Quick Answer
FICO 9 reduced the impact of medical collections and added support for using rental payment history - modernizing the model without replacing FICO 8 in most decisions.
Key Takeaways
- Medical collections weigh less than non-medical collections.
- Paid collections are ignored.
- Rental data can be incorporated when reported.
Adoption
Despite improvements, FICO 9 has seen slower adoption than FICO 8 in lender decisioning.
Frequently Asked Questions
Does FICO 9 replace FICO 8?
Generally no - lenders selectively adopt scoring models, and FICO 8 remains the most widely used in most consumer credit decisions.