
We'll be discussing the FICO(r), score 9, and explaining what it all means. We'll also cover MyFICO as well as other options for a higher FICO(r), and how rent payments may affect your credit score. Before we get into all the details, let us first talk about the three factors that influence your FICO(r). You'll probably want to know what each one means to you, so read on.
FICO(r. Score 9
FICO(r), scores have been around over 25 year, but they are most popular and widely known. Lenders first began using FICO(r) Scores in 1989. There have been many developments since then. Consumer demands, data reporting practices, as well as credit-granting requirements. This is what you need to know regarding the credit scoring system. You should always keep your score as a priority!
The FICO(r] Score 9 has undergone several modifications compared to previous versions. The calculation of your score no longer includes medical debt. If you received a bill for surgery from a doctor, your score is likely to be lower than if a credit card bill was sent. Rent payments are a great way to build credit, since collections don’t affect your rental history.

Credit Score and impact of rental payment history
While it may seem unlikely that rent payments will affect your credit score or your credit rating, they do. Credit bureaus report this information to them. One factor that affects credit scoring is whether you have made timely payments or missed them. Most credit scoring models will look at your rental history, as well your overall credit history. However, there are some important things you should know about this credit reporting data. For more information, please read on.
Experian has found that 75% reported a credit score increase when they include rental payments in their credit report. The increase could be anywhere between 11 and 29 points. It will not seem like much at first, but it will really help. The impact isn't immediate, but it can go a long way toward improving your credit score. Read on to find out more about how your rental history affects your credit score.
MyFICO
When you have a low credit score, you might be wondering what MyFICO score 9 means. It can be accessed free of charge by your lender, credit counsellor, or credit card issuer. You may also have a negative credit report, but if you dispute it, you can lower your score. There are many ways to improve your credit score and lower your interest rates. These are just a few of the ways you can do it.
Medical Collections: Unlike in previous FICO scores, medical debt isn't considered as a large factor in determining a credit score. According to the Consumer Finance Protection Bureau the impact of medical collection on credit scores is less than that of other types. You shouldn't ignore medical collections accounts completely. While the FICO formula will now take medical collections into consideration, it isn't clear how much. These collections are not as significant than other types and won't affect your credit score as severely as other types.

You can also get a FICO(r), Score.
FICO(r) scores have been around for over 30 years. They are simply a measure of your creditworthiness. The newer version is called FICO(r) 9, and it was designed to be more credit-friendly to consumers. FICO(r) 9 takes into account rental history, payment history, medical debt, and makes these factors less important. You can also get a FICO(r), Score 9, by applying for debt consolidation loans, student loans, or home equity loans.
While FICO(r) 9 may seem like a big change, there are some things that you can do to boost your score. For instance, one option is to make your payments on time. Your FICO score will rise by 25 points if you do this. For a small fee, LevelCredit will allow you to access 24 months of your past payments. Remember that not all lenders yet use the newer model so you might have to wait a bit before your FICO score is available.