Sunday, August 24, 2008

Get Your Credit Score Free With No Strings Attached


This morning, I caught a segment on the morning news by Clark Howard, who is a financial advisor/consumer watchdog/radio personality type who lives here in Atlanta. He can be annoying sometimes, but I respect his opinions/suggestions because he's always on the lookout for ways to help people save money and avoid getting ripped off.

His segment this morning was about obtaining your credit score. You've probably seen the numerous ads on tv and the Internet regarding getting your credit score and report for free. The problem with almost all of these offers is they all come with a catch. Most make you sign up for their credit monitoring service. For instance, I love the commercials for FreeCreditReport.com. You've probably seen this one:



It's funny, catchy and extremely memorable and effective. And, while the service does give you your free credit report, it also, and I quote from the site,

"When you order your free report here, you will begin your free trial membership in Triple AdvantageSM Credit Monitoring. If you don't cancel your membership within the 7-day trial period**, you will be billed $14.95 for each month that you continue your membership."

That's the part that I don't like about these types of offers. So many people sign up and think they're going to cancel, only to realize 6 months later they never did and have now paid almost $90 for the opportunity to see THEIR OWN credit report. Shouldn't you be able to see this at any time for free? After all, it is YOUR credit report.

Ok, back to the Clark Howard report. He mentioned the following site: www.Quizzle.com. It is owned by Quicken, so you can feel safe that it's not a fly-by-night scam. And, it's completely free with no catch. All you do is fill out a short form and once registered, you can view your credit report, your home's current valuation and a condensed version of your entire credit report. And, the site offers a ton of valuable calculators and sections to help you understand your report as well as your current financial situation. And again, there's no catch. It's completely free.

So, there you have it. While the above commercial is memorable, it's no wonder there's a catch for their service. There has to be because they've got to make a ton of money to pay for all those funny commercials.

Until later, make it a great day!

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