FICO has announced that U.S. consumers can now obtain their FICO Scores based on credit data from Experian, Equifax and TransUnion at a single online location, www.myFICO.com. This makes myFICO.com the destination for consumers to get the information and products they need to better understand their credit and manage their financial health.
“For the first time in years, consumers can obtain their FICO Scores and credit reports from all three major U.S. credit bureaus,” said Geoff Smith, vice president of myFICO.com. “This is important because many lenders use multiple credit reports and FICO Scores in credit decisions.”
While lenders consider different kinds of information when making lending decisions, this information almost always includes a credit report and FICO Score. A credit report is a history of a consumer’s credit activity, while the FICO Score provides an assessment of the information in the credit report in order to predict how well a consumer will handle credit in the future. Each FICO Score from myFICO.com is accompanied by a credit report from the corresponding credit bureau and an explanation of the credit information that had the greatest impact on the score.
"Consumer Action is pleased that the FICO Score based on Experian data will be available to consumers at myFICO.com," said Linda Sherry, director of national priorities for the 42-year old non-profit consumer education and advocacy organization. "Consumers need to know their FICO Scores from all three national credit bureaus because lenders use all three to determine consumers' creditworthiness and all three scores, when viewed together, give consumers the best indication of their overall credit history and current potential as borrowers."