@SouthJamaica wrote:
@Anonymous wrote:South Jamaica; Why would you be skeptical? I have fine combed all three reports; nothing else has changed other than the BK removal. I dont have my list of gardened credit cards posted below; but trust me... I have my fair share, but there is NOTHING else going on.
I have busted my behind to get my credit score up since I filed due to my divorce. I'm a little offended of you think/know comment.
Positive or knowledgeable comments only please.
Sorry you're offended. I didn't mean to offend you. I just mean I think you're missing something.
You need to search the report the day of the score change and the report from the day before the score change to figure it out.
I've never heard of the dropping of a bankruptcy from a report causing a score decrease in any score model; it always causes an increase.
The advice you'd been given, about it being an "old account" that dropped off, is just wrong; a bankruptcy is not an "account", it is a derogatory public record.
While it is likely that it caused a rebucketing if it was your only derogatory entry, I don't think the rebucketing would have cost you sufficient points to cause a score drop.
Felt the need to chime in @Anonymous in regards to @SouthJamaica . I have been a member a little over a year and lurked for far more time than that and I have to say it's almost an unwritten atmosphere for the members of this forum to assist, inform, suggest, help, and not offend anyone.
No question is ever dumb and we are all learning and finding out the many many twist and turns of credit with the help of knowledgable individuals and data points shared through unique experiences.
I have read many posts from Southjamaica and have never seen any created other than for the purpose of sharing or helping others and not judging.
Many times things are unique to a person's individual credit report (Profile Specific) and even when looking at your report you may not be able to see what exactly caused a point increase or decrease.
There are things such as scorecards that could cause certain point movements to occur that one can only guess at but not know for sure.
One thing (anyone can correct me if wrong) about scorecards is when you move from one to another you are compared to the individuals on that scorecard. You could have been on the top of a bad scorecard and moved to the bottom of a good one causing a score change. Another thing is your ceiling for gaining more points is raised by going to a better score card while previously it was limited on a lesser scorecard.
Sorta like you were a Senior in grammar school but now a freshman in high school or a senior in highschool but now you're a freshman in college.
YMMV (your miles may vary) means someone could gain points due to their scorecard and you could lose points (or remain the same) for the same occurence on yours.
There are a lot of general consensus that certain events cause certain actions but the degree of those actions can vary.
Due to different CRAs and different algortithms and different Fico scores (classic, bankcard, auto, mortgage) there's a host of things happening in front so you can pretty much tell whats happening and a host of things in the back where you can only guess what's happening.
One thing is for sure if you pay on time, keep utilization low, and age your reports your score will definitely keep rising and with different little tweaks like AZEO (all zeros except one-paying all balances to zero except one major cc reporting a small balance) your score can acheive max points.
Everything may not agree with our logic for example if you pay off all your credit cards you will lose points because you get penalized for doing that even though our logic says that's a good thing and we should gain points.
Hope this helps a bit.
