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Pamilla Allen

CCRC Staff Writer & Credit Repair Expert
Pammila Allen has been a staff writer for CCRC & CardRatings.com since 2004. She has extensive knowledge about consumer credit issues due to work related experience for a small credit bureau in illinois for 4 years and a keen personal interest in the topic. She is also a moderator of the CardRatings.com credit forum, which boasts over 25,000 posts.

Credit Repair News & Information

FTC Amends Free Credit Reports Rule To Help Consumers Steer Clear of ‘Free’ Offers that Cost Money

For Release: 2/23/2010
Federal Trade Commission

http://www.ftc.gov/opa/2010/02/facta.shtm

April 2010 companies offering free credit reports must notify consumers that they can go directly to the National outlet for free credit reports.

www.annualcreditreport.com

877-FACT-ACT or 877-322-8228,

The ONLY authorized source under federal law.

There are a good many companies misleading consumers into thinking they can obtain a free credit report through them, only to discover later that they were required to sign up for a 12 month credit monitoring service.

Consumers should know that if they discover they enrolled in a monitoring service, they can call the credit monitoring service and refuse service, to ask for a refund. The credit card will still be charged, but a refund will later be issued.

Also if a consumer wants their credit reports to include credit scoring, that does come at an additional cost.

Just be careful not to listen to the hype on television from companies claiming to provide free credit reports to consumers.

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10 Responses to “FTC Amends Free Credit Reports Rule To Help Consumers Steer Clear of ‘Free’ Offers that Cost Money”
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