As is often the norm, when laws are passed they often include amendments and provisions that can if not looking for -go overlooked. That's also the case with the recent credit card reform -CARD ACT, bill signed by President Obama last week. The credit CARD Act also included limits for those consistently played ads promoting, what I've often referred to, as the "NOT-REALLY" free credit reports. (See an earlier blog: "Finding Free Credit Reports Requires Knowing where to look!")
The law calls for the Federal Trade Commission to issue new rules that will force free credit report advertisers, such as a/k/a freecreditreport.com, aka Experian, to inform consumers that the only place for a really free credit report is at AnnualCreditReport.com. (or better yet -you can also call the toll free automated line at 877-322-8228 -a number not commonly known -but it is legit!)
Television and radio ads will also be required to include a disclosure statement: "This is not the free credit report provided for by Federal law."
Find more on these new rules and read consumer comments here at Consumerist.com
The law calls for the Federal Trade Commission to issue new rules that will force free credit report advertisers, such as a/k/a freecreditreport.com, aka Experian, to inform consumers that the only place for a really free credit report is at AnnualCreditReport.com. (or better yet -you can also call the toll free automated line at 877-322-8228 -a number not commonly known -but it is legit!)
Television and radio ads will also be required to include a disclosure statement: "This is not the free credit report provided for by Federal law."
Find more on these new rules and read consumer comments here at Consumerist.com
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