FICO is making additional versions of the FICO Score available to consumers. Anyone who buys a product with a base FICO Score 8 from myFICO.com now also receives up to 10 additional FICO Score versions ” five based upon Equifax data and five based upon Experian data.
These additional FICO Score versions will also be made available to qualified resellers and affinity clients that make FICO Score-based products available to their customers.
These include prior versions of the base FICO Score, as well as industry-specific FICO Score versions for auto and credit card lending decisions. An additional five FICO Score versions based upon TransUnion data will be available to myFICO customers in the coming weeks.
Along with the additional scores, myFICO.com customers receive the top factors that influence each score, and an explanation of which scores are commonly used for decisions on different types of credit products. This will help them understand how their credit profile appears to lenders evaluating them for mortgages, auto loans or credit cards.
This development supports FICO’s commitment to consumer empowerment, and complements its highly successful FICO Score Open Access program, which makes FICO Scores available for free to consumers. When lenders participating in FICO Score Open Access display the FICO Score, they are required to communicate to their customers the FICO Score version, the credit bureau on which it was based and the date it was calculated.
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