I originally wrote this up over at Credit Addict, but it’s important enough that I wanted to share it here, as well. Apparently Fair Isaac, the company that created the FICO score, will not be allowed to provide consumers with credit scores based on Experian’s data beyond February 14th, 2009.
In the past, you’ve been able to access your FICO credit scores based on data from all three credit bureaus (for a fee, of course) via Fair Isaac’s MyFICO.com website. While Experian has pulled out of their agreement with Fair Isaac, they will continue selling their own proprietary score directly to lenders.
This is bad news for consumers, as it means that lenders will now have access to information that their customers can’t see. Sure, you can still check your Experian credit report, but you won’t be able to see the number that really matters.
If you’d like to see your Experian score before it’s too late, your’ going to have to purchase it soon. One option would be MyFICO Credit Complete, which gives you all three FICO scores, but costs close to $50. Alternatively, if you’re okay with just receiving one of your scores, you can signup for the free ScoreWatch trial , which gives you free access to your Equifax-based FICO credit score. Note that this is a 30 day free trial, so be sure to cancel before it ends if you don’t want to be charged.