Hey all, I am new here to myfico and currently in the rebuild phase of my credit journey. I began to start working on my credit in August of last year with scores in the high 500's across all 3 bureau's and I've managed to improve them all by nearly 100 points. Next year when my 2 charge offs fall from my reports i should be effectively done with my rebuild. Yay! Anywho, back to the point of my post. Since starting my rebuild, my fico 9 scores have always confused and caused mild depression when looking at them. In the beginning they were grossly behind my fico 8's in some instances as much as 60 points and i could never understand what the issue was because my reports were exactly the same all the way across. Well I've figured some of it out. It seems fico 9 severely punishes collections especially those that update each month. My last collection that i was able to get deleted from my reports, updated each month and once i got it deleted, my fico 9's joined my fico 8's almost identically. Also fico 9 seems to punish inquiries harshly as well. I have 7 inquiries on both Transunion and Experian and my 9's are in the 640's😕. My equifax with only 3 is at 690. Again all 3 of my reports are pretty much identical. So! Anyway that is pretty much my observation after being at it for a few months now. I hope This post can be of some service to anyone looking for information here. This website has helped me tremendously and i grateful to any and everyone who posts here to help people like myself 🙂
