FICO® Score 9 Now Available to Consumers at https://bethelculturalcenter.com

SAN JOSE, Calif. — March  8, 2016

  • With hundreds of lenders using FICO® Score 9, consumers are now able to access the newest FICO® Score version themselves.
  • FICO® Score 9 treats unpaid medical collection accounts differently than other types of unpaid collection accounts, making it easier for many people to regain their credit standing.
  • Now consumers can see their FICO® Score 9 alongside previous versions of the FICO® Score and better understand the ways in which events like medical collection accounts impact their scores.

Analytics software firm FICO ( NYSE : FICO ) today announced the handiness of FICO® Score 9 at myFICO.com. respective hundred lenders have pulled well over 100 million FICO® Score 9 scores to date for testing, evaluating or making decisions. immediately, consumers who visit myFICO.com are able to view this newest score version in addition to all of the most widely use versions of the FICO® Score from the three major US credit chest of drawers .
“ FICO Score 9 is the most predictive credit score we ’ ve ever developed, ” said Sally Taylor-Shoff, frailty president, Scores, at FICO. “ It includes many important enhancements, such as a more nuanced discussion of checkup collection accounts. With banks accelerating their borrowing of FICO Score 9, we felt the time had come to make the score available directly to consumers. We know from our research that people want to see the scores their banks are using. FICO Scores are used in over 90 percentage of US lend decisions. People want to know their FICO Scores. ”
Among many enhancements in FICO® Score 9 is the way consumer accounts are treated after they are sent to solicitation agencies. First, any collection account that is paid in full moon is disregarded. Second, FICO® Score 9 differentiates unpaid medical accounts in collections from unpaid non-medical accounts in collections. FICO ’ s research found that amateur medical accounts were less indicative mood of credit risk than amateur non-medical accounts. In fact, building the most predictive credit score requires treating aesculapian collections this manner.

“ The more consumers understand about the diverse scores being used by lenders, the better they ’ ra able to make good decisions for themselves and their families, ” said Geoff Smith, frailty president of the united states, Consumer Scores, at FICO. “ That ’ s why we ’ re making FICO Score 9, along with every normally used version of the FICO Score, available at myFICO.com. For the first time, consumers can compare FICO Score 9 and previous versions of their FICO Score side-by-side to see the ways in which items like checkup solicitation accounts impact their scores. myFICO.com is a fantastic resource for consumers who care about their FICO Scores and want to manage and track their fiscal health. ”

Consumers will besides be able to access their FICO® Score 9 for free through lenders who adopt the grudge and participate in the FICO® Score Open Access plan. This program enables all lenders to provide the FICO® Scores they use for hazard management decisions to their customers for release. many lenders who participate in Open Access today are expected to adopt FICO® Score 9.

About FICO
FICO ( NYSE : FICO ) is a leading analytics software company, helping businesses in 100+ countries make better decisions that drive higher levels of growth, profitableness and customer satisfaction. The ship’s company ’ mho groundbreaking function of Big Data and mathematical algorithm to predict consumer behavior has transformed entire industries. FICO provides analytics software and tools used across multiple industries to manage risk, battle fraud, build more profitable customer relationships, optimize operations and meet nonindulgent politics regulations. many of our products reach industry-wide adoption. These include the FICO® Score, the standard measuring stick of consumer credit hazard in the United States. FICO solutions leverage open-source standards and cloud computing to maximize flexibility, focal ratio deployment and reduce costs. The company besides helps millions of people manage their personal fiscal health. Learn more at www.fico.com .
For FICO news and media resources, visit www.fico.com/news .
FICO is a trademark or registered trademark of Fair Isaac Corporation in the United States and in other countries .