Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Market
Discover To Provide Cardholders With Free FICO Scores On Bills
RIVERWOODS, Ill (11/20/13)--Discover announced Tuesday that it will provide credit scores to its cardholders free of charge.
 
Card holders will have access to their FICO scores on their monthly bill, Discover Financial Services said in a statement. The Riverwoods, Ill.-based firm said that the new service starts today for "Discover it" card-holders and will be provided to other customers in the next few months.
 
Discover, which has the second-lowest default rate among big U.S. card-issuers, is the first major credit card provider to offer free FICO scores directly to customers. Barclaycard US and First Bankcard of Omaha announced that they would be offering free FICO scores to their customers earlier this month (News Now Nov. 6).
 
FICO, which was named Fair Issac Corp. when it was founded, tabulates consumer credit scores used widely by lenders to determine potential borrowers' credit worthiness.
 
Previously, consumers who wanted to know their FICO scores had to sign up for a free trial subscription. Applicants who were denied credit or received less than they had asked for would also be informed of their scores.


RSS





print
News Now LiveWire
#creditunion cites prize-linked savings success in @WSJ http://t.co/3CXupUMx5d
1 hour ago
.@CFPB proposes mtg rule changes 2 facilitate responsible lending by small creditors, esp. in rural/underserved areas.http://t.co/sn6PnlS0EB
2 hours ago
#NewsNow Apple Pay interest booming at CUs, Western Union joins http://t.co/LsaoOYzAPx
4 hours ago
#creditunions, members share #databreach stories with media http://t.co/hGsnpkov8R
4 hours ago
.@CUCB #Creditunion #CherryBlossom Run registration transfer period is 2/1 - 2/28. Read more here: http://t.co/wup6XPWtcC 2of2
5 hours ago