FreeCreditReport.com ads will soon have to tell you that the credit report isn’t really free

Most of you are familiar with the FreeCreditReport.com commercials. And many of you also know that the credit report provided by FreeCreditReport.com isn’t actually, you know, free.

But under the newly enacted Credit CARD Act, FreeCreditReport.com and other sites like it will soon be required to include a disclaimer in their ads that “this is not the free credit report provided for by Federal law.” Although most of the CARD Act provisions went into effect last week, Congress chose to delay enforcement of this provision until September, apparently because of the costs and time of producing television ads.

And by the way, if you’re looking for a credit report that is actually free, the only way to get it is through www.AnnualCreditReport.com.

Huffington Post | FreeCreditReport.com Commercials To Be Curbed, But Not Till September | March 1, 2010