Freecreditreport.com limited by credit card reform bill
Freecreditreport.com will be curtailed even further within nine months, when the recently passed credit card reform bill goes into effect, according to the U.S. PIRG blog.
You may recognize freecreditreport.com from frequent commercials that hardly make a mention of the credit monitoring service it's really pitching.
U.S. PIRG reveals what they call a "hidden gem" in the CARD bill: Section 205, which curtails deceptive marketing of credit reports. Essentially it requires anyone advertising free credit reports must include language to inform consumers that "this is not the free credit report provided for by federal law" and to remind them to go to annualcreditreport.com.
U.S. PIRG also reminds readers that Marylanders are eligible for TWO free credit reports each year ...
... from each of the credit reporting bureaus. We've told you this before, but U.S. PIRG points out you'll have to do some work to get them:
"The bureaus hate the state laws, so you'll have to listen carefully to their voicemail pick lists to find out how to order your free reports if you live in one of those free report states. Be persistent and complain to your state Attorney General if you think that it is warranted."
You can also order your free credit reports via mail or phone.
Categories: Cheap/Frugal, Identity theft, Naughty businesses/NBotW
