Experian Cuts Access to Credit Scores

Consumers are about to know 33% less about their credit rating

By Rob Quinn, Newser Staff

Posted Feb 13, 2009 7:37 AM CST

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Experian Cuts Access to Credit Scores — Consumer advocates have criticized Experian's decision to stop making credit scores available to customers (Shutter Stock)

Knowing their credit rating will become one-third harder for consumers as of tomorrow, USA Today reports. Experian, one of the three major companies that calculates credit scores, has canceled its deal with the company that provides the info to consumers, meaning millions will lose access to Experian's version of the widely used FICO score.

Consumer advocates slammed the decision as reducing transparency at a time when it's more important than ever for people to monitor their credit rating. "You now have access to 33% less important information you should have access to," one said. "If you've been declined a loan because of your Experian credit score, good luck, because you can't get it." Experian will continue to sell its information to companies.
(More Experian stories.)

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