Consumers are now closer than ever to having the right to a free credit score. In fact, there's a good chance you'll receive free copies of your scores the next time you apply for any type of credit, including credit cards.
According to a press release issued by the FTC on July 6th 2011, final changes to the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act will require creditors to "disclose credit score information to consumers when a credit score is used in setting or adjusting terms." The new rules go into effect July 21, 2011.
It was originally thought that free copies of credit sores would only be provided when applicants were denied credit or received less than favorable terms; however, the final changes appear to limit exceptions to such a degree that most lenders will simply choose to provide free credit scores in all circumstances to remain compliant.