They take your credit history and send it to FICO, who looks at it and calculates a score based on the data. This is why you can get different scores from different bureaus. Equifax might be ...

The CFPB also found that Equifax allowed previously deleted errors to be reinserted into credit reports and used flawed software code, which led to inaccurate consumer credit scores. In theory ...

Poor The three major credit bureaus (Equifax, Experian, and TransUnion) calculate credit scores based on information creditors report to them on consumers, such as whether bills are being paid on ...

The bureau also found that Equifax shared inaccurate credit scores and data about consumers with lenders. Coding errors in Equifax's internal software caused the company to miscalculate and share ...

Experian, TransUnion, and Equifax are the three major credit bureaus, with Experian being the largest in the U.S. market. FICO® Score is the most commonly used credit scoring model, influencing ...

leading to inaccurate credit scores. In a statement, a spokesperson for Equifax said the settlement "turns the page" on the matter, which it first disclosed in 2022, and that it will continue to ...

and of using a flawed internal software code that miscalculated and shared inaccurate credit scores for hundreds of thousands of consumers. Without admitting or denying the findings, Equifax has ...