Customers of Progrexion’s consumer brands will now receive the credit score used in more than 90 percent of US lending decisions
SALT LAKE CITY, May 23, 2016 – Progrexion, a leader in credit report repair services for consumers in the United States, has announced that it will begin providing FICO® Scores to customers of its consumer brands.
“By providing FICO® Scores, Progrexion is demonstrating why it is the leader in the credit report repair business,” said Geoff Smith, vice president for consumer scores at FICO. “When consumers are actively working to repair their credit reports and improve their financial health, it’s critically important for them to understand the benchmark lenders use for evaluating creditworthiness, the FICO Score. For too long, consumers receiving something other than a FICO Score have been given the impression that what they’re getting is widely used by lenders, when in fact it is not. All consumers, especially those restoring their financial health, deserve to see how banks actually view them. We applaud Progrexion’s efforts to provide consumers the best possible experience, including the industry-leading FICO Score.”
FICO® Scores are used in more than 90 percent of U.S. lending decisions, making them by far the most widely used credit scores. They help lenders make decisions about extending credit, including interest rates and other terms. FICO® Scores are based on a complex, mathematical assessment of the information in a credit report. They provide an unbiased and proven way to evaluate an individual consumer’s credit profile — helping people obtain credit fairly.
“As the leading consumer advocate for fair and accurate credit reporting, we are consistently enhancing both the services and information we provide to consumers,” said Mike DeVico, president and chief operating officer for Progrexion. “The FICO Score is the best indicator of a consumer’s credit standing, as it is the score used by top lenders when making consumer credit decisions. Providing consumers with this valuable information will better position them to improve the quality of their lives. We encourage consumers to be active in understanding and managing their credit profile, and that starts with knowing their FICO Score.”
Progrexion provides a full range of credit report repair services through CreditRepair.com, its wholly-owned subsidiary, and Lexington Law, an independently-operated law firm. Progrexion’s technology and services help people access and better understand their credit reports, and verify whether that information is fair, accurate and substantiated.
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Progrexion is the leading provider of credit report repair services in the United States. Progrexion’s technology and services help consumers access and understand information contained in their credit reports, verify whether that information is fair, accurate and substantiated, and correct inaccuracies with individual creditors, other data furnishers and the national credit bureaus. Progrexion technology and services are used by CreditRepair.com, its wholly-owned subsidiary, and Lexington Law, an independently-operated law firm. Learn more at www.progrexion.com.
FICO (NYSE: FICO) powers decisions that help people and businesses around the world prosper. Founded in 1956 and based in Silicon Valley, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO holds more than 165 US and foreign patents on technologies that increase profitability, customer satisfaction and growth for businesses in financial services, telecommunications, health care, retail and many other industries. Using FICO solutions, businesses in more than 100 countries do everything from protecting 2.6 billion payment cards from fraud, to helping people get credit, to ensuring that millions of airplanes and rental cars are in the right place at the right time. Learn more at http://www.fico.com.