Your true FICO® score ✅ #shorts

The FICO® 9 credit scoring model includes rent payments, downplays medical debt and excludes paid collections. The FICO® Score 9 is the most recent version of the popular credit scoring model, however it isn't as commonly utilized as its predecessor, the FICO® 8. All credit scores are based on information from your credit reports and are calculated using proprietary methods that range from 300 to 850. According to Tommy Lee, lead scientist at FICO®, your credit score is supposed to reflect the danger of lending you money, and the FICO® Score 9 is a better predictor of that risk. FICO® and VantageScore are the two most popular credit score companies.

How the FICO® Score 9 is different.
MEDICAL DEBT. Debt related to health care has a lower impact on your credit score than other types of debt. According to the Consumer Financial Protection Bureau, almost 43 million Americans — roughly one in every five people with credit reports — have medical debt. That debt is given less weight by FICO's current scoring algorithm than, example, credit card debt.

PAID COLLECTIONS. In score computations, collection accounts that have been paid in full are ignored. FICO® 10 and FICO® 10T, the most recent versions, likewise ignore paid collections).

RENT PAYMENTS. If rent payments are documented, they are factored into the score. Previously, rent payments were recorded on credit reports but not factored into FICO® credit scores (they were, however, used for VantageScore 3.0).

When will lenders use it?
According to FICO®'s Lee, hundreds of lenders are now using FICO® Score 9, and eight of the country's top ten lenders have either assessed it, are in the process of reviewing it, or plan to do so.

He believes FICO® 9 will eventually surpass FICO® 8, but that lenders' testing of the new model could take years. Lenders' adoption of the newer FICO® 10 is likewise expected to be slow.

Where can I get FICO® Score 9?
Consumers have had access to FICO® Score 9 since 2016. You can buy it from FICO® or acquire it for free from your credit card company, a lender, or a credit counselor through FICO®'s Open Access program, which allows lenders and credit counselors to exchange loan scores.

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About Limitless Culture and Mike Meza:
Hi, I'm Mike. I established Limitless Culture with a singular objective, to improve creditworthiness and provide credit education for regular, everyday people with fun and engaging content, DIY products, and (for some because no everyone needs it) monthly credit repair services for people with specialty disputing needs. I want to empower working-class people and their families to be able to take control of their credit files the right way.

[RandallSGregory]

Big thanks to Mike!!! I live off ssdi 1200 a month broke my back in 3 places and I have a 813 credit score Just by doing what you say

[johnnyrocket]

That is such dog poop, something that rules you life should nor have to be paid for. Also it's ridiculous that different companies have different ways of calculating your score.

[JerryBisMe]

My FICO is 100 points higher than the vantage point score but I’ve had a lot of recent changes with multiple credit cards increasing limit/reducing utilization but increasing hard inquiries

[MrOmar]

So myfico app, that shows mortgage scores of 5, 4&2 is correct? Or close to what it actually is they would pull?

[jamesserico]

Hey thanks for what you do! Has the site changed for the place to check my fico score?

[michaelshishido]

Knowledge is power. Thanks for the armor!

[GorillaSmokeBoxing]

I really hate these types of ads! Why was this suggested! YT gets on my nerves

[phyisprice]

Applied for mortgage & Exsperian was 720 with was the sane 😮

[CocoButterBarbie]

I just payed the 1$ for the app and it’s saying the same thing as Credit karma and you have to call a number just to cancel your subscription I should have known better

[sarahhunterhunter]

My fico 8 increased but my fico 2, 3, 5 dropped by 50 points in 1 month. Why did it do that?

[coziii.]

It’s the same

All the ones I checked are same

[NeutralOne]

Credit scoring system is 💩. There shouldn’t be so many models! Better yet, why are there so many models?

[XOAliciaMarie]

Non-QM Lending Professional here...can't tell you how many Investors and Mortgage Brokers would tell me their / their client's score as of "Credit Karma" and then I LAUGH, LOL😁😁

[deadair]

Yeah but my score was higher than I thought

[WellKnownToneBeats]

Same scores as credit Karma. Wow. Wasted my time again. All these credit card dudes give tin foil info. Always a hidden agenda.