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For the first time ever, millions of consumers will have free access to their FICO Score.
I’m Ilyce Glink with today’s Real Estate Minute.
The FICO Score is the most common credit score used by lenders across the country.
FICO says it’s offering this opportunity to help consumers get a better understanding
of their credit. A recent study by the American Bankers Association showed that nearly 60
percent of Americans don’t know their credit score.
In addition to learning their score for free, customers will also see the two most
important factors affecting their score and receive educational materials to help them
understand their score and what impacts it.
“FICO Score Open Access” available to all financial service providers in the U-S.
Barclaycard and First Bankcard are the first to offer it to their customers. FICO expects
25 million customers to have access to the program through participating lenders by the
end of the year.
I’m Ilyce Glink, for more details and links visit my website, ThinkGlink.com, where we’re
rebuilding America, one house at a time.