FICO (NYSE:FICO) announced it is providing consumers with access to the 19 most commonly used versions of the FICO® Score from the three major credit bureaus at myFICO.com. Together, these 19 score versions represent approximately 95 percent of FICO® Scores sold and used by lenders.
The offering from FICO enables consumers to quickly understand their overall credit health. Consumers can view their base FICO® Score 8 along with their credit reports and the additional versions of their FICO® Scores from all three major credit bureaus — Experian, TransUnion and Equifax. The additional scores include the versions that most U.S. lenders use for mortgage, auto and credit card lending. This unprecedented level of transparency is intended to help consumers navigate a complex credit environment in which lenders use different versions of the FICO® Score for different types of lending decisions.
The scores available at myFICO.com include six versions of the FICO® Score from TransUnion, six versions of the FICO® Score from Equifax, and seven versions of the FICO® Score from Experian. These versions of the FICO® Score will also be made available to qualified FICO resellers and affinity clients that make FICO® Score-based products available to their customers.
More than 10 billion FICO® Scores were sold to businesses last year, and the scores are used in 90 percent of lending decisions in the US.
Source: FICO Press Release