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This looks new. Which type of credit is this being used for?
Here is a link to an article from FICO themselves
http://www.fico.com/en/newsroom/fico-score-9-introduces-refined-analysis-of-medical-collections
At the moment it isn't really being used for any credit determinations.
FICO 08 was released in 2009 and took about 5 years to be widely adopted, so I wouldn't hold your breath waiting for companies to switch to FICO 09.
Thank you all!
@Imperfectfuture wrote:
But I do not have any collections. One card will be slightly under 30%, now slightly under 20%. Do not understand.
what
@Aahz wrote:At the moment it isn't really being used for any credit determinations.
FICO 08 was released in 2009 and took about 5 years to be widely adopted, so I wouldn't hold your breath waiting for companies to switch to FICO 09.
Geez !!!!!!