FTC Goes After Credit Report Scammers

The Federal Trade Commission has issued the above parody video as part of their just-launched campaign to warn against a certain “free” credit report company with an incredibly annoying TV ad.

The Federal Trade Commission is getting hip and cool. Today the federal agency launched a series of silly videos to clear up confusion about which Web site offers truly free credit reports. The videos feature a young man jamming on his guitar while singing with friends about checking credit reports on Annualcreditreport.com. That site is the place where, under federal law, people are allowed to receive a free copy of their credit report once each year. The FTC’s videos are a spoof on FreeCreditReport.com, which has advertised its site for years with similar catchy videos of young men singing about their credit and repeating FreeCreditReport.com. Users of FreeCreditReport.com, however, are charged a fee if they do not cancel their membership within seven days of signing up.