More Hurdles to Seeing Your Credit Scores
Posted by Elizabeth RazziJust when credit scores are more important than ever — because banks are being so exquisitely picky about them–the credit-score industry is making it more difficult for you to get the full picture.
And they’re still doing their level best to get you to buy something — your credit reports — that federal law says you can have once a year for free.
While reporting yesterday’s blog post I noticed a policy change the Experian credit report company had announced in February. Experian told the FICO credit-score company that it could no longer sell Experian-based scores directly to consumers, even though lenders could still see the three-digit scores. Experian wants that consumer-based business for itself.
FICO now sells, at $15.95 each, your score based on the Equifax credit report and the score based on the TransUnion credit report. To get the Experian-based score you have to pay Experian $15 directly. (Experian also sells a different “VantageScore,” which is less widely used by lenders, for $5.95. I wouldn’t call it a must-have.)
read full article here… More Hurdles to Seeing Your Credit Scores – Local Address – Buying, selling and owning a D.C.-area home..
