The LA Times is reporting that Experian will stop selling FICO scores to individual consumers. FICO is used by the majority of lenders to determine the credit-worthiness of customers. Many financial advisors recommend getting your three FICO scores before negotiating loan terms for large items, such as a home or automobile.
Experian will continue to sell its propritary PLUS score, as well as VantageScore, which it developed with TransUnion and Equifax. Some people close to the industry believe that Experian is trying to force more utilization fo the PLUS score by keeping FICO out of the hands of consumers. Commercial customers will still be able to get the FICO score from Experian.
Today is the last day that a FICO score can be purchased from Experian.
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