Question:

Can you tell some more about the Experian credit score bureau?

Answer:

The Experian credit score bureau is one of the three largest credit bureaus in the US, providing credit reports and scores to millions of consumers. It provides FICO based credit scores, ranging from 300 to 850 and recently began using the Vantage Score.

The Vantage Score system was developed by the Experian credit score bureau together with Equifax and TransUnion in a joint effort to optimize credit scoring and make it more consistent, as well as to have some alternative to the commonly used FICO score. The FICO score is expensive to use and the bureaus, also called CRCs - credit reporting agencies, are probably trying to become less FICO dependent.

Under the Fair Credit Reporting Act (FCRA), each of the 3 major credit score bureaus in the US, including Experian, are required to provide a free credit report to every consumer. The credit report won't include the credit score and it has to be purchased separately.

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