Recently I moved to a new state and needed to get signed up with the local electric company. They ran a credit check on me and determined that I needed to pay a $200 deposit. They said this was because my credit score from Experian was less than 500.
I had run into some credit issues that turned out to be a bad account being put on my credit report. I had this fixed but I thought that something like this may have happened again. So I paid $15 for my credit report + score from Experian only to find out my score was > 700 and that there was no negatives on my account.
I contacted the power company that told me the score they received was my TEC score which may differ from my FICO score and that I would have to take it up with Experian.
My questions (sorry for the long winded intro) are...
- What is my TEC score, how is it different from my FICO score?
- Is it possible / likely that my TEC score would be 200 points different from my FICO?
- What rights do I have to the information contained in my TEC score?
I tried scouring Experian's site for info, but all the info they have for TEC is trying to sell it to companies.
Thanks for any help or advice!