Experian Credit Scores to Go Dark

Written by admin - 2 Comments

If you want to see your Experian credit score, you’d better hurry. Fair Isaac, the company that created the FICO score, will not be allowed to sell credit scores based on Experian’s data beyond February 14th, 2009. In the past, you’ve been able to check your FICO scores based on data from all three credit bureaus via myFICO.com.

For their part, Experian plans to continue selling their own proprietary credit scores to directly to lenders. In other words, lenders will be able to check your Experian score, but you won’t be able to check it yourself. The timing for this is especially bad, in that creditors are raising their standards, and small scoring differences can make a big difference for borrowers.

“We are surprised that Experian made such a decision, particularly given what’s going on in the national economy and with consumers being concerned about their credit standing,” said Tom Quinn, vice president for scoring at Fair Isaac. “Their decision means that consumers will no longer be able to see or manage their scores based on the Experian data.”

If you’re interested in checking your Experian-based FICO score, your only real option is to buy it in the next week or so. One possibility would be to sign up for myFICO Credit Complete, which gives you all three credit scores, but also costs close to $50. Alternatively, if you just want to check in on things and are okay with receiving a single score, you can sign up for the free trial of ScoreWatch, which will give you free access to your Equifax score for 30 days. Just don’t forget to cancel.

Source: NY Times

Share and Enjoy:
  • del.icio.us
  • Digg
  • Facebook
  • LinkedIn
  • Twitter
  • Yahoo! Buzz

Published on February 5th, 2009 - 2 Comments
Filed under: Credit Reports, Credit Scores

Related articles...

» Contact Information for Experian, Equifax, and TransUnion
» Making the Most of Your Free Credit Reports
» 35 Secrets to Higher Credit Scores
» FICO Credit Score Changes Looming
» How to Improve Your Credit Score
» Reduced Credit Card Limits Hurting Credit Scores
» Fistfuls of Credit Cards: How Many Is Too Many?
» “Credit Crisis” Sale at myFico.com

If you found this article useful, please sign up to receive free e-mail updates:

You will receive only the daily updates, and can unsubscribe at anytime.

Comments (scroll down to add your own):

  1. Score Watch® is an Equifax product provided to consumers through myFICO.com. Score Watch® monitors important changes to your Equifax credit file and FICO® score. Those consumers who sign up for a Score Watch® subscription will receive their FICO® score based on Equifax, not Experian credit data.

    Demitra Wilson
    Equifax Personal Information Solutions

    Comment by Demitra Wilson — Feb 6th 2009 @ 10:40 am
  2. Deleted by author.

    Comment by Eric N. — Feb 7th 2009 @ 12:02 am

Leave a comment

Subscribe without commenting

Get free updates...

Articles via e-mail:

Search this site...


Credit card resources...

Recent articles...

Recent comments...

Most talked about...


    The terms of third-party offers referenced on this website are subject to change without notice. While we strive to maintain timely and accurate information, offer details may be out of date. Visitors should thus verify the terms of any such offers prior to participating in them. Please see our terms of service for additional details.