Inforex Now Offering FICO® Score 9 with Credit Reports

Latest Version Considered "Most Predictive" Credit Score to Date
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Inforex Credit Score
Inforex Credit Score
ROSEVILLE, Calif. - Oct. 11, 2017 - PRLog -- Inforex is now utilizing FICO®Score 9 to determine credit scores as part of its tenant and business background screening services. As the latest version of its proprietary credit scoring system, FICO® Score 9 is being called the "most predictive"credit scoring system available.

FICO® scores have been used by lenders for more than 25 years to help them make decisions about whether to extend credit, and it is estimated that 90 percent of all credit decisions rely on some form of FICO® score. Inforex includes credit scores as part of its background screening services because the scores can be good predictors of a person's creditworthiness. Landlords can evaluate the score, among other parameters, to determine whether a tenant is likely to pay rent on time. The credit score is also one of numerous parameters businesses can examine to assess and mitigate risk from potential clients, customers, or business partners. However, credit scores are not provided in pre-employment screening packages, per the federal Equal Employment Opportunity Act.

The upgrades included with FICO® Score 9 were developed to provide a more realistic gauge of a person's creditworthiness by resolving credit issues that were believed to unfairly impact consumers. The three biggest revisions with the FICO® Score 9 are:

•    Medical collections debt will be treated more leniently than other types of debt. This is expected to help the 60 million or so Americans believed to have a medical collection record in their credit history. FICO® made the change because its research determined that unpaid medical accounts were not proving to be effective indicators of credit risk when compared to non-medical bills.

•    Third-party collections that get paid off in full will no longer have any negative impact on credit scores. This has long been considered an unfair measurement within the credit score because it was thought to penalize people who had made a serious effort to resolve their debt.

•    Reported rental history will now be factored into the score. This history, whether good or bad, was not previously accounted for by FICO®, and is expected to be of benefit to those with a limited credit history.

With more than 30 years of combined industry experience, Inforex is a leading background check company that specializes in conducting fast, accurate and technologically advanced background checks for landlords, employers and businesses.

FICO® is the Fair Isaac Corporation, a leading analytics software company that utilizes big data and mathematical algorithms to predict consumer behavior.

To learn more about how we can help you find the most qualified applicants and streamline your screening or leasing process, please contact our office today at 888-530-8828 for a free background screening consultation or visit our website at


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