Is FreeCreditReport.com A Scam?

Click Here To Sign Up to FreeCreditReport.com

You've undoubtedly seen the FreeCreditReport.com commercials on TV.

Some people find these commercials funny; others find them annoying.

The point of this article is to give you some information as to how the company operates.

There is plenty of disinformation floating around about FreeCreditReport.com, so I thought that I would write an article and get some facts straight for you.

Q. Do I get a free credit report when I sign up for the site?

A. Yes. However, you will only receive your free credit report if you sign up for a free trial of the Triple Advantage Credit Monitoring service that the site offers.

This is a free 7-day trial that can be cancelled at any time.

If you don't cancel before the 7-day free trial period is over, then you will be billed $14.95 for every month that you continue to use the service.

Q. Can I receive my free credit report from this site without signing up for a free trial of the Triple Advantage Credit Monitoring service?

A. No.

Q. Who operates FreeCreditReport.com?

A. The company is owned and operated by Experian. Experian is a publicly traded company on the London Stock Exchange that currently has around 15,000 employees.

They are certainly a legitimate company.

Q. What is the Triple Advantage Credit Monitoring service?

A. This service will monitor you credit score on an ongoing basis, letting you know things such as:

1. Who is checking your credit.
2. If your scores are fluctuating.
3. If new credit has been recently applied for in your name.

This is a handy tool when it comes to preventing identity theft.

With the Triple Advantage Credit Monitoring service keeping an eye on your credit history, you will be able to move much faster if someone is trying to apply for credit in your name.

In addition, this tool is handy in terms of identifying problem areas in your credit report and attempting to fix the problems.

Q. How does the monitoring service work?

A. You will be alerted (via email) as to any "key changes" in your credit score, as well as of possible signs of identity theft.

Q. Wasn't the company sued for some reason in the past?

A. The company settled with the FTC (Federal Trade Commission) in 2005 for around $1 million dollars.

The reason? They weren't properly disclosing the fact that you would only receive your free report if you enrolled in the credit monitoring program.

The company does a much better job of disclosure now, and is very upfront as to what you need to do to receive your report.

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Click Here To Sign Up to FreeCreditReport.com






Filed under: Company Reviews