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800ficogirl

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Lets Talk About FICO 9
The Biggest News in all things Credit is the new Changes that are being made with the FICO scoring system that will Remove Paid debt items (Medical bills etc) and reduce the weight of Unpaid Medical Bills... But how is everyone feeling about this??. How quickly will this take effect,.. and how much of a Score Boost will we really get (with the Avg estimate being around 25+ points),.... Lets get a discussion going about this Trending Topic!

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In addition, the only lenders that will probably start using FICO 9 when it rolls out will be auto lenders.  Mortgage companies are always 2-3 versions behind, so the true effect of FICO 9 won't be felt for years to come.  But, it is still a move in the right direction!

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my 2 cents

Don't think you will see this new FICO Model in use till sometime in 2016.

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