only 3%
27 is odd because i almost never apply for installment loans, although I did apply for one a few months ago
13 is to be expected since my EX AAOA is less than 3 years
26 is odd because the only open installment loan I have on EX is my little SSL which is at 6.2%
The only EX model I know of that has a range of 1 to 999 is their Tele-Risk model (partial table pasted below).
EX has provided a Fico Bankruptcy score as well but, it has a different range [250 to 900] - also pasted below.
The telecommunications score model?
@Thomas_Thumb wrote:
@SouthJamaica wrote:I just got turned down by a small credit union for a personal line of credit.
The adverse action letter indicated that my credit score of 666 was obtained from Experian "Bankruptcy Watch", where "scores range from a low of 1 to a high of 999".
The score seems strange, since my EX scores on MyFICO ranged from 705 to 827 at that time.
The negative factors cited for the score were:
29-balances on revolving accounts
27-number of inquiries for installment loans
13-average age of trades
26-number of open installment trades
29 is odd because although my utilization is higher than my usual 1%, it's only 3%
27 is odd because i almost never apply for installment loans, although I did apply for one a few months ago
13 is to be expected since my EX AAOA is less than 3 years
26 is odd because the only open installment loan I have on EX is my little SSL which is at 6.2%
The only EX model I know of that has a range of 1 to 999 is their Tele-Risk model (partial table pasted below).
EX has provided a Fico Bankruptcy score as well but, it has a different range [250 to 900] - also pasted below.
Actually, according to this *pdf from Experian, which CGID noted in his earlier post, the Bankruptcy Watch scoring model does indeed have a score range of 1 to 999:
http://www.experian.com/assets/consumer-information/product-sheets/bankruptcy-watch.pdf
@Anonymous wrote:Here is some info about BW:
http://www.experian.com/assets/consumer-information/product-sheets/bankruptcy-watch.pdf
It uses some language that suggests it may use trended data in its model.
This article gives a broader view of bankruptcy scoring:
http://www.creditcards.com/credit-card-news/bankruptcy-risk-score-1270.php
It discusses BankuptcyPredict, which may have been the predecessor to BW at Experian.
Good stuff CGID, thanks 
@SouthJamaica wrote:
@Thomas_Thumb wrote:
@SouthJamaica wrote:I just got turned down by a small credit union for a personal line of credit.
The adverse action letter indicated that my credit score of 666 was obtained from Experian "Bankruptcy Watch", where "scores range from a low of 1 to a high of 999".
The score seems strange, since my EX scores on MyFICO ranged from 705 to 827 at that time.
The negative factors cited for the score were:
29-balances on revolving accounts
27-number of inquiries for installment loans
13-average age of trades
26-number of open installment trades
29 is odd because although my utilization is higher than my usual 1%, it's only 3%
27 is odd because i almost never apply for installment loans, although I did apply for one a few months ago
13 is to be expected since my EX AAOA is less than 3 years
26 is odd because the only open installment loan I have on EX is my little SSL which is at 6.2%
The only EX model I know of that has a range of 1 to 999 is their Tele-Risk model (partial table pasted below).
EX has provided a Fico Bankruptcy score as well but, it has a different range [250 to 900] - also pasted below.
Actually, according to this *pdf from Experian, which CGID noted in his earlier post, the Bankruptcy Watch scoring model does indeed have a score range of 1 to 999:
http://www.experian.com/assets/consumer-information/product-sheets/bankruptcy-watch.pdf
Yes, I had seen the score range. I just have not run across a data table from Experian relating bankruptcy other than their Fico bankruptcy 250 to 900.
Pasted below is the scorecard segmentation Equifax uses with their Bankruptcy Navigator Index model (BNI) and TUs BK model segmentation which might be of some interest to some. Here are a couple links to white papers fron EQ and TU as well.
http://communitydata.ca/sites/default/files/TransUnionBankruptcyScorePresentation.PDF
http://www.equifax.com/pdfs/corp/White_Paper-Navigating_Bankruptcy_Risk_1005_6.pdf
