Experian Fico Score

[CreditBob]

I have a contact down at Experian. So I will be sending in a letter to find out what it would take for MYFICO customers to be able to pull an actual score through them.

In the mean time I would like the moderators of MYFICO to elaborate what Experian had stated and why they would no longer do business with them? And what would the requirements be for Experian to even consider reversing it's decision?

[MarineVietVet]

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@CreditBob wrote:

I have a contact down at Experian. So I will be sending in a letter to find out what it would take for MYFICO customers to be able to pull an actual score through them.

In the mean time I would like the moderators of MYFICO to elaborate what Experian had stated and why they would no longer do business with them? And what would the requirements be for Experian to even consider reversing it's decision?

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That was before my time but here are some older threads from when this decision by Experian was made: http://ficoforums.myfico.com/t5/Experian-has-stopped-offering/bd-p/special_announcement.

From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

[smallfry]

Would you rather pay for the score or get it for free? Or is it a matter of principle? Cause if you want it evey month you can get it or you can fight the good fight and pay 15-20 bucks a pop. Me? I just joined PSECU and get it for nothing once a month. 

[CreditBob]

What is PSECU? How do I sign up?

[MarineVietVet]

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@CreditBob wrote:

What is PSECU? How do I sign up?

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It's Pennsylvania State Employees Credit Union and here is a thread telling how anyone can join PSECU.

From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

[RobertEG]

EX still does plenty of business with Fair Isaac.  It is the only way they can license the FICO algorithms necessary to produce FICO scores based on their database.  EX controls the data, and FI has the most lucrative scoring algorithms.

FI makes money from this licensing, and additionally, as I understand it, from each FICO score that EX vends to others. EX decided, for whatever reason, not to sell its scoring back to FI for sale on the FI consumer myFICO site. Apparently, a business decision that they could make more $$ by closing the consumer market through myFICO.

[veracious]

Creditbob,  when you pursue this matter could you try and find out why  Experian removed from the marketplace

a superior product only to replace it  with an inferior one.

Thanks.

[CreditBob]

Absolutely I will do my best to find out why. Here is how I look at it. We are consumers that pay the fee. So times the fee by multiple number of individuals that want their fico score. They are losing out on making money. And on a business stand point it makes no sense.