Wells Fargo Offers Free Credit Scores to Every Consumer Customer

Wells Fargo Offers Free Credit Scores to Every Consumer Customer

Encourages customers to take charge of their credit with free credit score promotion and credit education

SAN FRANCISCO--(BUSINESS WIRE)-- Consumers' credit profiles affect their ability to borrow and the interest rates they'll pay. And, lenders aren't the only people who use credit scores to make decisions - many insurance companies, cell phone providers and landlords do, too.


To help customers know where their credit stands and how to better manage their credit, Wells Fargo & Company (NYS: WFC) will launch two initiatives to encourage consumers to take charge of their credit situations:

      1.

Free Credit Score. A free credit score for every Wells Fargo consumer customer.

 
2.

Credit Education. Support of the American Bankers Association's Get Smart About Credit day on Oct. 18, 2012.

"Knowing how to use credit responsibly is an essential part of our customers' ability to reach their financial goals," said Tom Wolfe, head of Wells Fargo's Consumer Credit Solutions Group. "We want our customers to feel empowered to take charge of their credit and we believe we have an important role in providing the access and information that will help them do just that."

Free Credit Score

From Oct. 1 through Nov. 15, 2012, all Wells Fargo consumer customers have complimentary, no-obligation access to their credit score and credit report. Customers can take part in this program by visiting a store and obtaining a unique access code from a Wells Fargo banker. Typically, if consumers wish to check their credit score, they either pay a flat fee or they sign up for a service such as credit monitoring or identity theft protection and pay a monthly fee.

Get Smart About Credit

In support of the American Bankers Association Education Foundation's 10th annual National Get Smart About Credit day on Oct. 18, 2012, Wells Fargo will launch a month-long campaign to reach out to communities across the country and talk about the importance of credit and how to use it responsibly. Throughout October, team members will use the curriculum from Hands on Banking®/El Futuro En Tus Manos® to talk with young adults about the importance of managing their credit and using it wisely to reach their financial goals. The company has set a volunteerism goal of 60,000 hours.

"As our customers manage their finances coming out of the recession, we want to share credit and money management tactics that can help them succeed financially," said Angel Zapata, national manager for the Wells Fargo Foundation's Office of Financial Education. "This includes strategies to rebuild their credit and to plan for their financial futures."

About Wells Fargo

Wells Fargo & Company (NYS: WFC) is a nationwide, diversified, community-based financial services company with $1.3 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 stores, 12,000 ATMs, the Internet (wellsfargo.com), and has offices in more than 35 countries to support the bank's customers who conduct business in the global economy. With approximately 265,000 full-time equivalent team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 26 on Fortune's 2012 rankings of America's largest corporations. Wells Fargo's vision is to satisfy all our customers' financial needs and help them succeed financially.



Wells Fargo & Company
Jim Nawrocki, 415-222-1940 (Media)
jim.nawrocki@wellsfargo.com
Natalie Brown, 775-689-6123 (Media)
natalie.m.brown@wellsfargo.com

KEYWORDS:   United States  North America  California

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6 Comments

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Robert Ransom

This advertising is a real farce! Don't get sucked in! Nothing is found for "FREE" on www.wellsfargo.com/creditscore. Does anyone have an answer?

October 16 2012 at 5:15 PM Report abuse rate up rate down Reply
Francisco Gateb

I don't get it. How do I get the free credit report as you advertised on our local paper? I was even thinking of transferring my business and personal account to Wells Fargo - after your misleading and false advertising, I DON'T THINK SO!!! Frank 10/08/12

October 08 2012 at 5:17 PM Report abuse rate up rate down Reply
LibbyandBill

this seems like a joke. nothing is free.,or we are doing something wrong.we do want to buy a membership to any credit reports suppose to be FREE. what happened to the one time ,for being a new customer. will call the wellsfargo bank on monday to find out what the problem is. a wellsfargo costumer. 10 -05-2012 WILLIAM LILLY. .

October 05 2012 at 9:36 PM Report abuse rate up rate down Reply
LibbyandBill

This seems to be a joke. Every web site thats comes up wants you to buy a membership. ,or i must have done something.wrong. Thanks. for nothing,Sowe are not interesed.in your FREE CREDIT SCORE. From aWells fargo costomer.William Lilly . 10-05 -2012

October 05 2012 at 9:27 PM Report abuse rate up rate down Reply
Deborah Padilla

This is ridiculous!!! All I want is to get this free credit report. But nowhere on your web site does this allow me access.

October 04 2012 at 2:56 PM Report abuse rate up rate down Reply
Donna Zao

What a joke?! Wells Fargo first destroy our credit scores through predatory lending practices and wrongful foreclosures. Now, it offers us, consumers/homeowners free credit score to show how it scored against our financial lives.

Evidence - just one Wells Fargo mortgage loan proves that Wells Fargo has committed appraisal fraud, loan origination fraud, mortgage-backed securities fraud, wrongful foreclosure, fraud on-the-court and tax evasion.
www.wellsfargomortgagefraud.com

October 02 2012 at 11:27 AM Report abuse rate up rate down Reply