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The details in this thread were gathered from a number of articles and information

We all know about the FICO score and some are aware of insurance scoring. But did you know that there are other scores used to determine your ability to get (or keep) credit? Some of these scores are generated by the Big-3 and consumers never see or even know about them.

Bankruptcy score (BNI): Credit scores typically predict the chance you'll miss a payment in the next two years. Bankruptcy scores predict the likelihood you'll throw in the towel on your debt entirely and file for Chapter 7 liquidation or a Chapter 13 repayment plan. BNIs range from 1 to 300, with the higher the score, the lower the predicted risk. Most lenders use both credit scores and bankruptcy scores to help assess the risk that you won't pay. Equifax is one of the Big-3 that is known to supply BNI scores to lenders.

Response score: This score predicts the likelihood a consumer will respond to an offer of credit, such as a new card or a balance transfer offer. Credit card issuers use response scores to decide whom to target and how to customize offers to appeal to particular consumers.

Application score: This score scoops up data from your credit application that's not included in your credit scores. That data include how much you earn, how long you've lived at your current address and how long you've worked for your current employer. Application scores are typically used in combination with other scores, such as credit and bankruptcy scores, to determine whether to open the account, what rate to give and how much credit to extend.

Revenue score: Lenders want to maximize the profitability of each account, and one way they do that is to gauge how much money each account is likely to generate.

Attrition-risk score: Attrition risk refers to the likelihood a user will stop using a card, and attrition-risk scores are typically used in combination with other scores to determine what to do next if you look ready to leave. If your account generates a lot of revenue and is deemed at low risk for default or bankruptcy, for example, the issuer might aggressively try to keep your business by jacking up your credit limit, lowering your rate and pelting you with convenience checks. If your account isn't that profitable or is deemed risky, on the other hand, the issuer might just let you leave.

Behavior score: Credit scores provide a snapshot of how a consumer is handling all of his or her credit accounts. Behavior scores, by contrast, typically focus on a single account (the one you have with that particular creditor) but take in a broad view. Does the user pay off her bills every month, carry a balance occasionally or frequently pay only the minimums on her cards? That information typically isn't available on a credit report, but is contained in the issuer's databases, along with other data that helps the score describe how she handles her account. A behavior score might be used in conjunction with other scores, such as credit or bankruptcy scores, to decide whether an overdue payment is an aberration (maybe he's traveling?) or a sign of impending financial crisis (maybe we should call the consumer today and find out what's going on).

Transaction score: These are the scores run each time you use your plastic to determine whether the transaction should be approved. Issuers are typically looking for signs the transaction might be fraudulent, but transaction data can be used in other ways as well (more on that in a minute). With credit cards it is common that if the dollar amount of the purchase is less than $20 it is automatically approved, even if it would take the consumer over their limit.

Collection score: If you've failed to pay for long enough that your card has been turned over to a collection agency. These agencies use collection scores to assess the likelihood that you'll be able/willing to pay them and sort their list of debtors accordingly. Collection agencies watch for all kinds of evidence that your financial situation may be improving from better credit scores to another collector's account suddenly being reset to 0, indicating it may have been paid off. Even a new job-related inquiry can result in more agressive collection action because it may indicate your pay has increased.

It's been almost four years since I updated this sticky so here's some additional details I've found that have changed since the financial meltdown

BEACON score: Recently revised formula from Equifax removes house payment history as a major factor. This score is now weighted by automobile payment history and revolving debt. How far can this score deviate from a traditional FICO? By nearly 200 points! A person with a 700 for purposes of buying a house that has a past reposession or failure to pay on a car and no credit cards will find their BEACON score to be around 520.

Bounce score: Banks and credit unions are now using a scoring model to determine your liklihood of overdrafting your deposit accounts. If you are being constantly hounded to sign up for overdraft/courtesy-pay services, then the financial institution thinks you are a risk of incurring those fees...which they want to collect.

Edited by Methuss
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