Interesting read: Experian Lawsuit

[CS800]

http://redtape.msnbc.msn.com/_news/2011/04/08/6501972-lawsuit-credit-score-sites-mislead-consumers

[lithium78]

I hope the lawsuit is a victory for consumers against Experian.  It is fraud -- plain and simple.  Their consumer business model is based on tricking people into thinking they are getting a credit score that lenders use.  Instead, consumers get numbers that mean absolutely nothing and are usually nothing close to their FICOs.  Consumers shouldn't have to go through their website with a fine-tooth comb looking for tiny disclaimers saying the scores are for "educational purposes only", when the scores don't even "educate" anybody about anything, since they are inaccurate.

[drkaje]

It'll be interesting to see what comes of this.

[Cloudlb]

Good.  Experian is the slimiest--hope they get kicked.  Figuratively speaking, of course. 

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Please keep the posts family rated please. 

MarineVietVet, myFICO moderator

[fused]

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@Cloudlb wrote:

Good.  Experian is the slimiest--hope they get kicked.  Figuratively speaking, of course. 

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In a lot of ways, I agree with you.

[ronniejr]

Its bad enough the scores were different  (like up to 30 points LESS comparing my TU score from FCR.COM and  MyFico) but the reports on FreeCreditReport.com were also off!! For 6 mos I was using it till I discovered MyFico.  Experian are money hungry, jerks.  Plus score sucks, pardon my french!! 

[Pap22]

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@ronniejr wrote:

Its bad enough the scores were different  (like up to 30 points LESS comparing my TU score from FCR.COM and  MyFico) but the reports on FreeCreditReport.com were also off!! For 6 mos I was using it till I discovered MyFico.  Experian are money hungry, jerks.  Plus score sucks, pardon my french!! 

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The same can be said about myFICO.com selling scores that most lenders don't use. See this thread: http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/35pt-difference-from-Lender-pull-vs-myFICO-pu...

[Anonymous]

I'm not sure if an actual credit report is included in the price but, the worst part, in my opinion, is putting out money for absolutely nothing (i.e. FAKO score).  I hope that this lawsuit will prevail for the plaintiff and Experian will be forced to put a real FICO score out in the marketplace once again.

[ronniejr]

yeah I read that too.  I noticed a huge jump the last month in my fico TU score.  Did MyFico finally switch to TU04 yet?

 I am also a member of Equifax and monitor my vantage scores the past year. As of 10/21/2011  my scores are very VERY consitant  with Fico and vantage:

FICO: TU695,  EQ695

VANTAGE:  TU694,  EQ696,  EX692

I really want to get my EX FICO score.  Does anybody know if the bank in PA is still offering EX FICO scores?

[drkaje]

There are too many scores.