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Why Do Companies Offer Free Credit Reports?

August 3, 2008 | Credit Reporting | No Comments

There are numerous websites offering Free Credit Reports with the hopes of selling credit monitoring services to monitor credit reports for any changes that may affect someone’s credit score and help protect against identity theft. Credit monitoring costs from $10 to $30 per month depending on the level of service and features. Most companies will offer free credit reports along with a free credit monitoring trial to see their credit report and how their monitoring services work.

Consumers can get a very simple version of their credit report, but not their credit score or a free credit monitoring trial, but visiting AnnualCreditReport.com. AnnualCreditReport.com, created by the passing of the Fair and Accurate Credit Transactions Act (FACT Act), does offer some credit report data, but not always as complete and comprehensive as a more traditional credit report from a credit bureau. AnnualCreditReport.com doesn’t offer any credit monitoring.

Below are several companies offering free credit reports and credit monitoring trials:

ConsumerDirect offers consumers free credit scores as well as a free trial of there system called “Score, Fix & Lock” to help you control your identity. Membership includes all your credit scores (Credit, Auto, Insurance, Employment & Future Credit Score), fixing credit report problems, and locking your credit reports all using our simple point & click Action buttons. ConsumerDirect is linked to over 95% of Creditors in the United States to quickly fix credit report problems, ask your creditor questions, settle reported debts and recover from Identity Theft.

GoFreeCredit.com offers consumers a free credit report. It’s easy to use, and it costs nothing to apply. GoFreeCredit.com matches consumers with qualified professionals to help them borrow money, get out of debt and repair their credit. The site requires your personal contact information via an online lead form and uses your information to match you with the companies who can best help you.

FreeCreditTrack.com allows you to easily and instantly see your credit reporting history by connecting you with one of the three national credit agencies, Experian, Equifax, and TransUnion. FreeCreditTrack.com also matches consumers with qualified professionals to help them borrow money, get out of debt and repair their credit. The site requires your personal contact information via an online lead form and uses your information to match you with the companies who can best help you.

Related article: Monitor Your Personal Information

 

 

 

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