The Free Credit Reports That Aren’t Free

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2 Responses

  1. Jeff says:

    Great post. I couldn’t agree more.

    Those commercials on TV do not mention a thing about credit monitoring. They get people all excited about their credit report and score. At the end a guy says under his breath, “requires enrollment in TripleAdvantage” without any explanation as to what that is.

    The text of the disclaimer on (which the FTC required as a part of the first settlement) is not many shades darker than the background, making it easy to miss.

    If the credit reporting agencies were serious about helping consumers prevent identity theft, they give them free, unfettered access to their credit reports to detect fraudulent activity. Instead, they threaten to turn over this potentially fraudulent information to your business partners unless you pay up.

    Sounds like a protection racket to me.


    Credit Monitoring is a Rip Off!

  2. Seth R. says:

    Getting your “free” credit report can be tricky even at the Experian, Equifax, and Transunion homepages. Even these people will try multiple times to direct you into similar “credit monitoring programs.”

    To avoid these pitfalls, it’s best to use the link provided at the FTC website.

    Even then, remember, you are entitled to a “free credit report,” not a free credit SCORE. Your free report will not include your score. Creditor lobbyists have, thus far, been successful in keeping this information secret from the citizenry.