Annual Credit Report
It wasn't too long ago that a law was passed to allow every American to one free copy of each credit report to them per year. Since then, tons of websites have popped up all over the place claiming to offer you your free credit report. You've probably seen lots of commercials on television and other advertising as well. Why has it become so popular all of a sudden to give away something for free?
If you have signed up for any of these sites you probably found out that they aren't exactly free. Sometimes it's hidden well and other times it's easily found that they are going to charge you for something, if you're not careful.
Where they get is that after they give you your credit reports, they sign you up for a trial period of their credit monitoring service automatically. Something you will probably never want or need. Normally it's a 7 day trial period and if you don't call and cancel within that 7 days, your card will be charged. If you are wondering why they ask you for your credit card information, this is why.
The problem with this is that they don't advertise their credit monitoring service nearly as much as the free credit reports if at all. They take advantage of the free credit reports now available to get you to sign up for their service without even realizing it. If you sign up and don't notice it, you wouldn't know to call and cancel the service within 7 days.
Many people will say that you should always read the fine print carefully before you sign up for anything. This is true, but that doesn't make it right for a company to try to trick you. They should advertise their service right along with the free credit report. The free credit report should be the bonus, not the other way around.
Doing it this way, people will just get upset that they were charged for the first month and not give it a try otherwise. Who knows, they could have actually signed up for the service if they were offered it first.
Ultimately, you need to understand that some companies will use unfair marketing tactics. Always read the terms of service before signing up for anything online. If something says it is free and then asks you for your credit card information, find out why.
Sure, you could just get your free reports and then cancel the service, but there is a way to get it 100% free with no hassle. Just check out the link below to find out how.
If you have signed up for any of these sites you probably found out that they aren't exactly free. Sometimes it's hidden well and other times it's easily found that they are going to charge you for something, if you're not careful.
Where they get is that after they give you your credit reports, they sign you up for a trial period of their credit monitoring service automatically. Something you will probably never want or need. Normally it's a 7 day trial period and if you don't call and cancel within that 7 days, your card will be charged. If you are wondering why they ask you for your credit card information, this is why.
The problem with this is that they don't advertise their credit monitoring service nearly as much as the free credit reports if at all. They take advantage of the free credit reports now available to get you to sign up for their service without even realizing it. If you sign up and don't notice it, you wouldn't know to call and cancel the service within 7 days.
Many people will say that you should always read the fine print carefully before you sign up for anything. This is true, but that doesn't make it right for a company to try to trick you. They should advertise their service right along with the free credit report. The free credit report should be the bonus, not the other way around.
Doing it this way, people will just get upset that they were charged for the first month and not give it a try otherwise. Who knows, they could have actually signed up for the service if they were offered it first.
Ultimately, you need to understand that some companies will use unfair marketing tactics. Always read the terms of service before signing up for anything online. If something says it is free and then asks you for your credit card information, find out why.
Sure, you could just get your free reports and then cancel the service, but there is a way to get it 100% free with no hassle. Just check out the link below to find out how.
About the Author:
Samantha can help you get your free instant credit report. Get yours and learn more about the effects of credit.
posted by Debt Consolidation Loan at
7:49 AM
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