MyCardBlog

Mint.com is offering free credit score promotion—free FICO credit score for Mint.com users! This is a limited time offer which is ended on November 26, 2008. This is a special promotion from Mint.com partnered with myFICO.com to offer mint.com users a free credit score.

All mint.com users have received the email titled “Get a Free FICO Credit Score: Limited Time offer to Mint.com users”. The email indicated that:

Through an exclusive partnership with myFICO, you can get this valuable information free when you visit Mint.com before November 26, 2008.

What is FICO credit score?

First, FICO is the acronym for Fair Isaac Corporation, a publicly-traded corporation that created the best-known and most widely used credit score model in the United States. So FICO score is the credit score most lenders use to determine your credit risk. Your score is based on information the credit bureau keeps on file about you. The FICO score is primarily used in credit decisions made by banks and other providers of secured and unsecured credit. Only myFICO actually is offering FICO score to general US consumers. We usually get the credit score from our credit reporting agencies. However, those are not real FICO score. It’s not normal to see there are up to 100 difference in credit scores provided by credit reporting agencies. For example, TransUnion might say your credit score is 756, but Equifax indicates that your credit score is only 687! The reason behind this is those credit reporting agencies are only using similar model to estimate your FICO score but absolutely not real FICO score. Usually, people call those scores are FAKO score to distinguish from the FICO score.

Consumers who received the invitation email can login to Mint.com and click the “Get my FICO score now” tab at the mint.com account. This will lead you to www.freeficoscore.com which indicates that only the first 40,000 responding can get the free FICO score. It’s free. NO credit card required. And no obligation.

You need to put your SSN and address to verify your personal information to get the FICO score.

I have a post named “6 Web Based Personal Finance Tools” which introduces many web based personal finance tools. I think most of the users of the 6 personal finanace websites have received the offer. Since your FICO credit score directly influence your loan rate, and your other financial matters in your life, it’s important to know your FICO score. Do not miss this chance!