Now that the methodology behind credit scores has been in the public for a long time, banks have found a new measurement which they’ve managed to keep somewhat private. While this calculation has been in use for twenty years, it has largely been kept off the public radar screen.
Your bankruptcy risk score is used in addition to your FICO credit score by banks to determine your worthiness. Scores range from below zero to about 2,000, and a lower score is better. Here are more technical details on the calculation.
While this information has been kept private for the most part, Experian is considering making the scores public (for a price, I would imagine). There is some good news:
The things that improve your bankruptcy risk score are the same ones that improve your credit score: Pay your bills on time and apply for credit sparingly.
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but the bankruptcy score works a bit differently than credit scores
“The only difference between credit score and bankruptcy risk score is the ranking numbers. In credit scores, the higher the #, the better the score (maximum of 850). However in a bankruptcy risk score, the lower the #, the better the score (-100 or so and upto 2000). Therefore, 2000 means the consumer has a very HIGH chance of declaring bankruptcy, while -100 means very low chance of declaring bankruptcy.”
Source: http://www.moneysavingfreetips.com/bankruptcy-risk-score.html