2007-05-28 15:12:07 · 16 answers · asked by Mr. Question 1 in Business & Finance ➔ Credit
Yes, they are a rip off.
Go to the Federal Trade Commission's website and use the link there, then you know it's the correct spelling.
"The Federal Trade Commission (FTC) advises consumers who order their free annual credit reports online to be sure to correctly spell annualcreditreport.com, or link to it from the FTC’s website to avoid being misdirected to other websites that offer supposedly free reports, but only with the purchase of other products."
2007-05-28 15:18:06 · answer #1 · answered by Alex 5 · 0⤊ 0⤋
You can get one annual free credit report from each of the three main reporting agencies from www.annualcreditreport.com . It is a calender year btw, so if you get one in October, you have to wait until October of the following year until your next free one. One suggestion is to go to the website, apply for one of the agencies' reports, then four months later check another one, repeat. That way you can check several times a year (chances are the three companies will vary slightly in their content).
If you go to a website that offers a free credit report, it is usually with the enrollment of their credit monitoring program. Usually, the first 30 days are free before they charge you. Before the annualcreditreport.com was available, I used to go to these sites, sign up, get my report, wait 2 days then call and cancel my enrollment (no charges). Just make sure you call and cancel your enrollment or you'll be paying!
I belong to a credit monitoring program called www.mycreditinform.com . It's about 5 bucks a months and I get a quarterly report plus a credit score check anytime I want (only from equifax). Plus they have a 1-800 number that you can call and talk with a credit specialist about disputing things on your credit report. They also have sample dispute letters on their webiste for members. I'm very happy with it.
oops...one more thing. If you get denied credit for any reason, you can receive a free credit report from each credit agency within 30 days of the rejection. Just contact each agency.
2007-05-28 15:28:27 · answer #2 · answered by Kathy H 3 · 0⤊ 0⤋
Most likely they do rip you off. Anyway, why do you want to know in the first place? If you pay your bills when they are due, then you probably don't even appear in any report. In addition, they ask you all kinds of personal financial questions. Why would you discuss your financial
situation with a credit report institution.
I say : It's a scam !
2007-05-28 15:19:28 · answer #3 · answered by I cannot believe it! 3 · 0⤊ 0⤋
Well yes they are. It also put a hit against your credit! But new laws have came into effect that you are aloud one free credit report a year per credit reporting agency( there is three) Trans-union, equifax, and experian. You can go to http://www.annualcreditreport.com and get a FREE credit report from all three w/o giving your credit card info. Hope it helps.
2007-05-28 15:18:37 · answer #4 · answered by kemalaraine 1 · 1⤊ 0⤋
Its a free credit report (when you sign up for....)
You are signing up for a subscription on those sites.
Federal law says you get a free credit report from each of the credit bureaus each year.... those are really free, and do not require a credit card.
www.equifax.com
www.transunion.com
www.experian.com
2007-05-28 15:15:57 · answer #5 · answered by Mike 6 · 0⤊ 0⤋
The only truly free reports are at http://AnnualCreditReport.com
ACR was set up by the big three credit reporting agencies in the United States, to furnish free annual credit reports, as required by federal law.
2007-05-28 18:10:42 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Each person gets one free credit report each year. It can be found at free annual credit report .com. The difference is the word annual, otherwise you get directed to the site that charges you and makes you become a member first.
2007-05-28 15:20:33 · answer #7 · answered by jamesnjaime 3 · 0⤊ 2⤋
Most states have laws where you are to get one free credit report each year from each of the credit reporting agencies... Other then that, don't listen to those companies who promiss something free..........
2007-05-28 15:15:46 · answer #8 · answered by just me 5 · 0⤊ 0⤋
They are going to sign you up for a subscription that will automatically debit your credit card unless you jump through all their hoops within the first couple of weeks. They will make it difficult to find out how to cancel and you will end up paying for a full year subscription.
Good Luck
2007-05-28 15:14:47 · answer #9 · answered by GUS 4 · 0⤊ 0⤋
Usually you get the first one free but what they do is start charging you every month to send you any inqueries that are made to your report. You can get the one free but make sure to read carefully and cancel or they will charge your card every month.
2007-05-28 15:17:41 · answer #10 · answered by thrill88 6 · 0⤊ 0⤋