Protecting & Informing Consumers About Scams

On July 22, 2010 The Federal Trade Commission processed warnings against 18 websites for misleading consumers. 18 websites advertised that they provide consumers with a free copy of their credit report. However, after multiple complaints, the FTC realized that these sites falsely advertise. These websites claim to provide a free credit report in attempt to sell credit monitoring services. Individuals will discover the site because they want a free copy of their credit report. Usually, upon sign-up individuals end up paying for some service which actually includes a charge for the copy of the credit report. Whatever the gimmick is, the FTC has stated that consumers do have the right to receive a free copy of their credit report yearly but only from AnnualCreditReport.com.

Apparently AnunalCreditReport.com is the only source authorized by federal law to provide consumers with their annual free copy. The FTC has concluded that these 18 websites are in violation of the law and have issued these companies warnings. To see a list of the companies/websites that were issued the warnings, visit http://www.ftc.gov/opa/2010/07/freecredit.shtm

These 18 websites and any other websites offering a copy of a free credit report must obey the following:
They must state that consumers have the legal right to receive a free copy of their credit report once a year at annualcreditreport.com.

What does this really mean? The FTC and its laws exist to protect consumers from inaccurate and unverifiable credit reporting. The FTC credit reporting laws are being reformed between now and September. Those in violation of the laws could be charged a penalty of 3500 dollars.

Innovative Credit Consultants has created a performance based credit repair program that is consumer friendly. We are the only ethical credit repair company that supports and appreciates the effort of the FTC. ICC works for the sake of the consumer and it is our business to contribute to preserving the rights of the consumer. ICC specializes in providing consumers with accurate, useful credit. Our passion for credit repair was founded with the intention to be of service to consumers nationwide. We understand that consumers need to be educated about credit repair. We also understand that credit repair scams riddle the internet because we are challenged by them also. Most of our clients send us a copy of their credit report but we have been explaining to consumers for years through our website and through articles that they have the legal right to receive a free credit report and where to get it.

If you have been affected by inaccurate credit reporting or items on your report are unfamiliar, an ICC credit repair professional can help. Your personal credit repair consultant will analyze your credit report for free and then conduct an obligation-free credit repair consult. During your free credit report consult, you will learn what your current score is and why and what your options are for boosting your score ethically and successfully. Every credit report is different but everyone deserves a chance to establishing a better credit future. Contact us today 888-967-2673 or visit www.icreditinc.com and sign up. You pay nothing up-front. Get the right information about your credit the first time for free.