Lenders expect a 20% rise in credit reporting costs in 2025, driven by multiple price increases from credit providers and FICO's significant fee hikes.
Michael Metz from V.I.P Mortgage predicts a total increase in credit reporting costs, estimating lenders will absorb an additional $18-20 per borrower in 2025.
FICO's wholesale price increase from $3.50 to $4.95 per score signals a broader trend where credit bureaus are likely to follow with significant price hikes.
The anticipated rise in costs, amid ongoing financial pressures, could lead lenders to budget around $80-$100 for the standard tri-merge credit report and score bundle.
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