FREE Credit Reports, Credit Scoring FRAUD and Scams EXPOSED!

First of all, be aware that ALL tri-merged (3-in-1) reports are INCOMPLETE and may even include DIFFERENT data than the “real” credit reports lenders get.

The FAKE TrueCredit credit scores mean nothing.

Please read FICO Credit Scoring BASICS for more info.

Since a client in the middle of a refinance wanted to see what the current reported balances are, I thought she could try the Trans Union-owned TrueCredit.  However, the offer she got was for a 7-day trial for only Trans Union reports and below is the link to get a free tri-merged report, but there are a few things you ought to know.

The TrueCredit fraud and deception.

According to Trans Union’s attorneys, the credit reports sold at TrueCredit are NOT “consumer disclosures” as defined by the Fair Credit Reporting Act (FCRA) and therefore it is legal to mislead consumers into wasting their hard-earned money.

The TrueCredit credit reports do NOT contain:

• all information reported to creditors
• all information required to be disclosed to consumers according to the FCRA

TrueCredit reports MAY contain:

• DIFFERENT information than what is reported to creditors.

Of course TrueCredit does NOT disclose any of this to consumers as their profits are much more important to them than being honest and complying with the law.

Trans Union has always focused on MARKETING and the FTC sued Trans Union several times for illegally using and selling consumer credit report data to market.

That was prior to 2000, when President Bush took over and directed the FTC to do whatever it takes to ensure that the bankers and credit bureaus maximize profits at the peoples’ expense.  Unfortunately, President Obama is as corrupt as any politician and you all know what happened to the promised “change.”  The corporations run the planet.

Do NOT click on the countless TrueCredit ads for debt elimination, credit cards and mortgage rates.

You are subjecting yourself to ID THEFT, as many of these companies will sell all your personal information to the highest bidders.

Obviously, the highest bidders are often criminals like Mark Cella and his now defunct debt elimination scam FDRS.  Quite likely, your data will be sold to MULTIPLE bidders who then sell your data again if you don’t respond to their shady offers.

So, now that you know what you’re in for, get your free tri-merged report if you need only partial info, such as current balances and an overview of your credit and it’s not important if creditors get some different data.

You do need to provide your CREDIT CARD info to get the free tri-merged report and since you need to cancel within 7 days to avoid getting charged $14.95, order your report (you only get ONE report every 30 days), SAVE it to your hard drive (make sure it saves correctly) and then immediately CANCEL.

How to cancel?

From “Everything you need to know about this offer“:

Of course they make it difficult to cancel so that they can charge the $14.95.  During my own most frustrating attempts to cancel I learned that you can NOT cancel online.  I just read the FAQ, help page, etc. and found NOTHING on how to cancel.

You have to call:

Talk to a Customer Service Team member.*
Monday through Thursday, 8 a.m. to Midnight
Friday through Sunday, 8 a.m. to 8 p.m.
Eastern time

Call toll-free (800) 493-2392

The TrueCredit TERMS and PRIVACY POLICY make it very clear that they are a company to avoid like the plague and while you may want to get your FREE report, it’s an excellent idea to immediately cancel.

Nobody should have to read through THIS:

Read more…

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Filed under: Trans Union - TrueCredit tagged FICO scores, free tri-merged report, ID theft ALERT!, TrueCredit SCAM

A client needed a reporting summary and I recommended that he check the ads here and he picked Credit Adapter for the 7 day “FREE” $1 trial.

The $30/month subscription is a giant RIP-OFF.

I recommend this report ONLY for the $1 trial with the immediate cancellation.

Who is Credit Adapter?

The FAQ discloses that they are Adaptive Marketing.

The Privacy Policy lists two IL addresses, but I could not find anything on Credit Adapter or Adaptive Marketing at the Illinois Secretary of State online business listings.

Adaptive Marketing LLC is, as the name suggests, a company specializing in marketing.  They sell just about any worthless service you can imagine:

Adaptive Marketing – LLC Site Map

They will sell your info, spam you with offers for useless services and memberships and just like Trans Union’s TrueCredit, they try very hard to get you to sign up for all kinds of crappy credit offers.  If you read the fine print, you won’t fall for their deceptive ads.  Since few people have the time to read, I’m sure they’re a very profitable outfit.

It is difficult to get the tri-merged credit summary.

After you sign up, you get your user ID.  You then have to log in with your ZIP code and they assault you with deceptive credit offers.

Click on “No thank you” until you see Reports in the top menu and then you have to sign up AGAIN to get your tri-merged credit summary:

The INCOMPLETE  tri-merged “credit report” is provided by TrueCredit (Trans Union owned.)

Some of the MOST important data such as the Equifax Date of Last Activity, the Experian Date of Status and the Trans Union Date Closed are NOT provided.  Also missing are dispute notations, scheduled deletion dates, most credit inquiries and lots of other important data.

Of course that’s a feature of all CONSUMER tri-merged (3-in 1, etc.) “reports”.  They should be called credit SUMMARIES as they are NOT credit reports.

Read more…

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Filed under: Credit Adapter, Free Credit Reports tagged Credit Adapter, FRAUD, scam

Another sale at myFICO, this time only for the Equifax ScoreWatch and apparently you have to subscribe for an entire year.  I recommend it only if you really have to care about your FICO score for the next year.

