Posted on Dec 16, 2013

According to an article in The Detroit News, 3 credit card issuers will begin providing free credit scores to consumers, including Discover, Barclaycard US and First Bankcard. This is very good news, because according to the article, this will permit about 35 million cardholders to obtain their credit scores for free.

Apparently this is happening because of a move by Fair Isaac Corp. to help more people see their score and get exposed to its products. Fair Isaac is the company that developed the credit score, which varies from 300 to 850.

Most lenders pay Fair Isaac to see the scores of potential borrowers when determining if they will approve an application. What has changed is that Fair Issac has agreed to let some lenders share the scores with customers. It’s not charging the lenders more to do so.

As a reminder you can obtain your credit REPORTS for free once per year, from the three credit bureaus. Go to to obtain them. It's recommended that everyone check their credit reports at least once per year, to check for mistakes or possible fraud.

But your credit SCORES have not been for free, at least not without going to a third-party site, which may also pitch the consumer with other products and services. And the third-party sites' scores are not the same as the ones that the creditors see, when they pay for and obtain your scores through Fair Isaac.

J Thomas Black
Board Certified, Consumer Bankruptcy Law- Texas Board of Legal Specialization