myFICO Reintroduces FICO Scores from Experian Data for Consumers

myFICO has announced that they will once again offer FICO credit scores that are powered by Experian data to consumers.

This is a major boost for consumers, as you can now get your FICO scores from all 3 major credit reporting bureaus including Experian, Equifax, and TransUnion.

As of February 14, 2009, myFICO Stopped Offering Experian FICO Scores to consumers, and only provided FICO scores from Equifax and TransUnion.

However, I just reviewed the myFICO.com website, and it looks like myFICO has quietly reintroduced Experian data-driven FICO scores to their suite of products for consumers.

So you can now get your FICO Score powered by Experian data and compare all 3 of your FICO credit scores from Experian, Equifax, and TransUnion.

This is a big deal, because while banks and other creditors have always had access to your FICO scores from all 3 bureaus, consumers have only had access to FICO scores from Equifax and TransUnion up until now, so there has been no way of reviewing your complete FICO credit score ratings from all 3 bureaus before applying for credit.

Experian continued to offer PLUS credit scores to consumers during this time (and they still do), but creditors only review your actual FICO scores, so PLUS scores are not really a reliable way to review your credit rating.

Of course, you have always been able to get your Free Credit Reports at least once a year from all 3 credit reporting bureaus, but your FICO credit scores are the main way that creditors review your eligibility for loans and other forms of credit, so it’s important to know them as well.

Review more details about myFICO.com Credit Services to see how to order all 3 of your FICO scores.

Leave a Reply

Your email address will not be published. Required fields are marked *