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Thursday, March 3, 2011

Free FICO Scores for Active Duty Military Members

The FINRA Investor Education Foundation announced today that it is giving active duty servicemembers and their spouses access to their FICO Scores and the educational information and tools in the FICO Standard service from

The FINRA Foundation is working with the Department of Defense's network of military financial educators and counselors to distribute the FICO® Standard service to the military community.

In addition to showing users their actual FICO Score, used by most banks and lenders, the FICO Standard service provides a FICO Score Simulator that analyzes the effect of specific behaviors, such as the impact of paying off a credit card, opening a new account, reaching credit card limits, obtaining a car loan or missing a payment.

Servicemembers and their spouses will have access to the FICO Standard service through the extensive network of military financial educators and counselors who work on every military installation in the United States and around the world.

For more information, see the announcement from FINRA.