View credit report Birmingham

FreeCreditReport.com the jig is up Experians FreeCreditReport.com has had view credit report Birmingham an interesting history, to say the least. In 2005 they were sued by the FTC for deceptive advertising. Rather, the company only had to provide $950,000 worth of free credit monitoring to those that fell victim. This was view credit report Birmingham basically a drop in the bucket, considering the sites annual marketing budget was view credit report Birmingham reportedly $72M at the time. There were a multitude of other federal and state investigations into their deceptive practices. Of course to go along with this was a slew of negative publicity for the website (like an investigation by MSNBC reportedly calling it an outright scam). But FreeCreditReport.com wasnt about the let the feds and bad press poop the party. Come out with a band to sing obnoxiously cute and catchy tunes to hawk the website.

So in October 2007 they began their Free Credit Report band commercials, view credit report Birmingham lead by a French-Canadian actor named Eric Violette  (who, by the way, has a very strong accent, which is why his singing was dubbed by a voice-over). And so it started Thanks to the successful Free Credit Report band commercials, the alleged scam became so widespread, that when the Credit Card Reform view credit report Birmingham act of 2009 was passed, lawmakers put in specific language to address the problem. view credit reports So consumers dont confuse FreeCreditReport.com with AnnualCreditReport.com (the truly free once-a-year report), now this specific language had to be added to their commercials: This is not the free credit report provided for by Federal law. To make it even more clear, view credit report Birmingham the Credit Card Reform Act called for the FTC to create new rules view credit report Birmingham which force advertisers to say that AnnualCreditReport.com is the only place for view credit report Birmingham a free credit report. Voilette would have to sing something like: Go to view credit report Birmingham FreeCreditReport.coooom But its not the free credit report provided by federal law For that go to AnnualCreditReport.com The only place for you to get a free credit report! So it view credit report Birmingham was time for Experian to find a new angle FreeCreditScore.com history repeats itself? So earlier this year, view credit report Birmingham FreeCreditScore.com ran commercials searching for a band and in early August that view credit report Birmingham the winner was announced The Victorious view credit report Birmingham Secrets (which allegedly is an actual real band from Detroit). credit checking What theyre hawking view credit report Birmingham for FreeCreditScore.com is basically the same bait n switch snake oil FreeCreditReport.com was peddling. The difference is that now your free credit score is view credit report Birmingham included. Now something I havent heard the media bring up yet is whether view credit report Birmingham FreeCreditScore.com will face the same demise as their predecessor in the future. As part of the Wall Street Reform and Consumer Protection Act passed in July free credit scores will need to be provided to consumers in certain situations. In a nutshell, anytime you are denied credit or hit with unfavorable lending terms, you will soon view credit report Birmingham receive a free copy of your credit view credit report Birmingham score that was used in making that decision. Also there is no annual cap meaning if you face adverse actions several times in a given year, each time your credit score must be provided. This law will be applicable to all credit reporting agencies. Does this mean that down the road, view credit report Birmingham the fed will pass a similar law for sites like FreeCreditScore.com, forcing them to say a disclosure so consumers arent confused?

And although not everyone faces adverse credit decisions, what happens if later on we are given free access to our credit score one per year (like AnnualCreditReport.com giving us access once per year for credit reports). credit score online For years there have been lawmakers trying to give us just that (i.e. If we are ever truly given free annual access to scores, I could definitely see the government cracking down on FreeCreditScore.com in view credit report Birmingham the exact same way as its predecessor.