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
Consumer spending is slumping #Market #Economy http://t.co/RI4HS68IuJ
9 hours ago
April is #NationalFinancialLiteracyMonth & @TheNCUA Chair Matz urges #creditunions to help members learn to manage/protect their finances.
10 hours ago
Fed. FI regulators' statmnts on compromised credentials/destructive malware #cybersecurity http://t.co/f4uTBDm1PU http://t.co/zP5Iw6VxZc
12 hours ago
Home prices rising faster than wages: @RealtyTrac #NewsNow #Market http://t.co/wa74mnw3Cu
14 hours ago
.@Nussle dropped by the @ACUMuseum recently. Read about his visit http://t.co/bYe8RRgYLP
14 hours ago