As a consumer, you have been entitled to get a free credit report from each of the big three credit reporting agencies one time per year for quite some time however, if you wanted the credit scores that go along with it you had to pay a fee.
Well, the Financial Regulatory Bill that has been being debated by Congress for the past few weeks and that the U.S. Senate approved just last week has a requirement that lenders must provide you with the credit score they used if they happened to deny you because of it. This would include a denial of credit, the imposition of a higher interest rate on a current loan or if they did not hire you for a job because of your credit score.
The credit score amendment was introduced my Senator Mark Udall, D-Colorado.
The House bill does not contain similar provision however, the Senate and the House version will need to be reconciled together before they can pass the legislation and before it reaches the desk of the President.
Right now, the only way to get the FICO credit score, which is the most important and most used credit score, is to pay $15.95 at MyFico.com