Yikes! I've been re-bucketed --marching steadily backwards with Equifax

[haulingthescoreup]

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@Anonymous wrote:
I am curious as to why the report I paid for on the 11th didn't say this somewhere on it considering the major drop in points. It had the same help and hurt sections as the report last year and basically told me to keep doing the same thing to get a higher score. Duh!!! Somehow this is NOT giving me warm fuzzies!!

On the other hand, if it had said something, I might NOT have found these boards.

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I have always gotten tangled up between the reports and the Score Watch alerts from myFICO--I remember that when I first signed up, I would see a screen that I could never locate again. The section that I quoted came from a score alert, not from the report itself.

I think I remember you saying that you discovered that your score dropped when you pulled your reports. I think that's why you didn't get a similar message--this came from Score Watch. The ones I've gotten in the past have been pretty imprecise, but this one at least made sense.

[haulingthescoreup]

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smallfry wrote: Well the good news is by being bumped into a new bucket you do get a chance now for much higher scores down the line.

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That's true--nothing like a change in scenery! And it is nice to know that I'm moving forward, even though it doesn't really look like it right now.

[smallfry]

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@haulingthescoreup wrote:

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@Anonymous wrote:
I am curious as to why the report I paid for on the 11th didn't say this somewhere on it considering the major drop in points. It had the same help and hurt sections as the report last year and basically told me to keep doing the same thing to get a higher score. Duh!!! Somehow this is NOT giving me warm fuzzies!!

On the other hand, if it had said something, I might NOT have found these boards.

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I have always gotten tangled up between the reports and the Score Watch alerts from myFICO--I remember that when I first signed up, I would see a screen that I could never locate again. The section that I quoted came from a score alert, not from the report itself.

I think I remember you saying that you discovered that your score dropped when you pulled your reports. I think that's why you didn't get a similar message--this came from Score Watch. The ones I've gotten in the past have been pretty imprecise, but this one at least made sense.

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Check the history page and click on the alerts.

[haulingthescoreup]

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@smallfry wrote:
Check the history page and click on the alerts.

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I don't think lilacteapot gets the alerts--I think she just buys her reports. There wouldn't be a history page if you didn't have Score Watch, would there?

[haulingthescoreup]

New question: now that I seem to have been promoted, how am I supposed to figure out the rules for my new bucket? No hints from the score alert. The first page of the myFICO EQ report (with the scales) just has the sidebars about what the High Achievers do, but those have been there all along.

Maybe the score simulator is supposed to tell me something, but when my score dropped 3 points 8 days ago, the "best scenario" changed from pay all my bills on time for 24 months to pay off my credit card balances over 24 months. Well, that's lovely, but the balance showing on my report is a whopping $827 (out of a total $52K+ CL.) That works out to $34.46 per month. And furthermore, this scenario came a week before the re-bucketing, so I don't know if it's a cause-and-effect.

If FICO is going to throw me into a new peer group, I sure would appreciate a little guidance from them as to the new group's rules.

[RobertEG]

The whole bucket game is exemplary of the FICO intent to keep people centered to the norm.  Why?  Because lenders want to offer credit at the highest rates, and FICO score gurus want to serve their customers, the lenders.  So when responsible consumers know how to play the FICO game, they must be checked.  Simply put them in a Donald Trump bucket, and you have checked their score by algorithm, and not logic or fairness.  Makes sense to the credit score vendors and the lenders, so it MUST ergo make sense to us!

PS: the explanations of postivie and negative factors incluided with credit reports is about as useless as lipstick on a pig.  They are written by people in the back rooms of Bangladesh.

Message Edited by RobertEG on 10-16-2007 08:24 PM

[Anonymous]

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haulingthescoreup wrote:
New question: now that I seem to have been promoted, how am I supposed to figure out the rules for my new bucket? No hints from the score alert. The first page of the myFICO EQ report (with the scales) just has the sidebars about what the High Achievers do, but those have been there all along.

Maybe the score simulator is supposed to tell me something, but when my score dropped 3 points 8 days ago, the "best scenario" changed from pay all my bills on time for 24 months to pay off my credit card balances over 24 months. Well, that's lovely, but the balance showing on my report is a whopping $827 (out of a total $52K+ CL.) That works out to $34.46 per month. And furthermore, this scenario came a week before the re-bucketing, so I don't know if it's a cause-and-effect.

If FICO is going to throw me into a new peer group, I sure would appreciate a little guidance from them as to the new group's rules.

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This is exactly how I feel about this whole thing.  It's like I've been duped in some way.  I've followed all the rules [at least the published ones] and I've been penalized for it.  What's wrong with this picture? 

Ah...the old oaken bucket,

That moss covered bucket,

In fact, the slop bucket

That hung by the well.

[Ljeen]

Same thing here.  I've never been so good with my payments as I have been in these last few months.  I go up 10 points then down 8 and then 16 for no reason. 

[Anonymous]

No. I think cats are much nicer than FICO score programmers. Besides, cats tend to get upset when things make no sense at all. Nonsensical illogic seems to be the very foundation of FICO.

[Anonymous]

i don't understand any of it!!!! When the scale comes up they have seeking new credit as a loser and then using new credit as a winner!!!! tu went from 720 to 708 because i had zero balances.  they want me to buy a car or a house. LOL

what is thin file.  can anyone help???

Message Edited by casinoannie97 on 10-23-2007 07:28 AM