Lawsuit Alleges Experian's FreeCreditReport.com ads Are Deceptive
A Wisconsin woman has filed a class action alleging that Experian's FreeCreditReport.com ads led her to believe she could go to that site for a free credit report. Once she signed up for her "free" credit report she inadvertently ended up with a a $14.95 monthly bill for a credit monitoring service. The complaint alleges no one goes to the site for anything other than a free credit report.
According to Evan Hendricks, author of Credit Scores and Credit Report, a frequent critic of the credit reporting agencies, consumers have paid the agencies for 160 million credit reports over recent years. Congress mandated that the agencies make available one free credit report for each consumer in a given year. The truly free reports are available at www.annualcreditreport.com. Consumers have downloaded 52 million reports from that site.
