socialmedian: Why aren't credit scores free anyway?

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Why aren't credit scores free anyway?

Source: WalletPop Blog

Nov 04, 2009

Summary

Filed under: Saving Money

The New York Times reports on a topic that's long been a pet peeve of many financial-minded people: those pesky FreeCreditReport.com ads that are a classic bait and switch marketing technique designed to coax consumers into signing up for expensive monthly credit monitoring services.

The FTC is now running its own spoof ads warning consumers about the misleading marketing. According to the Times, "But while the government has taken issue with the ads, it has had little to say about credit monitoring services themselves, a rapidly expanding niche approaching $1 billion in sales for which millions of people have signed up, often unwittingly. The problem, say critics, is that most people really don't need it."

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Why aren't credit scores free anyway? originally appeared on WalletPop Blog on Wed, 04 Nov 2009 10:00:00 EST. Please see our terms for use of feeds.

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