I did NOT see the offer for the 30-day ScoreWatch trial with 2 Equifax myFICO reports free just for trying it.

To order the 1-year subscription, go to https://www.myfico.com/SystemAccess/a/createprofile.aspx?Product=2016 to create an account at myFICO or log in if you already have an account and then order.

Coupon code: SCOREWATCH20

And please read FICO Credit Scoring BASICS for details about credit scores and why you should ignore the OTHER (credit bureau) scores.

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Filed under: Coupons tagged coupon code, FICO scores

I wrote about the LifeLock scam two years ago:

Experian v. LifeLock – why do people fall for ID theft insurance scams?

Notably, GOLDMAN SACHS is supposed to have funded this fraud with $25 million. 

LifeLock Class Action

LifeLock Consumer Fraud | False Advertising

Is Your Identity REALLY Protected ??

This site has been established to provide a way for those interested in obtaining information about, or participating in, the recent Class Actions that have been filed against LifeLock by Marks & Klein, LLP.
»» Read more.

The proposed class action law suits address the deceptive business practices and fraudulent advertising campaign employed by LifeLock through which it has induced nearly one million individuals into subscribing to the identity theft protection services the company claims to provide.

In actuality, however, the services and one million dollar service guarantee offered by LifeLock are not what they seem and do not provide the level of protection that is advertised in its deceptive marketing campaign.

Presently, Marks & Klein, LLP has filed class action lawsuits against LifeLock on behalf of subscribers in New Jersey, Maryland, West Virginia, Florida and California.

If you are a Lifelock subscriber who resides in any of the above states and is interested in participating in an existing class action, or a resident of any of the other United States and would like information about bringing a class action against LifeLock in your state, please fill out this form.

This is not an advertisement.

Of course LifeLock isn’t the ONLY scam and I would NEVER waste my money on ANY ID theft protection service. 

The credit reports they provide are INCOMPLETE and practically worthless.

There are many millions of suckers with cash to blow and the CREDIT BUREAUS are taking a huge cut of this EXTREMELY lucrative business.

As always, the FTC is asleep at the wheel.

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Filed under: ID theft protection scams tagged INCOMPLETE credit reports

You probably know that you’re entitled to your FREE annual credit reports once a year.  You can order your Experian, Equifax and Trans Union reports online:

https://www.annualcreditreport.com/cra/index.jsp

IMPORTANT:  The time for credit bureaus to investigate DISPUTES is extended to 45 days.

So if you’re facing a deadline and you need corrections quickly, do NOT order the free annual reports.

Prepare to answer their SECURITY questions correctly.

The best way to do this is to already HAVE their credit report.

Often you’ll have to admit or deny whether you have a mortgage or car loan from a certain creditor or they provide a listing with several lenders.

Don’t think that it’ll have to be one of those creditors, check NONE OF THE ABOVE if you don’t recognize the name.  BUT, be aware that many banks have been SOLD and even closed accounts are sold and reported by NEW lenders — without any notice to you.  And to make it even more difficult, a creditor can report under different names to each credit bureau.

Be prepared to NOT receive the reports due to their inability to verify your identity.

That’s easy to fix if money is no issue:  at least 90% of my clients who were declined the free reports had NO problem PURCHASING the credit reports.

TRANS UNION WARNING:

You will be prompted to disclose LOTS of information about your interests (don’t do it!) and you will be bombarded with advertisements for the most deplorable debt settlement and finance companies.

The Trans Union reports are NOT complete.  I will elaborate in more detail as I write about my lawsuit against Trans Union and its subsidiary TrueCredit.  There is currently no way to get a COMPLETE credit report from Trans Union unless you dispute.  The INVESTIGATION RESULTS contain information NOT on the free annual reports.

From https://www.annualcreditreport.com/cra/helpfaq#creditfile

What is a credit file disclosure or a credit report?

A credit file disclosure, commonly called a credit report, provides you with all of the information in your credit file maintained by a consumer reporting company that could be provided by the consumer reporting company in a consumer report about you to a third party, such as a lender. A credit file disclosure also includes a record of everyone who has received a consumer report about you from the consumer reporting company within a certain period of time (“inquiries”). The credit file disclosure includes certain information that is not included in a consumer report about you to a third party, such as the inquiries of companies for pre-approved offers of credit or insurance and account reviews, and any medical account information which is suppressed for third party users of consumer reports. You are entitled to receive a disclosure copy of your credit file from a consumer reporting company under Federal law and the laws of various states.

Until Bush  took office in 2000, the FTC relentlessly sued Trans Union for illegal use of credit data for MARKETING.

I’m not sure when Trans Union added advertisements to the credit reports, but it’s been years and NOTHING has changed under Obama.

One reason I decided to start this blog is to document the extraordinary corruption of our governments and regulators and to DOCUMENT the credit bureaus’ ILLEGAL practices. I’m sick and tired of my clients who need to improve FICO scores having to order 5 (FIVE!!!) credit reports to get “most” data and then having to PAY ME to review all these reports.

Subscribe to this blog for updates with MANY details about this giant credit reporting fraud.

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Filed under: Free annual credit reports, Free Credit Reports tagged credit inquiries, INCOMPLETE credit reports