Experian FICO ?

[haulingthescoreup]

When FICO sells us a score, they have to pay Experian (or Equifax or TransUnion.)

If a credit bureau sells a FICO score, they have to pay FICO.

While I certainly don't claim to read the minds of decision-makers at the credit bureaus, I can easily imagine them thinking, Hmmm, most consumers don't know about FICO vs non-FICO scores. We could sell them a FICO score and have to share the proceeds with FICO, or we could sell them a non-FICO credit score and keep the money for ourselves.

It would certainly be a sensible business decision from the bureaus' viewpoint to sell a score from which they kept all the proceeds.

[marty56]

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@haulingthescoreup wrote:

It would certainly be a sensible business decision from the bureaus' viewpoint to sell a score from which they kept all the proceeds.

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I find it odd that TU is the only CRA to offer a non-FICO score as part of thier monitoring service that is actually used.  It is unlikely that the EX and EQ would hope that the lenders use their FAKO  scores since they know that the lenders are slow to adopt even FICO score model changes.  IMHO the FAKO scores offered by  EX and EQ provide are just used as bait to get pople to sign up for their service. 

LOL how many EX FICO score threads do we need.

[haulingthescoreup]

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@marty56 wrote:

...LOL how many EX FICO score threads do we need.

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Hope springs eternal, I guess.

[marty56]

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@haulingthescoreup wrote:

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@marty56 wrote:

...LOL how many EX FICO score threads do we need.

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Hope springs eternal, I guess.

LOL I think I have better odds winning the $237 Mega Million lotto.  Not that I would complain of course. 

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