You’ve heard the popular commercial with the band of financially-challenged slackers playing the jingle about a website that promises you a free credit report. Well the U.S. government isn’t laughing. It has put out it’s own video and a jingle of its own.

It’s AnnualCreditReport.com, NOT the One With Catchy Jingle on T.V.

It’s AnnualCreditReport.com, NOT the One With Catchy Jingle on T.V.

Federal Trade Commission VideoYou’ve heard the popular commercial with the band of financially-challenged slackers playing the jingle about a website that promises you a free credit report.  Well, the U.S. government isn’t amused.  And it has put out its own video with a catchy warning.

The Federal Trade Commission, the nation’s chief consumer watchdog,  believes the company that owns freecreditreport.com is intentionally diverting people from the government-mandated site,  AnnualCreditReport.com, where consumers can get free credit reports by law. The FTC says the T.V.-promoted website is using the reports as a lure for a $14.95 monthly service that alerts subscribers to important changes in their credit status.

In an unusual move, the FTC has produced its own spoof videos (one of them is above) featuring a trio remarkably similar to the gang in the  commercials, singing a warning: “Other sites may turn your head; they say they’re free, don’t be misled. Once you’re in their tangled web, they’ll sell you something else instead.”

AnnualCreditReport.com is the ONLY authorized source to get your free annual credit report under federal law. The Fair Credit Reporting Act guarantees you access to a free credit report from each of the three nationwide reporting agencies — Experian, Equifax, and TransUnion — every twelve months.  

The Federal Trade Commission, through a special webpage it has set up – http://www.ftc.gov/freereports – states it “has received complaints from consumers who thought they were ordering their free annual credit report, but instead paid hidden fees or agreed to unwanted services.  Don’t be fooled by TV ads, email offers, or online search results.  Go to the authorized source when you request your free report. ”

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