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Fico 9 SUCCESS !!!!!!!!!

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Anonymous
Not applicable

Fico 9 SUCCESS !!!!!!!!!

I am in the process of rebuilding my credit after a long while of neglecting it and have been making some headway. Started in the high 500s all bureaus in August with 8 collections. Did a few PFD and some fell off my reports. Scores were recently
EQ 683
Trans 691
Ex 662

I debated on whether to pay off my last 2 collections off since one will fall off in 6 months and the other 1 year after. Decided to pay them off hoping it would not hurt my score. They all stayed the same except EQ which dropped to 678. It happened to be time for my new 3B reports from here and my FICO 9 Eq increased dramatically to 762 and my Trans to 770. With those numbers I joined PenFed which now uses FICO 9 Equifax and was able to open a new checking, savings account and Refinanced my 2 month old car loan from 10% to their lowest rate 2.99 for 60 months on a 45K car loan saving me 11K in financing charges. I was even approved for their 2% cash back card with a 10k limit. ALL with just 1 hard pull from EQ. Amazing!!!!!! The hard work is paying off.

Just to throw it out there. Pay off your past collections and use your potential higher FICO 9 with penfed if you need any of there products. I truly hope this helps somebody. I have been lurking here from a while and found all this info from reading these forums. But as always YMMV.

Background info: started with Wells Fargo and added all the rest since August this year.

Amex Gold
Amex Platinum
PenFed power cash 10K
Citi DC $2000
Discover $1600
Cap one quicksilver one $300 started with this 4 months ago no CLI yet
Wells Fargo secured x2 yrs to unsecured in Jan 2018 with $2k
Merrick dbl limit $700 to $1400 in 4 months
Utilization 3%
Collections just paid
Salary: decent
12 REPLIES 12
bettercreditguy1
Established Contributor

Re: Fico 9 SUCCESS !!!!!!!!!

Good luck in your journey. Taking control of your spending and paying all of your bills on time will allow your score to climb higher. The additional benefits are less stress and the ability to save lots of financing (interest) dollars over time which down the road gives you more spending cash.

Updated scores 3/7/21 TU 849, EQ 829, Ex 818 (all Fico scores) Remember the Three P's: Pay early in Full, Pay on Time, Patience
Message 2 of 13
Dave4fun
Regular Contributor

Re: Fico 9 SUCCESS !!!!!!!!!

Congratulations and thank you for sharing! Your post was the first I read in regards to a lender that uses the FICO 9 scoring. Successful you are! Thats great! My FICO 9 scores are near 800 and so of course I wish more lenders would use that scoring model as well.

FICO 8 EQ: 840, TU: 837, EX: 834 Total Rev CL: $495,000 - CHASE/CITIBANK/DISCOVER/ USBANK/AMEX/COMENITY AMEX /BMO/NORDSTROM/MACYS/FNBO/ JCPENNY/TARGET/CHEVRON/1ST UNITED CU/PATELCO CU/SYNCHRONY/ VENMO VISA Sig/ DILLARDS AMEX/ PENFED PLAT REWARDS/PENFED PLOC/WELLS FARGO. AAoA 13 years
Message 3 of 13
Sandman771
Valued Contributor

Re: Fico 9 SUCCESS !!!!!!!!!

I got an email the other day from GM Financial (which is my dealer's captive lender unfortunately). The email headline read something along the lines of use FICO 9 for better calls on loan applications. So I'm assuming that they switched or are switching. I'm not sure since I didn't read the entire thing (that decision is above my paygrade) since we pull Auto Fico 8 for EQ and then 4 and 5 for TU and EX. 

But that is great news on the PIF collections helping FICO 9. 

Starting Score: EQ497/TU496/EX 499
Currently: EQ 620 TU 654 EX 627
in the garden since 6/16/2021
Message 4 of 13
Anonymous
Not applicable

Re: Fico 9 SUCCESS !!!!!!!!!

yes  also amazon chase visa  uses fico 9 

Message 5 of 13
Anonymous
Not applicable

Re: Fico 9 SUCCESS !!!!!!!!!

Evidently Paypal Credit uses Fico 9 now as that is the TU score on my letter.

Message 6 of 13
Revelate
Moderator Emeritus

Re: Fico 9 SUCCESS !!!!!!!!!


@Anonymous wrote:

yes  also amazon chase visa  uses fico 9 


They do?  Linky please? Smiley Happy




        
Message 7 of 13
seattlecredit08
Frequent Contributor

Re: Fico 9 SUCCESS !!!!!!!!!

Congrats!

 

Question: Where can one obtain their FICO 9 Equifax score?

 

For example, CreditCheckTotal provides FICO 8 Equifax and Equifax.com provides FAKO score.

 

Any good source for FICO 9 Equifax score specifically?

 

Thank you!!

Message 8 of 13
Anonymous
Not applicable

Re: Fico 9 SUCCESS !!!!!!!!!

Got it from the 3B reports from here.
Message 9 of 13
seattlecredit08
Frequent Contributor

Re: Fico 9 SUCCESS !!!!!!!!!

Thanks!

 

Does anyone know which lenders use Equifax FICO 9 specifically? So far I believe PenFed does it for all of their products. Any others?

 

It's by far my best score, e.g.:

 

FICO 8 Equifax:  770

FICO 9 Equifax: Approaching 830

...

Transunion FICO 8: Under 600Smiley Surprised

 

Thanks!!

Message 10 of 13
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