The Industry's Leading Source For F&I, Sales And Technology

Top News

Experian Ends FICO Score Sales to Consumers

February 19, 2009

Experian Group Ltd. announced that it would stop selling FICO scores after Feb. 13 to individual consumers through myFICO.com.   

"This development has no impact on how lenders and other credit issuers evaluate" an individual's creditworthiness, Experian said.   

The company will continue to offer its own scores, FICO scores and other credit risk scores to its commercial customers, such as lenders, to enable their credit-granting decisions.  

Experian will continue to offer its own proprietary PLUS credit score, as well as the VantageScore ratings systems, which it developed with the other two credit bureaus, TransUnion and Equifax Inc.  

Consumers are also entitled to one free annual credit report from each of the national reporting companies, as well as an option to purchase a credit score along with the report through AnnualCreditReport.com

Your Comment

Please note that comments may be moderated. 
Leave this field empty:
Your Name:  
Your Email:  

CLOSE [X]

READ NEXT

U.S. Driving Continues to Decline in 14-Month Trend

America's trend of declining driving continued into its second year with 3.7 billion fewer vehicle-miles traveled (VMT), or 1.6 percent less, in December 2008 compared to the same month a year earlier, according to the U.S. Department of Transportation.