FICO Expands Access to Credit Scores

FICO today said it is expanding access to its FICO Score Open Access program. The program changes the confidentiality rules related to the scores by allowing nonprofit and governmental credit counselors to share and discuss the credit scores obtained by the counselor on the customer’s behalf.

FICO estimated that the changes will provide better access for about 1 million borrowers to their credit scoring information. FICO scores are used in about 90 percent of U.S. consumer lending decisions. Experian, the credit reporting bureau, also said today that it would allow credit counselors to share Experian credit reports with clients.