The Credit Score You’re Buying Probably Isn’t Worth It


NEW YORK ( — Credit scores are how lenders and even some insurers and employers judge consumers. For a number that carries such influence, there are many gray areas that can create problems and confusion for consumers.

The July issue of Consumer Reports calls into question the value of consumers buying their credit scores. The reason? The FICO scores that millions of consumers buy each year for $20 are not the scores that car dealers, auto-finance companies and mortgage lenders use. The magazine reviewed the material that Fair Isaac provided to lenders and concluded that the scores consumers buy are inferior

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