Can You Really Get a Free Credit Report — Without Getting Scammed?

4 tips for getting the free credit report you are entitled to: Internet ScamBusters #163


Internet ScamBusters™

The #1 Publication on Internet Fraud

By Audri and Jim Lanford

Copyright © Audri and Jim Lanford

All rights reserved.

Issue #163


Hi Everyone,

Today we’ll focus on how to get a free credit report without getting scammed (which

unfortunately is not as easy as it should be).

First, we wanted to share this week’s top articles from our other sites and blogs

with you:

The Scary Truth about Brazilian

Diet Pills

Yes, You Can Lower

Blood Pressure Naturally

Building

an Aquarium Can Make the Winter Days Fly By

Three Baby

Shower Gifts That Are Sure to Be a Hit

Onto getting your free credit report…


Can You Really Get a Free Credit Report — Without Getting Scammed?


As of September 1, 2005, everyone in the US is now entitled to get a free copy

of their credit report from each of the three major credit bureaus each year.

Unfortunately, many people are finding that actually getting their free credit

report seems close to impossible.

That’s because bogus websites are tricking people into paying — and even the

major credit bureaus make it quite difficult.

In fact, by now you’ve probably seen the advertisements on the Web and in your

inbox. Companies left and right are offering to provide you with your free credit

report — but for a fee.

OK. So how is it a free credit report if you have to pay for it? That’s exactly

what we were wondering.

Don’t Pay For Something You’re Entitled To

A bit of background: There are three major companies that track and report your

credit history. These three companies are Equifax, Experian and TransUnion.

All US consumers are entitled to one free credit report each year from each of

these three credit bureaus.

So while there are hundreds of companies who would like to charge you for receiving

your credit report, the truth of the matter is, this is a service you’re now entitled

to by law each year at no charge.

So how do you muddle through the mass of free credit report offers without getting

taken for a ride?

Surfing the Web

Many people simply type in "Free Credit Report" into their favorite

search engine hoping to hit gold. Unfortunately, the majority of sites that come

up on top are sites that don’t really offer free credit reports, but rather are

sites that are offering credit monitoring services.

While credit monitoring services definitely have their pluses and can be used

to prevent identity theft, we believe they shouldn’t be used as a bait and switch

tactic for getting a free credit report.

Even worse, some of the bogus websites — especially those you hear about via

spam — are simply phishing scams.

Action: NEVER respond to a spam offer to get a free credit report.

Another type of problem many people encounter when they try to get a free credit

report is that it’s almost impossible to find the free offer. Yes, it’s there

– but it’s so well hidden that many consumers simply give up in complete frustration.

Here’s another more subtle problem we found: one free credit report site we visited

offered a free credit report. In addition to asking for your personal information,

they also asked for your credit card information.

It wasn’t until we read the fine print that we realized we would be authorizing

them to charge our credit card for their credit monitoring service after 30 days.

Not exactly the type of company you want to be doing business with, is it?

Unfortunately, many "free" credit report websites do business like the

free credit report sites mentioned above. The trick is finding the right website

to use.

Getting It Right

So if there are so many sites out there trying to scam you out of your money for

something you’re entitled to for free, how do you go about getting a legitimate

free credit report?

Knowing where to go for your free credit report is the key.

According to the FTC website, there is only one website that is authorized to

give out free credit reports. Here’s what the FTC website says:

"Important information from the Federal Trade Commission, the nation’s consumer

protection agency: annualcreditreport.com is the ONLY authorized online source

for you to get a free credit report under federal law. You can get a free report

from each of the three national credit reporting companies every 12 months. Some

other sites claim to offer ‘free’ credit reports, but may charge you for another

product if you accept a ‘free’ report."

The AnnualCreditReport.com

website was easy to use and we were able to access all three credit reports without

paying a penny.

You can also get your free credit report via phone by calling 877-322-8228. Just

remember, you can only request one free credit report from each of the three credit

reporting agencies each year.

Why do you need a copy of your credit report?

You might be wondering why you’d want a copy of your credit report. There are

many reasons you should check your credit report, including making sure your information

is correct (which is important if you want to apply for a loan or a new credit

card). You very likely will find mistakes on your credit report.

Further, getting a copy of your credit report is important to help monitor against

identity theft. You can read more about identity

theft here.

Here are four tips for getting your free credit report:

Tip 1: Watch your spelling if you type in the web address (rather than click on

our link) — many of the bogus sites are just one letter away from the site you

want.

Tip 2: To gain maximum benefit, you may want to space out your free credit reports

from each of the 3 credit bureaus over the year. This will allow you to see changes

that occur over time.

Tip 3: Print or download your credit report(s) immediately. You may not be able

to gain access again for free later.

Tip 4: After you get your free credit report, quit your browser so no one else

can access it.

Time to close. Order your free credit report now while you’re thinking about it.

We’ll see you next week.