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Fair Isaac Sues Credit Agencies

Two say the suit lacks merit.

Credit scorer

Fair Isaac


said it sued the three national credit reporting agencies over their VantageScore joint venture's credit scoring model.

Fair Isaac alleges that


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, Experian and TransUnion are engaging in unfair and anticompetitive practices, harming its own FICO credit score brand.

Fair Isaac claims the credit reporting agencies used false and misleading marketing and advertising claims to promote adoption of the score offered through VantageScore and were mischaracterizing Fair Isaac's credit scores.

Equifax and TransUnion said the lawsuit lacks merit, and that VantageScore increases competition by offering more choice,


reported. It said Experian declined to discuss the suit, not having seen it.

This story was created through a joint venture between and IRIS.