SCAM – Free Credit Service
The IC3 has received over 2,000 complaints regarding a particular website that is claiming to offer “free” credit services such as credit scores and credit monitoring. Customers reported being charged a monthly service fee. However, the terms of the agreement advised that the “free” report only lasts for a limited time. At the end of the free term, the website used the customer’s supplied financial information to charge a monthly membership service ranging from $19.95 to $29.95.
The terms and agreement from the website states the following:
“For Subscription Services which include a free-trial period, if you do not cancel your free trial within the free trial period, you will be charged at the monthly rate in effect at that time for the Subscription Services for which you enrolled. Your debit or credit card (including, if applicable, as automatically updated by your card provider following expiration or change in account number) will continue to be charged each month at the applicable monthly rate unless and until you cancel the Subscription Services.”