In the model of FICO credit score may not be aware that compared with other consumers with credit problems as listed in your credit report. Thus, instead of comparing it with all who have a credit score, measured in front of consumers with similar credit profile. The FICO scoring model is divided into several mini models. These miniature models are known as the scorecards. The current version of this model has 12 score cards. Each of these score cards is designed to assess the risk between groups and consumers. FICO does not publish a complete list of scorecards. However, we do know is that this list includes categories / scorecards, such as:

• Consumers with bankruptcy
• Consumers with derogatory accounts
• Research excessive
• Clean report and the long history
• Minimum or a few accounts

Although these fields may have a slightly different name, these are some general areas that FICO uses to compare with peers and come to a numeric value that represents your credit score. Two of the most important factors remain constant is the payment history and the ratio of revolving debt.

The scorecard jump term is used in industry to indicate the movement of the scorecard from one to another. Based on one case, a consumer can move up to the next card higher or lower a score card. Ultimately, the idea is to climb. A good way to explain this is that you can have a group of consumers who have all derogatory items on their reports, which puts them all together in a scorecard. In this example, if one of these consumers choose to pay or have these derogatory accounts removed or deleted the report, this will drive the consumer to the next highest card. This is where it can be difficult. In some cases, if a consumer moves to the next highest card that can cause your credit score down. This is due to the fact that they are now at the bottom of this card up to the side and can not be compared with such force in other areas to consumers above them in this scorecard.

So going from a "repeal" card to a "clean file" cards can take some time to reach a more satisfactory comparison, but well worth the wait. The analogy I like to use is that it's like going from the top of his math class "in high school for Algebra 1. You probably will not be the strong man of the class for a while. There's really no way to know when moving up or down on the card model, but just know that subtle changes in your report is likely to push you up or down. For example, if you have had five consultations in 30 days against someone who has had only three in the last 90 days, the activity on your part can cause movement of the next lowest card. The bankruptcy will land on the scorecard of bankruptcy.

For the record I would describe what I just read in saying all this technical jargon is just for your information and should not be something to worry too much, as there is little or nothing can be done about it. It is not necessary on top of each scorecard to record a high credit rating. Do not worry about trying to get the allusive 850 FICO score, a score of 760 is likely to get the same place in almost all cases.