Question about FICO 8 vs FICO 9

[houstex75]

Hi all. My monthly 3B myFICO report just dropped today. I'm seeing a pretty significant difference between my FICO 8's and FICO 9's and curious why.

The only thing I can think of is I have two paid collections reporting to all CBs that I did PFD on, since FICO 9's don't count paid collections. One collection has dropped off on TU, still reporting on EX and EQ. Other is still reporting on all three (hopefully both should drop off by end of this month or in February). Both $0 balance.

Could I really see my 8's jump this high when that does happen? Are there any other factors I'm not aware of? Thanks!!

[SouthJamaica]

Possible differences between FICO 9 & FICO 8:
-paid collections not counted in 9
-unpaid collections given more weight in 9
-medical collections given less weight in 9
-rental history counted in 9
-recent inquiries given less weight in 9
-average age of accounts given less weight in 9
-no. of accts reporting balance given more weight in 9
-premium for open as opposed to closed installment loans reduced in 9
-installment loan utilization percentage given more weight in 9
-9 more sensitive to revolving utilization
-9 has a separate clean scorecard for people with high revolving utilization
-9 may be more sensitive to multiple late payments

[houstex75]

---

@SouthJamaica wrote:

Possible differences between FICO 9 & FICO 8:
-paid collections not counted in 9
-unpaid collections given more weight in 9
-medical collections given less weight in 9
-rental history counted in 9
-recent inquiries given less weight in 9
-average age of accounts given less weight in 9
-no. of accts reporting balance given more weight in 9
-premium for open as opposed to closed installment loans reduced in 9
-installment loan utilization percentage given more weight in 9
-9 more sensitive to revolving utilization
-9 has a separate clean scorecard for people with high revolving utilization
-9 may be more sensitive to multiple late payments

---

Wow! I knew there were some differences, but didn't realize this many! I do have low utilization (2%) but a lot of recent (<1yr) inquiries and my AAoA is <48 months, so I wonder if that's also contributing to the difference. Thanks for the info!

[SouthJamaica]

---

@houstex75 wrote:

---

@SouthJamaica wrote:

Possible differences between FICO 9 & FICO 8:
-paid collections not counted in 9
-unpaid collections given more weight in 9
-medical collections given less weight in 9
-rental history counted in 9
-recent inquiries given less weight in 9
-average age of accounts given less weight in 9
-no. of accts reporting balance given more weight in 9
-premium for open as opposed to closed installment loans reduced in 9
-installment loan utilization percentage given more weight in 9
-9 more sensitive to revolving utilization
-9 has a separate clean scorecard for people with high revolving utilization
-9 may be more sensitive to multiple late payments

---

Wow! I knew there were some differences, but didn't realize this many! I do have low utilization (2%) but a lot of recent (<1yr) inquiries and my AAoA is <48 months, so I wonder if that's also contributing to the difference. Thanks for the info!

---

Yeah we'll never really know, but I have a hunch that paid collections is the biggie in your profile.

[Thomas_Thumb]

Collections on file can penalize 50 to 60 points. When the last one falls off or no longer counts due to being paid "pop goes the weasel" scorewise assuming other serious derogs aren't holding the score down.