Go figure! Someone believed that FreeCreditReport means you can get a free credit report? What are the odds!?
How this has gone on this long I'll never know. Even after 11,000 Better Business Bureau complaints the most that's been done to date was the very cool FTC spoof videos making fun of FreeCreditReport's TV ads where they did everything short of calling them crooks.
It's such an exquisite pleasure to watch this bogus company go down; let's hope this suit sticks.
Update June 2010:
It's probably been a month or two (or three or four) since this happened, but as a result of the lawsuit, the FTC has required them to put a giant banner on the top of their website saying essentially that they're full of it. Granted, the site should just have been shut down, but it's still nice to see.
Looking back from 2019:
The FTC filed their own lawsuit and won, but the measly ~1 million fine was so much less than the $72 Million they could afford just for theirdeceptive ad campaign, it just goes to show that founding a company in fraud is a solid business strategy. But I suppose it's not all bad… there was brand new legislation passed as a result of their scam:
On a lighter note, the Federal Trade Commission was so fed up with Freecreditreport.com, they made these awesome spoof videos: