Better Alternatives to Buying Credit Monitoring

Better Alternatives to Buying Credit Monitoring The credit agencies are eager to sell you credit monitoring at about $20/month. Here are reasons not to buy it. It doesn’t prevent ID theft, it only tells you after the theft has been committed – the proverbial shutting the barn door after the horse has run away. If you are really threatened with identity theft, you can put a security freeze on your credit files that actually prevents the ID theft by locking out access from the credit reports. Credit monitoring is not a good value proposition. You can check your credit report...


FTC Proposes to Restrict Credit Bureaus Ads for “Free” Credit Reports

Federal law requires the credit agencies to make everyone’s credit reports available at no charge on a single website. The feds allowed the three major credit agencies to design the site. Predictably, the credit agencies designed the website,, to confuse and entice consumers to buy credit scores and various credit protection products. Equally egregious, the three credit bureaus have capitalized on the free website by advertising “free” credit reports that are not really free. Fortunately, the Credit Card Act of 2009 requires the FTC to issue new rules to stop these abuses. To implement the law, the FTC has...



  • 4104 24th Street
    San Fransisco, CA 94114
  • (415) 321-9655