The high cost of credit monitoring service is once again in the news.
The New York Times article points out that consumers are duped into thinking that FreeCreditReport.com will provide access to their free credit report mandated by the government. This is not the case. Consumers must sign up for Experian’s credit monitoring service in order to get the “free” report. There is only one website developed by the credit bureaus and mandated by the government that can give consumers access to their free credit reports.
This link, shows how you can get a your free credit report along with other valuable free services.
You may review my blog from March where I go into detail on why credit monitoring is overrated and overpriced.
There have been lawsuits against Experian (and their entities). Many have settled out of court. The most recent case accused Experian of unjust enrichment, constructive trust, and conspiracy. It’s much less expensive for Experian to settle rather than go through with the lawsuit.
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