@Anonymous wrote:
We have some fairly strong evidence of some buckets....the precise definitions of each bucket is not publicly known though.
In general:
Major Lates, Charge Offs, Collections, Bankruptcies, and Public Judgement form the "bad buckets" ie you are compared to other people with bad credit behavior in the files.
The other buckets seem to be largely driven by age, though there is likely a bucket for people with thin credit histories (ie few accounts).
0-2
2-5
5-12ish
12-19ish
19+ish
(All of the above in years)
Are some of the buckets we surmise are out there (though there may be an average age of accounts factor to them as well.
FWIW--my scores dropped about 20-30 points within a day or two of the 10 year anniversary of my oldest reporting account for no apparent reason. That seemed to be a definite bucket change.
