Credit bureau drops access to credit score

One of the three credit bureaus, Experian, is dropping access to their FICO score. This means only 2 of the 3 scores used to judge consumers on their loan-worthiness will be available to the public. MSN's Liz Pulliam Weston describes what this means in this article.

I personally am going to be contacting my congressmen about this. Congress finally got its act together in the past few years and gave everyone access to their credit report via annualcreditreport.com (no, freecreditreport.com is not the correct site, and is somewhat of a scam, regardless of what the catchy jingle says). However they need to go further and give everyone access to their FICO score for free. I recently noticed a mistake on my credit report, and got it fixed, but only after I payed $13 just to see my score. In this economy, I have a hard time believing people will be able to fork over almost $40 just to see their most recent credit score.

The link to your House Representatives and Senators can be found here and here.

You can copy and paste this text into the box:

Dear Congressperson or Senator, please lobby for reform in regards to FICO scoring. Consumers
should have access to BOTH their credit reports AND credit scores, from all
three credit bureaus (Experian, TransUnion, and Equifax) for FREE. Consumers
should also have access to the secret scores keep by insurance and other
financial service companies. This article details why this is best for
consumers, i.e. your constituents.
http://articles.moneycentral.msn.com/SavingandDebt/ConsumerActionGuide/tell-congress-no-more-secret-scores.aspx?page=1

UPDATE: Some of you may be wondering how this affects your investing? Well, higher credit scores translates to lower interest rates on debt, meaning more money left over to invest. As Martha Stewart would say (in the ultimate sense of irony), "It's a good thing!"

Outraged? Disagree or don't care? Share your thoughts in the Comments section.