The credit scoring agencies Equifax (NYSE: EFX) and Experian are joining their competitor TransUnion (NYSE: TRU) in reducing their respective VantageScore 4.0 mortgage credit scores for 99 cents.
Equifax said it will continue to offer free VantageScore 4.0 credit scores to all of its mortgage, automotive, card, and consumer finance customers who purchase FICO scores. Experian has previously announced its Score Choice bundle, which provides VantageScore 4.0 at no cost to lenders who obtain a FICO score in 2026.
“Equifax is deeply committed to supporting the mortgage industry and the consumers it serves, especially as we navigate the most difficult mortgage market in decades,” said Mark W. Begor, Equifax CEO. “We view our role in expanding homeownership as a vital responsibility and with today’s announcement we are rising to FHFA Director Pulte’s challenge to also make mortgage costs more affordable.”
“Competition should translate into measurable savings,” said Michele Bodda, president of Experian Housing, Verification Solutions, and Employer Services. “By reducing the price of a standalone VantageScore 4.0 to 99 cents while continuing to offer it at no cost through the Score Choice bundle, we are taking decisive action to help lenders lower expenses while maintaining rigorous credit standards.”
