Have you heard of FreeCreditReport.com before? If you watch television at all, you probably came across their free credit report commercials more than once. And if you do a Google search for “Free Credit Report”, they will actually come up as the #2 result. Don’t believe their commercials or their extremely misleading name even for a minute! I fell for it a while back and wasted a lot of money because I didn’t notice their monthly fee on my credit card statement for a few months.
What Is FreeCreditReport.com?
FreeCreditReport.com is a web site that supposedly offers you free credit report and score. When you sign up to get your free credit report, FreeCreditReport.com will also ask you for your credit card information, however, they don’t make it clear why they need the information. In fact, when you go through the sign up process, they will automatically enroll you in their credit monitoring service that charges you monthly fee. If you don’t cancel the service, they will start charging you — and they don’t make this obvious either. Back then, it was $12 per month, but I am not sure what it is now.
Here’s one of their TV commercials:
In short, do not use FreeCreditReport.com — they are using a very misleading web site name to attract unsuspecting customers in an unethical manner.
How to Get Your Free Credit Report
You are entitled to one free credit report from each of the credit rating agencies (Equifax, Experian, and TransUnion) per year. The best site for free credit report is AnnualCreditReport.com. This web site is legitimate — and it is absolutely free. The best way to stay on top of your credit history is to get one report every 4 months. For example, you can get Equifax credit report in January, Experian credit report in May, and TransUnion credit report in September. And you can do all of this through AnnualCreditReport.com.
How to Get Your Free Credit Scores
Unfortunately, AnnualCreditReport.com only gives you free credit report, but not free credit score. You could pay to get your scores, but there are other webs site that gives you your scores. Check out my article, Get Your Free Credit Score Online, to learn how to get your free scores.
Have you use FreeCreditReport.com before? What was your experience?
Pinyo is the owner of Moolanomy Personal Finance and a Realtor® licensed in Virginia and Maryland. Over the past 20 years, Pinyo has enjoyed a diverse career as an investor, entrepreneur, business executive, educator, financial literacy author, and Realtor®.