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Crook Alert!! Costly "Free" Credit Reports.com
NYTimes 11-18-09 Costly Free Credit Reports
- "Free" Credit Report.com has tricked many people
Costly Free Credit Reports Federal law guarantees free credit reports each year, but many consumers who got theirs from FreeCreditReport.com unintentionally paid for an expensive credit monitoring service.
Free Credit Report.com Scam
I wondered who was paying for Experian's annoying Free Credit Report.com TV commercials. Now I know. Many people who request the "free" credit reports fail to read the fine print and unknowingly sign up for an expensive ($179.40/year) and, for most people, unnecessary credit monitoring service. An article and video from the 11-18-09 NY Times is linked below. There is only one absolutely free source of free credit reports. It is--
Read the fine print before signing up for "free" services and allowing monthly charges to your credit card or debits to your checking account! Ancestry.com has also experienced many complaints from unhappy customers who have had difficulty stopping the credit card charges or bank account debits.
A credit card company tried time after time to sign me up for a similar credit monitoring service using scare tactics about all the dire possibilities that their service would prevent. However, they acknowledged in the spiel what the monthly charges would be after the "free trial period."