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FICO XD is Changing the Way Consumers Build Credit

Titan Consulting

The new FICO XD scoring model retrieves information from sources like the National Consumer Telecom and Utilities Exchange to collect data on payments to utility, cell phone service, internet, and cable television providers and uses the payment history data from these and other sources to build a credit score. Which Lenders Use the FICO XD.

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Understanding Why You Have So Many Different Credit Scores

Titan Consulting

All three for-profit credit reporting agencies, Experian, Equifax and Transunion compile and report consumer credit and debt payment activity and sell this consumer information to lenders seeking to grant credit. To make things even more complicated, the free score you receive is not the same one your lender buys.