Consumer expert Clark Howard’s column appears here each Thursday in conjunction with Deal Spotter, a weekly print section in The Atlanta Journal-Constitution.
Credit education is coming back in vogue at big banks and some credit unions.
As just one example, Wells Fargo has a limited-time offer for customers where they’ll give you a free credit score and free credit report through Nov. 15.
Unfortunately, the score you get is not your real FICO score. It is a made-up score that’s assessed based on the bank’s own proprietary scoring model.
The only real, true credit score is from Fair Isaac, the myFICO people. But this option from Wells Fargo gives you kind of like a temperature reading of how you’re doing with your credit.
I’ve talked in the past about CreditKarma.com as another option for getting your free non-FICO credit score as well.
Why is your credit rating important? A