Bill Would Allow Consumers To Get Free Credit Score When Receiving Free Credit Reports
By Chris Morran March 6, 2013
(Alec Peden)
Right now, U.S. consumers can check each of their three credit reports — from TransUnion, Equifax, and Experian — once a year for free through AnnualCreditReport.com, but getting your actual credit score will probably cost you. Legislation introduced today seeks to remedy this issue.
The Fair Access to Credit Scores Act of 2013 [PDF], introduced by Sen. Bernie Sanders of Vermont and Congressman Steve Cohen of Tennessee, looks to amend the Fair Credit Reporting Act to require that when any of the three major credit bureaus provide a customer with his or her free credit report, they also include “a current credit score generated using the scoring algorithm, formula, model, program or mechanism that is most frequently used to generate scores sold to creditors, subject to regulations of the Bureau, along with any information in the consumer’s file at the time of the request concerning credit scores or any other risk scores or predictors relating to the consumer.”
Read more at consumerist.com
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