We can presume FICO will peddle its scoring system to insurers to help them price insurance for an individual. Even thought insurers cannot simply deny coverage to an individual with a pre-existing condition
, they can price it so high that they know the individual will turn them down. The FICO score may also indicate to an insurer whether or not we have been truthful on their application. When paired with our Medical Information Bureau
information, insurance companies will know almost everything there is to know about us that affects their bottom line.
Employers may have many uses for such a score. It may help them decide whether to hire you or lay you off before they lay off someone else with a higher score, or support your efforts at improving your score if you are among their most valued employees.
Instead of accepting a prescription just because you always have, you'll want to discuss its necessity and use with your doctor
. Ask what the drug is, why you should take it, how much of it you should take and what to expect when you do. Just as important, push back if you don't think you will fill the prescription or think you may take it differently from the way it was prescribed. Remember, any variation in the doctor's intent and your real use will reflect negatively on your FICO score.
- If you can afford it, then purchase the drug, even if you don't take it the way you are expected to, then be sure to order your refills on the right schedule. For health purposes, you are expected to take the drug exactly as prescribed. But FICO will have no idea if you are actually taking the drug or if you are using it up too quickly. They will only know, and score you, based on the schedules the doctor determined, compared to when you actually make the purchases.
- Finally, if you want to go against your doctors' orders and buy foods or beverages, cigarettes or any other substance that may be detrimental to your health and that you've been told to avoid, pay for them in cash. Also, if you want to make a purchase of any of those products for someone else pay for them in cash, too. Do not use your credit card or an affinity card (those cards you swipe at the supermarket or pharmacy check-out for discounts) when you purchase them. FICO sees everything associated with a card, but they have no idea what you pay cash for. Note: This is not a recommendation that you should make these purchases. It's only a way to improve your FICO adherence score.