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Ouch! How long until you recover from a rebucket

Frequent Contributor

Ouch! How long until you recover from a rebucket

My mortgage FINALLY reported a couple of days ago (I closed August 2012!).  My score too a 40 point dive, down to 660.  I suppose I'm in a rebucket phase, so how long until I can recover?  


I'm in the garden for the rest of the year, as I don't anticipate needing any more credit (I bought a new car December 2012, as well as a string of new credit cards) for a good while.  I was going to go for the AMEX BCP and Chase Sapphire this fall, but I'm going to wait until next year so my 18 inquiries (!!) clear up.  I may have to wait 2 full years.


I hate to see my score so low after hitting the 700 club.  But I guess it's better than the 480 I had in 2011...

My Wallet:
AMEX Platinum | Discover It $20.3k | Chase Sapphire Reserved $16k | Chase United $12k | AMEX SimplyCash Plus Business $11.6k | AMEX Schwab $9k | AMEX BCEP $8.2k | Citi Costco Anywhere Visa $8k | Chase Amazon Visa $8k | Chase Sapphire Preferred $7k | Chase Freedom $5k | Citi Simplicity $5k | Paypal Extras Platinum $5k | Wells Fargo $5k | Citi Best Buy $4.2k | Citi Visa Signature $3k | Care Credit $3k
Message 1 of 6
Senior Contributor

Re: Ouch! How long until you recover from a rebucket

Sorry to hear!!


I can't imagine having a mortgage!!


All you can do is garden now.... give it a year and you'll be over 700 in my estimation :-) probably even six months....


Good luck and congrats on your home :-)

Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| BOA Better Bal $17.5k |Wmt Discover $12.5k | BR Visa $17.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Message 2 of 6
Moderator Emeritus

Re: Ouch! How long until you recover from a rebucket

I'm moving this to Understanding FICO scoring, as someone there may have more info on rebucketing. Good luck, and may your score rebound quickly.

Current Scores: EQ 775 (03/04/2014), EX 756 (03/01/2014), TU 760 (03/01/2014)
Ruby Spade Garden Club Member - Last App: 03/04/2013 - No apps until 2014
Cards: Cap1 Venture 6.4k, Cap1 Quicksilver MC 1.75k, BankAmericard 1-2-3 Visa Signature - UCF Alumni Association 5k, Discover 7k, Citi Diamond Preferred MC 10.35k, Wells Fargo Rewards Visa 7k, Chase Freedom 5k, Chase Ink 7.5k, Amex Green NPSL, Dillard's Amex 7.5k, JC Penney 7.5k, Kay Jeweler's 5.1k
Message 3 of 6
Valued Contributor

Re: Ouch! How long until you recover from a rebucket

Im unsure if you were rebucketed.


Mortgage hit your credit reports take a ding


INQ for mortgage take a ding


Numerous applications (INQ's) for CC's take a ding


Get CC's take a ding


INQ for auto loan take a ding


Get auto loan take a ding


So with that scenario losing 40 points really isnt a bad deal.


Your scores will rebound as time goes on. I would think since your gardening your scores should be back up to where they were before all the applications and new accounts by years end, and possibly increase. Just make sure you make your payments on time.

Good Luck
May all your dreams and wishes become a reality!
Message 4 of 6
Moderator Emeritus

Re: Ouch! How long until you recover from a rebucket

+1 JM-AM.   Your scores will rebound fairly quickly.  These positive TLs will allow it to go up where it was and beyond.  Just takes a bit of time.

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!

June 2017 update: All scores over 820, just pure gardening now.
Message 5 of 6
Established Contributor

Re: Ouch! How long until you recover from a rebucket

I added two new auto loans and one credit card last year. I lost about 25 points each on TU and EQ.

Updated scores 3/7/21 TU 849, EQ 829, Ex 818 (all Fico scores) Remember the Three P's: Pay early in Full, Pay on Time, Patience
Message 6 of 6
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