What is FICO 9, and how does it treat medical collections differently? - Credit Card Insider

  • 11 Agu 2014
  • 2 356
  •  22
Komentar

  1. Donyelle Hill

    Donyelle HillTahun Yang lalu

    My question is I’ve been paying down my debt I payed off three credit cards but I have some collections, how does my score change in this matter?

  2. Credit Card Insider

    Credit Card InsiderTahun Yang lalu

    Credit scoring models are complex and proprietary, and I don't know your specific situation, so it's impossible for me to tell you exactly how any of your many credit scores will change, but in general if you had debt and you pay it off you should see credit scores go up. Collection accounts are a pretty strong negative item, but their impact on your credit scores should go down over time and they will stop affecting your credit scores once they have aged off your credit reports. Each account will automatically be removed from your credit reports 7 years after it went into collections. - John G

  3. Steven Miller

    Steven Miller2 tahun yang lalu

    So FICO 9 by ignoring paid collections is moving closer to the Vantage 3 scoring model. That explains why this video was made 3 years ago and virtually no one has begun using FICO 9.

  4. Miss desire Independance

    Miss desire Independance2 tahun yang lalu

    Are we in fico 9 or 8. I have a medical bill due this week and Im about to settle but everyone say dont.

  5. Credit Card Insider

    Credit Card Insider2 tahun yang lalu

    Hi, what do you mean by "are we in FICO 9 or 8?" - could you rephrase the question? Thanks. - John G

  6. Ivy Agnes Nguyen

    Ivy Agnes Nguyen3 tahun yang lalu

    Where is the best place to get my full set of FICO scores? Is there a way I can see past scores, too? I've been in 'the system' since probably July, 2004 (when I got my 1st student loan) & I am curious how my scores have changed over time.

  7. Credit Card Insider

    Credit Card Insider3 tahun yang lalu

    See this video for more information: idreporter.net/v/video-rv24rJg0-J0.html You really have hundreds of scores if you look at every credit scoring model and bureau, so it isn't feasible to get ALL of your scores. It's possible that you have those different scores because there is different data on the different reports, or it could be that you're looking at scores that were not generated using the same model. For example, the two scores that are the same may be FICO and the other may be VantageScore. - John G

  8. Ivy Agnes Nguyen

    Ivy Agnes Nguyen3 tahun yang lalu

    @Credit Card Insider Each score type from each bureau (I heard that different models are in place even within each bureau). Also how is it possible for me to have Equifax & TransUnion scores around 570 but Experian around 630? When I had a 705 from Experian one time, TransUnion & Equifax were around 635).

  9. Credit Card Insider

    Credit Card Insider3 tahun yang lalu

    Hi Ivy, do you mean a FICO score for each bureau? Or even more FICO scores than that? I'm not sure if there are any services that provide historical information, but for many of them once you start tracking your score it will keep track historically from when you start. - John G

  10. Victor D. Romero

    Victor D. Romero3 tahun yang lalu

    IT IS ALMOST IMPOSSIBLE TO FIND ANY INFO ON FICO 4 MODEL, WHICH MOST OF THE INDUSTRY IS USING STILL TO THIS DAY. CAN YOU DO A VIDEO ON THIS? THANKS.

  11. Credit Card Insider

    Credit Card Insider3 tahun yang lalu

    Sure, I'll add that to the list. Thanks Victor. - John G