It’s not only the "errors" on your credit report which are costing you money, it’s also the ads for your free, annual credit report that are trying to take your money.
This advertisement above is for a website often recomended by the Credit "GURUs" who I guess don’t actually read the law or their updates. Because they give this website as where to get your free credit report.
That’s half true…
And you know what they say about a half-truth… …it’s a whole lie!
The epidemic is so widespread, this issue was recently covered in the New York Times. Here’s a segment.
Mr. Steele, 27, remembered a number of commercials for FreeCreditReport.com featuring a young slacker singing about various life problems — living in the in-laws’ basement, dressing as a pirate to wait on tables in a seafood restaurant — all because he had neglected to check his credit score.
So Mr. Steele headed to the site and filled out the information form, including his credit-card number, which he thought the site needed to verify his identity. But a couple of months later, Mr. Steele noticed the site had been charging his credit card.
While he believed he had signed up for a free report, he had actually enrolled in a credit-monitoring service that cost $14.95 a month. He says he never expected that it would cost anything. "It’s called FreeCreditReport.com," he said. "It’s kind of easy to make that assumption. I didn’t see anything in the process of signing up that said, ‘Hey, if you don’t cancel in 30 days or whatever, you’re going to get charged.’ "
Now compare their tactics to the Tight Money Millionaire program where you know up front you’re being offered an incredible $1 trial for a $49 a month program.
Who do you trust?
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