If you searched the web for a free credit report, you would find countless amounts of websites out there they claim they will get you your free credit reports. They have commercials and all sorts of ads all over the place. What is causing all these companies to want to give away something for free?
Most of these sites are not free. They say they are free, but they have a plan to squeeze money out of you one way or another. They boast 'free credit report' all over their site with usually just a small paragraph to the truth.
Once you get your free copies of your credit reports, they will automatically sign you up for their credit monitoring service in a 7 day trial. You have 7 days to cancel it. If you don't, they will charge your card the fee for their service. This is why they will ask you for your credit card info when signing up.
They advertise the credit reports and the importance of getting your free credit report much more than their credit monitoring service. In fact, they barely advertise their credit monitoring service if at all. They sign you up hoping you'll forget to cancel or convince you that the next step is this service you have to have.
Many people will say that you should always read the fine print carefully before you sign up for anything. This is true, but that doesn't make it right for a company to try to trick you. They should advertise their service right along with the free credit report. The free credit report should be the bonus, not the other way around.
This could actually cause a decrease in customers. If they trick them into signing up, they will probably cancel because they don't like being persuaded this way. Who knows, they might have actually wanted to service and signed up if they were offered it more honestly.
Sad to say, marketing takes many different forms and use many different tactics. You should always read the fine print and make sure you know what you are getting into before you sign up for anything. If they as for your credit card information for something that says it's free, find out why.
It doesn't sound that hard to sign up, get your free reports, and cancel the service, but you can even more easily get your free credit reports without signing up for anything. Check the links below for more info.
Most of these sites are not free. They say they are free, but they have a plan to squeeze money out of you one way or another. They boast 'free credit report' all over their site with usually just a small paragraph to the truth.
Once you get your free copies of your credit reports, they will automatically sign you up for their credit monitoring service in a 7 day trial. You have 7 days to cancel it. If you don't, they will charge your card the fee for their service. This is why they will ask you for your credit card info when signing up.
They advertise the credit reports and the importance of getting your free credit report much more than their credit monitoring service. In fact, they barely advertise their credit monitoring service if at all. They sign you up hoping you'll forget to cancel or convince you that the next step is this service you have to have.
Many people will say that you should always read the fine print carefully before you sign up for anything. This is true, but that doesn't make it right for a company to try to trick you. They should advertise their service right along with the free credit report. The free credit report should be the bonus, not the other way around.
This could actually cause a decrease in customers. If they trick them into signing up, they will probably cancel because they don't like being persuaded this way. Who knows, they might have actually wanted to service and signed up if they were offered it more honestly.
Sad to say, marketing takes many different forms and use many different tactics. You should always read the fine print and make sure you know what you are getting into before you sign up for anything. If they as for your credit card information for something that says it's free, find out why.
It doesn't sound that hard to sign up, get your free reports, and cancel the service, but you can even more easily get your free credit reports without signing up for anything. Check the links below for more info.
About the Author:
Samantha writes about how to get a free instant credit report. Get your credit report and learn more about the effects of credit and loans.
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