Fair Isaac Says Consumers Want Banks to Release FICO Scores

US Banker, June, 2002

To the Editor:

Your assertion in the May issue ("No Throng to Sell FICO Scores") was right: getting banks to sell FICO scores to consumers is a limited idea.

But you overlooked the most important reason banks are considering becoming alliance partners to our www.myFICO.com site: their borrowers want the insight that FICO scores and related financial information offer them.

Consumers are learning fast that managing their credit rating can have a tremendous effect on their financial life.They tell us they would prefer and expect this kind of information to be available from their bank. So the bank that helps them find out what their FICO score is and what it means has added real value to that business relationship.

Most lenders use scoring and many...

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