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Experian's Vantage Score now ignores paid collections?


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VantageScore is joint venture by all three CRAs in an effort to break the virtual monopoly FICO holds.


The new VantageScore 3.0 is the version that doesn't count paid CAs, whether medical or not. It also uses the new "fine grain" reporting that is now done by all CRAs and many creditors such as amounts paid each month, in addition to traditional info such as monthly balances. The addition of this new information is purported to provide a significant gain in risk scoring.

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I hardly believe it - but then, it's a FAKO score


think FICO will take this up?




They not only did this and eliminated paid collections from FICO 9, but they upped the ante by reducing the negative impact of unpaid medical collections. No doubt the interest by lenders in increasing the market size for debtors nudged FICO not to be outdone.

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