Read An Opinion On:

By Charles Essmeier

In 2003, Congress passed the Fair and Accurate Credit Transactions act (FACT), which made it possible for consumers to obtain a copy of their credit report for free. In fact, the legislation makes it possible for consumers to obtain one free report from each of the three main credit bureaus Experian, Trans Union, and Equifax, per year. All that is necessary to do so is to write, call or log on to the free credit report Website. Millions of Americans have done so, and the program has been called a success so far. Theres just one problem unscrupulous individuals have created Websites with similar names, and consumers who type the names wrong have ended up at sites designed to steal their Social Security numbers.

At last count, there were more than two hundred registered domain names with names that were similar to the official annualcreditreport.com or which contained the phrase annual credit report. Since it is quite easy to misspell a domain name, particularly a long one, many consumers have found themselves at sites other than the one they intended to visit. Most of these other Websites exist for the purpose of selling a credit report, rather than providing them for free, but others are designed to fool the consumer into providing personal information that the site owners may be able to exploit for personal gain. Other sites with similar names merely offer advertising or redirect visitors to porn sites.

YouTube Preview Image

Whats to be done? Not much, it would appear. Several of the sites that were created to fool consumers into providing personal information have been taken offline, but others will undoubtedly follow. Any sites that are established outside of the United States are immune to U.S. law, so it may be difficult for authorities to take any action. Consumers who are not overly familiar with the workings of the Internet would be better off contacting the credit bureaus directly by mail or phone. Anyone who uses the Internet to obtain a copy of their credit report should make sure that they are typing the name of the Website accurately. Failure to do so may lead to involuntarily providing vital personal information to people who shouldnt have it.

About the Author: Copyright 2005 by Retro Marketing. Charles Essmeier is the owner of Retro Marketing, a firm devoted to informational Websites, including

End-Your-Debt.com

, a site devoted to debt consolidation and credit counseling, and

homeequityhelp.net

, a site devoted to information regarding home equity lending.

Source:

isnare.com

Permanent Link:

isnare.com/?aid=6208&ca=Finances

This entry was posted on Friday, June 29th, 2018 at 1:11 am and is filed under Loan Agreements. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

Comments are closed at this time.