Anyone who has recently applied for a mortgage knows that lenders are already looking much more closely at your financial affairs. But soon, they’ll be able to easily delve into the deepest recesses of your financial life, accessing information that never before appeared on your credit report.

A FICO Score is a brand of credit score — FICO stands for Fair Isaac Corporation and Fair Isaac is the company that developed the software program used by the credit bureaus to compile and calculate credit scores for U.S. consumers.

A new credit scoring model will potentially boost scores for many credit applicants and help establish credit for millions of people who previously had little or no credit history. The new scoring model will be used in the latest version of the VantageScore, the credit score created by the three major credit bureaus — Experian, Equifax and TransUnion.

There are a wide variety of myths floating around about what you should and shouldn’t do to improve your credit reports and credit scores.

Wells Fargo bank announced Wednesday it will be offering free credit scores and credit reports to all of its customers through November 16, 2014 — you can get these scores by obtaining a personal access code from a Wells Fargo branch. The bank also has provided some credit management tips on its website as part of the promotion. Wells Fargo also offered free credit reports and credit scores in 2013 and 2012.