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Fico new scoring model?

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Florida1990
Frequent Contributor

Fico new scoring model?

Today i got an email from my car company that Fico was using a new scoring model that is actually going to benefit more poeples credit scores by as much as 100 pts. Anyone else hear this?

Pre-CH7 Scores- TU 584 EX 540 EQ 581
Post-CH7 Scores- TU 656 EX 630 EQ 670

Navy Fed Cash Rewards-$4,500, Credit One MC $500, Credit One VS $700 Ollo Platinum MC $900, Avant MC $1,000 Primor Secured Vs. $200, Wayfair $750, Eddie, Jcrew, Boscov $250-$300.
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keithB
Established Contributor

Re: Fico new scoring model?


@Florida1990 wrote:

Today i got an email from my car company that Fico was using a new scoring model that is actually going to benefit more peoples credit scores by as much as 100 pts. Anyone else hear this?


Yes, on some credit models those with negatives on a CR that has to do with unpaid or late medical bills, said negatives wont be counted nearly as bad or at all. Seeing how they say 50% of all BKs (I've heard)are contributed to medical bills, this might help those who were unfortunate to get penalized for such negatives on their CR.

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