Definition
The Experian/Fair Isaac Risk Score is a consumer credit score supplied to lenders that is based on the FICO credit risk scoring model.
Analysis
Experian subscribes to Fair Isaac’s FICO credit scoring formula and then tweaks it to generate their own score. This score will likely be different from competitive score products from TransUnion and Equifax because it uses different a slightly different formula and is based on a potentially different set of credit records.
This score is not available to consumers. Instead, Experian provides the PLUS Score and VantageScore products to consumers seeking their own credit scores.
Commercial entities that subscribe to this credit score product make decisions based on the financial responsibility of the client. These decisions can include lending decisions, employment or insurance underwriting checks or even solicitation options.
