FICO® Scores are used in over 90% of U.S. lending decisions1. There are lots of “credit scores” offered to consumers, so it’s important to understand which score you’re getting and how much it is used, or not used, by lenders — and it's more important than ever to make sure you know your FICO® Scores.
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 160 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. Over 250 Million consumer accounts now have access to FICO Scores through this program. Below is a list of some lenders participating in FICO Score Open Access. Look to see if your lender is listed.
If you are a lender and want to share FICO® Scores with your customers, contact us.
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 165,000 credit scores have been shared with consumers through this program.
If you want to learn more about the program, please click here.
1. Mercator Advisory Group, Analysis, 2018