FICO® Score Open Access for Lenders and Service Providers
FICO® Score Open Access is a program that helps educate consumers on FICO® Scores and increases consumer access to FICO® Scores. FICO works with over 200 financial institutions to give their customers absolutely free access to the FICO® Scores they use to manage credit accounts. If your bank, credit card issuer, auto lender or mortgage servicer participates in FICO® Score Open Access, you can see your FICO® Scores, along with the top factors affecting your scores, for free. Below is a list of some lenders participating in FICO® Score Open Access. Look to see if your lender or service provider is listed.
If you are a lender or service provider partner and want to share FICO® Scores with your customers, contact us.
FICO® Score Open Access for Credit and Financial Counseling
FICO® Score Open Access for Credit and Financial Counseling enables credit and financial counseling providers to share FICO® Scores with their customers. The program was designed specifically for credit and financial counselors to increase consumer understanding of FICO Scores and their importance in everyday financial decisions. Over 100 counseling organizations are participating, and more than 250,000 credit scores have been shared with consumers through this program.
If you want to learn more about the program, please click here.
While most lenders use the FICO Score 8, mortgage lenders use the following scores: Experian: FICO Score 2, or Fair Isaac Risk Model v2. Equifax: FICO Score 5, or Equifax Beacon 5. TransUnion: FICO Score 4, or TransUnion FICO Risk Score 04.
The most widely used model is FICO 8, though the company has also created FICO 9 and FICO 10 Suite, which consists of FICO 10 and FICO 10T. There are also older versions of the score that are still used in specific lending scenarios, such as for mortgages and car loans.
Many lenders use FICO Scores to make decisions about credit approvals, terms, and interest rates. Chances are when you apply for a mortgage, an auto loan, credit card, or a new line of credit, the bank or lender is looking at your FICO Score.
Key Takeaways. A credit score is a three-digit number that measures your financial health and how well you manage credit and debt. FICO scores are a specific type of score that lenders can use when making borrowing decisions. The FICO credit scoring system is the most widely used credit score.
Address: Suite 447 3463 Marybelle Circles, New Marlin, AL 20765
Phone: +5816749283868
Job: Sales Executive
Hobby: Air sports, Sand art, Electronics, LARPing, Baseball, Book restoration, Puzzles
Introduction: My name is Jerrold Considine, I am a combative, cheerful, encouraging, happy, enthusiastic, funny, kind person who loves writing and wants to share my knowledge and understanding with you.
We notice you're using an ad blocker
Without advertising income, we can't keep making this site awesome for you.
