Experian Based Fico Score No Longer Available

You can kiss your triple credit score goodbye next week.

Beginning February 14, Experian will no longer offer its credit score via MyFico.com, leaving only information from Equifax and TransUnion available to consumers.

That means programs like FICO® Credit Complete will no longer be available, and Suze Orman’s triple credit score pack will no longer contain data from Experian.

However, lenders will still continue to receive data from all three major credit bureaus, according to Fair Isaac, the creator of the dominant Fico score.

That means lenders will probably still use the median score to determine credit eligibility, though some creditors only rely on a single credit score, which could be Experian.

Bad news for us consumers, as we’ll be in the dark regarding Experian data, unless ordered individually direct from the company itself.

You’ll still be able to get an Experian credit score, but not a Fico-based score, so the data could vary from what the lenders see.

This is clearly an inconvenience for consumers, who in the past could purchase a triple-score and see all their Fico-based scores and credit reports in one place.

But it also represents Experian’s desire to be more of an independent credit score provider (the pair have litigious history).

Keep in mind that you can still get Experian credit bureau information from Annualcreditreport.com for free, though it doesn’t contain an actual credit score.

It’ll be interesting to see if Fico continues its dominance in the credit scoring space going forward, or if Equifax and TransUnion follow suit and venture out on their own as well.

Related Topics:

1. Experian to Offer Credit Score for Thin Credit Consumers
2. What is the Average Credit Score?
3. Fico Loses Trademark on 300-850 Credit Score Range
4. What is the Highest Credit Score?
5. New Fico Score to Include Authorized User Data