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Business Credit Score

Wells Fargo Repeats Free Credit Score Promotion

Wells Fargo is once again providing access to free credit scores and complimentary credit reports to its consumer customers through April 15, 2013. And, to help encourage consumers to set financial objectives, the company will also launch Share Your Goals, an online, social media sweepstakes that will put $10,000 in the hands of one grand prize winner. An additional 12 sweepstakes participants will each win a $500 Wells Fargo Visa gift card – for a total of $16,000 in cash and gift cards to 13 randomly-selected consumers simply for sharing their financial aspirations.

“By deliberately setting a financial goal, a consumer is taking the first step toward achieving it,” said Tom Wolfe, head of Wells Fargo’s Consumer Credit Solutions Group. “Whether you’re preparing to buy a car or thinking about how to fund a college education, understanding your credit situation and how to strengthen it puts you in the driver’s seat to make the best choices to achieve your financial goals.”

More than 280,000 customers took advantage of Wells Fargo’s first coast-to-coast free credit score promotion, held in Oct. 2012. Most adults have reviewed neither their credit score (55 percent) nor their credit report (62 percent) in the past year, according to the National Foundation for Credit counseling. Wells Fargo hopes to help change those statistics because a consumer’s credit situation plays an important role in reaching their financial goals.

From March 1 through April 15, 2013, all Wells Fargo consumer customers have access to a free, no-obligation Experian custom VantageScore and a complimentary credit report.

Customers can take part by visiting any Wells Fargo location and asking a Wells Fargo banker for a brochure containing a personal access code. After customers review their credit score and credit report, they may choose to meet with a banker to discuss their credit situation. Typically, if consumers wish to check their credit score, they pay a flat fee or sign up for a service, such as credit monitoring, and pay a fee.