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Fico 9 and Charge offs

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Rf32222
New Contributor

Fico 9 and Charge offs

I understand fico 9 doesn't count paid collections as much as fico 8, but what about paid Charge offs? Is there any difference?
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2 REPLIES 2
RonM21
Valued Contributor

Re: Fico 9 and Charge offs

I tried doing some research on this to see if I could find anything, but I was unable to find anything definitive. But, it generally seems like it would be treated pretty much the same as a paid collection from what I've read.


Total CL: $321.7kUTL: 2%AAoA: 7.0yrsBaddies: 0Other: Lease, Loan, *No Mortgage, All Inq's from Jun '20 Car Shopping

BoA-55k | NFCU-45k | AMEX-42k | DISC-40.6k | PENFED-38.4k | LOWES-35k | ALLIANT-25k | CITI-15.7k | BARCLAYS-15k | CHASE-10k

Message 2 of 3
Rf32222
New Contributor

Re: Fico 9 and Charge offs

That is kind of what I thought. But I can't find it worded that way specifically.
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