Free Credit Reports Scam

We've all seen the bad guys take advantage of the allure of "free" products on the Web. From "free iPods", to "free downloads", the Web is full of deceptive come on's. Even the government is susceptible. A well intentioned law to help consumers understand their credit history is in danger of being overwhelmed by scammers.

...We discovered sketchy behavior at a few of the sites that offer "free" credit reports. These sites don't acknowledge truly free credit reports at and automatically bill users if they don't cancel trial memberships.

...Other websites that claim to offer "free credit reports," "free credit scores," or "free credit monitoring" are not part of the legally mandated free annual credit report program. In some cases, the "free” product comes with strings attached. For example, some sites sign you up for a supposedly "free" service that converts to one you have to pay for after a trial period. If you don’t cancel during the trial period, you may be unwittingly agreeing to let the company start charging fees to your credit card. McAfee SiteAdvisor Blog: Free (Asterisk) Credit Reports

Linked by shanmuga Thursday, 19th October 2006 12:52AM