FICO Lets Lenders Share Credit Scores with Customers for Free

November 5, 2013
American Banker  

FICO announced Nov. 4 that it is teaming up with lenders to publish consumers' scores in their statements. The project, FICO Score Open Access, also will tell borrowers the primary two factors that influenced their ratings.

Consumers previously have had to pay to gain access to their credit scores on; or they are notified of their numbers if they are rejected for credit. The open access initiative, however, will provide the scores at no cost.

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