FICO is lifting the curtain for consumers on the 19 most commonly used versions of the FICO Score from the three major credit bureaus. Combined, the 19 score versions represent approximately 95% of FICO Scores sold and used by lenders.
The information will be delivered by myFICO.com. Consumers can view their base FICO Score 8 along with their credit reports and the additional versions of their FICO Scores from all three major credit bureaus ” Experian, TransUnion and Equifax. The additional scores include the versions that most U.S. lenders use for mortgage, auto and credit card lending.
FICO says it is addressing the consumer confusion caused by so-called ‘educational’ scores and rarely used scores.
The scores available at myFICO.com include six versions of the FICO Score from TransUnion, six versions of the FICO Score from Equifax, and seven versions of the FICO Score from Experian. These versions of the FICO Score will also be made available to qualified FICO resellers and affinity clients that make FICO Score-based products available to their customers.
More than 10 billion FICO Scores were sold to businesses last year, and the scores are used in 90% of lending decisions in the US.
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