Experian's "Free" (Or Not Free) Credit Reports
The California Credit Law Blog refers to the not so free credit reports that Experian is pushing:
The NY Times reports that Experian is spending $70 million per years advertising its FreeCreditReport.com site where many consumers log on deceived into believing they will get a "free" credit report. For example, one person provided his credit card information thinking it was needed for identification only to find Experian charged him $14.95 a month for a credit-monitoring service.
The Experian website is not the one site where the credit report is free--that would be www.annualcreditreport.com. In 2005, the FTC sued Experian for deceptive marketing of its FreeCreditReport; Experian paid the FTC a fine of $950,000 settle.
We always recommend that pull your reports, review them, dispute errors, and file a suit if the errors are not corrected. Please contact us if you are having problems correcting errors on your credit reports.
