@Anonymous wrote:
Hello all! I have a question about fico 9 vs fico 8 my transunion and equifax fico 8 is 104 and 51 points higher than 9. No collections accounts anymore and one almost 7 yr charge off from an old credit card that's paid. Now all my fico scores whether it's an older scoring model is good and none show a delinquency as a negative factor. Fico 9 for both shows serious delinquency as a factor and scores seem to show it. I called fico today and they said it's because 9 weighs it more but I guess my question is why isn't it weighing down my older scores along with fico 8. I would think since it's on my report it would weigh on other scores?
It's for $341. Feedback is appreciated!
It's my understanding that unpaid collections are given greater weight in FICO 9 than in FICO 8 and other models. So that would be my guess as to the reason why. Maybe it's not showing as paid. A chargeoff is when something isn't paid, it's just written off.
@Anonymous wrote:
On my reports it says payment after charge off. I paid it in full
Maybe you should start disputing it.
@Anonymous wrote:
What should I say in the dispute? It says on my reports payment after charge off. Should it be saying something different?
It sounds like its reporting correctly to me so I would say do not dispute, perhaps a GW campaign. I think 9 is a lot more sensitive to any baddies than 8. All mine are a good bit lower to the tune of 40-50 points on the two CRA's that still have baddies on them. My TU is clean and version 9 is only a few points below 8.
