FICO Offers Hundreds of Millions of Free Credit... - Other News

Advertising Disclosure

Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » News » Other » FICO Offers Hundreds of Millions of Free Credit Scores to Consumers

FICO Offers Hundreds of Millions of Free Credit Scores to Consumers

Add to Favorites:
FICO Offers Hundreds of Millions of Free Credit Scores to Consumers
April
19

FICO has hit a milestone when it comes to providing consumers with free credit scores via the FICO Score Open Access program, with over 200 million U.S. based consumer credit and loan accounts now offering consumers their free scores. When you do the math this means that more than 100 financial institutions offer their customers this benefit.

This is exciting news for FICO who sees this initiative as being an effective way to help consumers meet their financial goals.

“The FICO Score Open Access program offers unprecedented transparency in credit scoring to educate, inform and empower consumers,” said Marie Morel-Seytoux, senior director, Scores, at FICO. “The program allows millions of consumers to see the exact same FICO Scores used by their lenders for risk management decisions. This access helps consumers better understand their financial health and how lenders view their credit readiness. There is no substitute.”

The scores offered by FICO Score Open Access are the ones actually used by the lenders, and come along with information on which factors are affecting the individual’s credit score. These scores are delivered via mobile devices, paper statements, and the bank’s websites.

FICO teams up with Operation HOPE

Along with the news of FICO’s expanded reach with the FICO Score Open Access program, comes the announcement that they are working with Operation HOPE, a global financial dignity and economic empowerment nonprofit. Here, too, they will be offering consumers access to their credit score for free, and this partnership takes FICO’s financial literacy and consumer empowerment initiative into new communities.

This partnership is designed to support HOPE Inside, a program that delivers Operation HOPE counseling directly into communities for free. The program provides people in these communities with access to information on everything from credit and money management, and homeownership preparedness, to small business entrepreneurship.

With this new partnership coaches working at over 50 Project Hope locations in the U.S. will be able to easily check their clients FICO Scores to help them have a better understanding of where they are at financially and what they can do to improve their scores. They will also get access to a wide range of educational materials as well.

All credit cards terms, fees and rates mentioned in this article/post are actual on the posting date. See the current products’ Terms & Conditions on the issuing banks' websites.
Add to Favorites:

Related News:

Ethoca and FICO Fighting CNP Fraud
Ethoca and FICO Fighting CNP Fraud

Posted: January 27, 2017

FICO and Ethoca, a technology company, are partnering up on a project providing card issuers and online merchants with a way to not only boost card acceptance, but to thwart ecommerce fraud and disputes. Continue reading
Checking Credit Scores May Improve Financial Health
Checking Credit Scores May Improve Financial Health

Posted: June 27, 2017

If you have been wondering if you should check your credit score more than once a year, according to a new study by Discover, the answer is yes. The study found that 70% of people, who checked their score on a monthly basis, or even more... Continue reading
Love, Divorce, Stress & Credit Scores
Love, Divorce, Stress & Credit Scores

Posted: February 14, 2017

Is chocolate, flowers, jewelry or a trip in the works for Valentines Day? Whatever you are planning on gifting to your lover, you may want to take a look at your credit score because it could predict your relationship future. Continue reading
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
We'll match all the Miles you've earned at the end of your first year. For example, if you earn 30,000 Miles, you get 60,000 Miles.
For Excellent, Good Credit
You could turn $150 into $300 with Cashback Match™. Get a dollar-for-dollar match of all the cash back you've earned at the end of your first year, automatically.
For Excellent, Good Credit
No Annual Fee. See WebBank/Fingerhut Credit Account Terms.
For Bad Credit