A month ago (on this very day), I wrote a blog post about new changes in the credit card industry. Last week it was reported that the Consumer Financial Protection Bureau (a.k.a. the nation’s largest consumer protection organization for financial products) called on banks to give consumers their credit scores for free.
That’s right FREE.
In my February 5th blog post, I told you about a new way some consumers are getting free credit scores (without any strings attached). Just in case you missed it, here’s a link to that post – How to Get Your Free FICO Credit Score.
Without any nudging from the Consumer Financial Protection Bureau, some financial institutions were already leading the charge and giving their customers free access to their credit scores.
One of those financial institutions is Discover Financial, which also happens to be my very first credit card. So in my post, I wrote—”I sure hope Discover starts offering free FICO® Credit Scores to all of their cardholders (myself included). ”
And you’ll never guess what I found on my credit card statement this month. You guessed it—My Free FICO Credit Score. Did the picture give it away?
Seeing is Believing [Read more…]