The Consumer Financial Protection Bureau has begun to urge credit card companies to provide credit scores for customers for free. This would be a major change from the way that most people access their credit information, through paid services or on free sites with strings attached. At this point there is no requirement for credit card companies to provide the information, but the industry is taking steps to voluntarily do so, with some taking action even before the recommendation.
As many people are aware, bankruptcy can take a major toll on a person’s credit score and after going through the bankruptcy process it may take a long time to rebuild an get a better rating. Being aware of one’s credit score and being able to access it from a reliable, secure source is very important. For borrowers who are seeking to repair their credit and start over after financial difficulties this can be an incredibly helpful tool.