•

FreeCreditReport.com Class Action Suit!

Friday, March 22nd, 2019 (2 comments)

This totally made my day:

A Wisconsin college student filed a class-action complaint against Experian this week, claiming that the company's ubiquitous ads for FreeCreditReport.com led her to believe she could use the site to get a no-cost credit report.

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.

Hard to sell your supposedly free reports now isn't it?

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:

The advertising practices of FreeCreditReport.com were specifically addressed in the Credit CARD Act of 2009. Now any company who advertises a 'free credit report' on TV or radio must include the statement: "This is not the free credit report provided for by Federal law." The law also calls for the Federal Trade Commission to issue new rules that will force free credit report advertisers to inform consumers that the only place for a free credit report is AnnualCreditReport.com.

On a lighter note, the Federal Trade Commission was so fed up with Freecreditreport.com, they made these awesome spoof videos:

Tags: , , , , , , , , ,

Loading...

If you want to learn more about my professional background, click here to learn more.

Check out one of my guides/tutorials:

goodbye identity theft Tutorial
|INDEX|next: Credit Freeze

Too Late!

If you've already become a victim, here is a list of things you should do.

Solving ID Theft

Lock your credit reports with a Credit Freeze to prevent credit-based ID theft (90% of ID theft risk).
Learn to protect your information to prevent not only ID theft, but many other kinds of problems (the rest of ID theft risk).

Save Time and Money

cancel credit-monitoring services.
Cancel id-theft-insurance

Who is Responsible?

Sometimes you just have to wonder why it's so easy to steal identities in the first place.

... or check out any of my other guides and tutorials by clicking here!

The Identity Theft Victim's Mini-Guide to Recovery

If you've already experienced ID theft, here are some tips of what to do next.

[Click for full description]

Credit Freeze

Setting a credit report freeze is the fastest and most effective way to actually block and reduce your risk of ID Theft. And it's free.

[Click for full description]

Out and About Defense

The best defense against non-credit ID Theft and a variety of other risks is to adopt a mindset of protection: Data Defense. Learn how to protect your information with simple and sometimes free countermeasures all based on a simple philosophy that the less people who have your information, the safer you are.

[Click for full description]