16 CFR Part 610 Amendments to Rule to Prevent Deceptive Marketing of Credit Reports and to Ensure Access to Free Annual File Disclosures #545091-00477

Submission Number:
545091-00477
Commenter:
Whitney Reed
State:
IL
Initiative Name:
16 CFR Part 610 Amendments to Rule to Prevent Deceptive Marketing of Credit Reports and to Ensure Access to Free Annual File Disclosures

I couldn't agree more! I hate all these advertisements about "free credit reports" when none of them are free. Why should the American consumer have to PAY to read about the credit report. The website freecreditreport.com advertises a free credit report but in the fine print you can only get this if you subscribe to annual credit monitoring for around $40.00. If you don't want this service, your credit report will cost you $14.95. I think this is crazy! It is too easy for consumers to get confused between the websites that charge you and the official site, annualcreditreport.com. Online businesses should not be able to profit from consumers just so they can look at their credit report. Additionally, consumers should be able to see the credit reports for all three credit reporting agencies- TransUnion, EquiFax, and Experian- for FREE. Most sites make you pay extra to see additional reports. We need regulation on this! I need to look at my credit report- I monitor it myself. I don't need credit monitoring or some agency to say they are going to monitor it but they don't. All they do is take my money.