The only place to obtain free credit reports is from the 3 credit reporting companies, Experian, Equifax, and TransUnion, once every year. While there are quite a few companies that promise free credit reports, all of them come with strings attached and further hidden charges. Without exception, all but one of the ‘free credit report’ sites really sell you their added services in the fine print of the agreements and disclosures, that you examine and click through in the process of getting your credit report. Some sites are marketing credit monitoring, credit updating, credit fraud protection, and quite a few other ‘services’ that you genuinely don’t need.
For instance, most of us have seen the ads for freecreditreport.com. We all fall in love with the poor man, who is dancing in a pirate suit mainly because he could not get a great job since someone stole his identity and ruined his credit. Then we are stuck with the silly commercial jingle in our head for hours after the commercial ends.
The commercial misleads the customer into thinking that they can acquire their credit reports for free, when in fact, this is not the case. In order to acquire your credit report from freecreditreport.com, you need to input your credit card number. What happens is that you get a copy of your credit report and then thirty days later are hit with a monthly service fee for freecreditreport.com to keep track of your credit files. Freecreditreport.com also leads the customer to believe that monitoring their credit reports, working with their service, will guarantee that their identities will be secure from identity thieves, but that is data for another article. Freecreditreport.com is actually owned by Equifax, one of the credit reporting companies. So many consumers were misled that the FTC fined freecreditreport.com for misleading advertising. Now, the commercials have the conditions of the offer in fine print, listed for a couple of seconds during the commercial.
There also exist quite a few sites that are located in places like Nigeria and exist solely to steal your identity. They wait for you to input all of your personalized information and history and then steal your identity. They advertise that their credit reports are entirely free as they do not request for a credit card so they have no way to bill you for any services you do not want. Once you provide them all of your info, they can open up as many credit cards in your name as they desire to.
Freecreditreport.com is only one particular instance of the thousands of free credit report scams that exist on the TV and World-wide-web. The only authentic free credit report site is annualcreditreport.com. This web page is accredited by the FTC and will enable you to get a free credit report from Experian, Equifax, and TransUnion.credit report, Credit score, Debt, free credit report, out of debt