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Fico 9 and Charge offs

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
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 Credit: $218,900Credit Utilization: 1%AAoA: 5 years, 5 monthsInstallments: Car Lease, Marcus LoanNegatives: 0


                                                                                              
                      DSC-27.1K | NFC-25K | ALI-25k | WAL-10k | BoA-22k | BB-12k | NFL-15k | LOW-35k | AMX-19.3k | CHA-10k | PF-8.8k | C-DC-9.7k
Message 2 of 3
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.
Message 3 of 3