Comments on: Friday Fun Video: FreeCreditReport.com

By: miranda

miranda — Tue, 09 Sep 2008 18:50:41 +0000

Thanks, wisequeen! Although it is worth noting that most banks will actually charge you the fee for pulling up your credit report. It’s usually one of the origination fees or closing costs.

By: wisequeen

wisequeen — Tue, 09 Sep 2008 18:31:41 +0000

There aint no free lunches baby and their aint no free credit report either, they can sell your new data to agencies and make you pay a monthly fee in the future. If you want one, ask for a bank loan they will get one for you.
I enjoyed your article on tax increase affecting investment cant digg it cant log into digg.
Good writing.
D

By: miranda

miranda — Fri, 05 Sep 2008 15:43:41 +0000

Thank you for chiming in, Sean. You are absolutely right that this is NOT a good idea. It’s expensive and unnecessary — despite the clever marketing.

For a free credit report, visit annualcreditreport.com. Even if you have used up your free yearly report, it is possible to get a 3-in-1 report from most bureaus or MyFICO for between $35 and $50. Much better than paying $39.95 every month.

By: Sean

Sean — Fri, 05 Sep 2008 15:40:21 +0000

Freecreditreport.com is a scam, a complete ripoff even beyond the fact that they are spending millions on advertising and selling something available for free.

My son fell for this scam and requested a credit report, nothing more. He gave a credit card – as they required – and it was one he never uses, just for emergencies. We realized they started billing it for $39.95 each month for some credit monitoring service. We called to get the three charges taken off and wasted hours and hours getting a well-planned runaround.

Finally we called the credit card company and had the charges charged back as invalid.

The clever commercials are targeting younger people, new credit card holders, who don’t know any better. Beware of this scam!