How FICO get the information to determine his credit score because they are not a credit reporting agency

How FICO get the information to determine his credit score because they are not a credit reporting agency -

Q: If each of the three reporting agencies credit have their own formula for determining a credit rating, resulting in three different scores, FICO how to get the information to determine his credit score because they are not a credit reporting agency

has: While it is true that different credit score providers use different formulas to calculate your credit score, they all base their scores on your credit report . This means that if you get your scores directly from a credit bureau or another agency such as FICO or IDENTITY GUARD ®, they have access to your credit reports to create your scores.

If you wonder how it happens, when you ask your FICO score (or any other credit check mark), you accept the Terms and Conditions stipulate that " ... You .provide" written instructions "under the Fair credit Reporting Act FICO allowing us to get information from your credit personal profile or other relevant information from one or more of the three national credit bureaus - Experian, Equifax or TransUnion - . or their affiliates or resellers "These Terms and Conditions allow FICO to get your credit report to determine your credit score.

For more information on credit scores, visit our FAQ on "What is a credit score." To get free credit scores, take a look at the free trials of our high credit monitoring services offer.