Credit Repair Advice For Consumers – FICO Credit Score Changes

Consumers need to know that as of February 14, 2009, Experian based FICO scores and reports, previously available at, are no longer available to consumers. As Barry writes at, “The change will be effective on February 14th, 2009. While Experian’s decision eliminates the consumers’ ability to see their own FICO® scores, it will not impact your (lenders) ability to use FICO® scores in your lending decisions.”

Experts agree that FICO® scores are the most widely used measure of consumer creditworthiness used by lenders in the Unites States. FICO® scores are credit scores computed by Fair Isaac Corporation using the company’s proprietary computational formulas. Fair Isaac Corporation uses the credit information that Experian, Transunion and Equifax compiles about each consumer and runs this information through their complex formulas to arrive at three FICO® scores – one score per credit report.

Why is Experian’s decision important to consumers? Those individuals interested in augmenting their credit scores, repairing their credit, or understanding how lenders are making credit decisions about them, now have one less reliable avenue through which to try to assess their credit position prior to borrowing. If knowledge is power, consumers now have even less power to understand their credit score and if need be, understand that they need to fix bad credit scores.


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