Military members and their spouses can get a free credit score, part of an effort announced Wednesday to improve the financial-readiness of active-duty troops and their families.
The free FICO score, offered by the nonprofit FINRA Investor Education Foundation, is intended to help military members save money and steer clear of predatory lenders, such as auto-title and payday loans that have targeted military bases.
The offer is open to all branches of active-duty military, including the U.S. Coast Guard. Normally, a basic FICO credit score costs $20.
To obtain their free credit score, military members and spouses can contact the personal financial manager on their base. For details: www.saveandinvest.org/military.