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     | Monday, July 17, 2000 - 03:06 pm  At http://www.fairisaac.com/servlet/SiteDriver/Content/912 you can read what influences FICO Scores. I highly recommend it for consumers who are NEW to Credit Scoring, but don't believe everything you're reading. Unfortunately, I myself have yet to find anything I didn't already know. There are a lot of links, but I seem to be going around in circles. Here is ALL I found on judgments and public records items: "Public record and collection items — reports of events such as bankruptcies, judgments, suits, liens, wage attachments and collection items. These are considered quite serious, although older items will count less than more recent ones. Details on late or missed payments and public record and collection items — specifically, how late they were, how much was owed, how recently they occurred and how many there are. A 30-day late payment is not as risky as a 90-day late payment, in and of itself. But recency and frequency count too. A 30-day late payment made just a month ago will count more than a 90-day late payment from five years ago. Note that closing an account on which you had previously missed a payment does not make the late payment disappear from your credit report." This makes it sound like PAYING a collection would increase your Scores. HOWEVER, I have been told SEVERAL TIMES by Fair Isaac that paying collections will NOT increase your Scores. I get the idea that Fair Isaac is just trying to get people to pay everything in hopes of increasing their Credit Scores. Remember that Fair Isaac doesn't make a penny off the consumer, the CREDITORS pay Fair Isaac. One hand washes the other, and who's going to complain about a little deception on their web site? MY recommendations on Improving your Credit Scores Maybe I really missed something at the Fair Isaac site and somebody can get the answers to the following very simple questions (please include the quotes): 1) Will paying a judgment increase your Score? 2) Will a judgment at the time of or PRIOR to the bankruptcy decrease your Score? 3) Will a second judgment at the same time decrease your Score? 4) Why did the Credit Scores at http://www.bayhouse.com/FICOisFRAUD.html vary by as much as 24 points from one day to the next without ANY changes on the reports? During my last call to Fair Isaac a few weeks ago, I asked about the listing of all the Score Factors for declines, but I was told they are not publishing those. If seen those at a lender's site, but couldn't find it now. That's a VERY handy list to have, in my opinion 100 times more useful than anything on the Fair Isaac site. If anyone has a link, please post!
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