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Free Credit Scores Now Easier to Get
As of Jan. 1, 2011, you have a new right to see one of the most important — and, until fairly recently, most concealed — indicators of your creditworthiness. And for free.
Yes, that's right. Your credit score. Without charge.
A federal regulation took effect Jan. 1 that requires credit card issuers and other lenders to provide millions of applicants with the reasoning behind the interest rate assigned to the new credit card or the loan.
This rule applies to anyone and everyone who is assigned an interest rate higher — even fractionally higher — than the best rate offered to other consumers.