02-04-2009 01:48 PM
This just goes to show that the CRAs and EX more specifically are not consumer oriented companies. Like any other business they cater to who they get their money from: their suscribers (lenders, CAs, etc. anyone who reports accounts to them)This also means that Fair Isaac - who is selling the ability to generate FICO scores to EX in the first place - is giving in to the EX "request" to not provide that information.By extension, this means Fair Isaac is not a consumer oriented company, as well, in my opinion. They apparently are more worried about losing their dominance in the credit score industry, and the money that gives them, than they are to standing firm against such a consumer-unfriendly "request".Now excuse me while I go get some mouthwash - I have a very bad taste in my mouth.
The scores themselves are generated at the credit bureaus; myFICO is simply the go-between, the conduit between the consumers and the CB's through which consumers can buy their scores.
If EX doesn't want to let consumers have their scores anymore, there's nothing myFICO can do to force them to hand them over.
02-04-2009 01:50 PM
This information should be free for people if our lives are determined by these scores. This is an excellent example of capitalism run-amuck! I'm glad that experian has decided to do this. People can get free credit reports, but they can't get the score for free or monitor it. This is like not being able to monitor your own bank account, in my opinion.
I'm so glad this forum exists. FICO is one of the biggest scams ever!!!
02-04-2009 01:51 PM - edited 02-04-2009 02:37 PM
02-04-2009 02:06 PM
02-04-2009 02:10 PM
I agree with you Wilee!! Considering our country's current credit situation, now more than ever consumers need to have access to their CR's.
Acces to one's CR is relatively easy. It is the REAL genuine FICO score that is so important
02-04-2009 02:18 PM
02-04-2009 02:18 PM
Hopefully someone will know. Does this mean that those of us who requested the monthly monitering will be re-imbursed?
02-04-2009 02:21 PM
there is no indication experian will be selling the score on their website.
also if you are talking about the score watch when you mention a monitoring product, that monitors equifax not experian.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.