@Anonymous wrote:
Shame CCT had to change, but not overly surprised. It was a great deal while it lasted. However, the sudden, short notice is surprising. It could be FICO increased their licensing costs and/or changed terms of use?
Another possibility is the cost of bureau access increased, though CreditKarma has made no changes recently - can still be pulled once per week, though used to be daily way back. So it could the cost of pulling TU / EQ had something to do with CK cutting it back to weekly. However, my assumption is the licensing costs of FICO is more than the cost of pulling.
A more simplistic possibility is Experian felt that CCT was too good of a deal. While that could be, the sudden, short notice makes me believe that it's related to costs of pulling and/or FICO licensing.
It's wrong how the bureaus and FICO make credit reports and scores difficult to obtain, considering how important they are in everyday life. While it's nice that FICO 8 scores are more widely available, it should be easier and lower cost with full detail (ie. showing DOFD and full reporting history) and "real" scores (ie. FICO 8 verses Vantage 3) that many lenders actually use.
As for CCT, I'll stick with them for now. The 3 bureau pulls with scores are very helpful in early rebuild, but become less so as one's credit situation improves. Furthermore, CCT will still provide daily EX reports with score, which for many people, including myself, is generally sufficient, since the data and score often in the same ballpark as EQ / TU.
I would assume it would have something to do with the costs of this new issue...
"A massive data breach at Experian, one of the country's major credit rating bureaus that companies use to conduct credit checks, has exposed the personal information of as many as 15 million T-Mobile consumers, according to the mobile carrier."
