I do believe CIC Triple Advantage free credit report service is a rip-off.
On their site you can either get your free reports from Experian or you can get reports from all three credit reporting agencies, but you must PAY for them.
The problem is even if you don't sign up for the "Triple Advantage" (all three reports) they still charge you $12 per month every month ($144 per year) for the FREE report.
A search on the internet shows there have been a lot of complaints about this charge. One site says the only way to avoid the charge is to cancel the card they are charging you on. I'm not sure this will work since they have information on all your credit cards. They can just start charging another card. I under stand that even their published phone number is invalid.
Why would a good company operate under so many names?
creditmatters.com, freecreditreport.com, homeradar.com, FreeCreditReportService.com, annualcreditreport.com, credit-factor.com, QSpace.com, www.consumerinfo.com, ciccredit.com, mycompletecredit.com, and experian.com
Why is the U.S. Government providing to this company if it is not true on http://www.ftc.gov/bcp/conline/pubs/credit/freereports.htm web page?
A recent amendment to the federal Fair Credit Reporting Act (FCRA) requires each of the nationwide consumer reporting companies to provide you with a free copy of your credit report, at your request, once every 12 months. The FCRA promotes the accuracy and privacy of information in the files of the nation's consumer reporting companies. The Federal Trade Commission (FTC), the nation's consumer protection agency, enforces the FCRA with respect to consumer reporting companies.
Why does this statement at this site link everyone to this same company?
"In recent months, consumers have asked the FTC for more details about their rights under the federal FCRA and the Fair and Accurate Credit Transactions (FACT) Act, which established the free credit report program. " (http://www.ftc.gov/bcp/conline/pubs/credit/freereports.htm)
According to the Federal Government a:
Free reports will be phased in during a nine-month period, rolling from the West Coast to the East beginning December 1, 2004. Beginning September 1, 2005, free reports will be accessible to all Americans, regardless of where they live.
Consumers in the Southern states Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, Oklahoma, South Carolina, Tennessee, and Texas can order their free reports beginning June 1, 2005.
I am from Florida and I was to start getting my free reports as of June 1st, 2005. On June 7th they billed me $12 on my credit card.
I admit that the information I have received has been informative and I have sent in several disputes for old credit cards that should be shown as canceled and not active.
I can even see paying $12 every time I want a report, but not $12 every month weather I get a report or not.
TrueCredit.com (TransUnion) gives me a free notice by e-mail every week on the status of my credit.
Why do I need to pay Experian if I have had no change in my credit status or activity.
Hope the Government can make these people operate under one name and make it clear that the report is not free and by signing up for A report will incur a monthly charge for 12 months.
PANAMA CITY, Florida