You know you’re entitled to a free credit report from each of the three U.S. credit bureaus each year (go to:  Now you can get more insight into the lending process.  As of July 21, 2011, if

you get turned down or don’t get the best terms on a loan, credit card or insurance policy due to your credit score, you must be shown the score used to judge you.   

The five new required disclosures are:


  • Ø Your credit score.
  • Ø The range of possible credit scores under the model used to generate    the score.
  • Ø The key factors (at least four) that adversely affected your credit score in the model used.
  • Ø The date on which the score was created.
  • Ø The name of the person or entity that provided the credit score.


To learn more about credit scores, go to the FICO web site at