New Site Promises Free Credit Score

The Associated Press

Add another Web site to the confusing array offering "free" information about your credit: FreeCreditScore.com.

The Basics

Most consumers understand that your credit score is key to getting a mortgage, credit cards and other loans. But while companies that collect personal credit data are legally required to provide a free credit report each year, there's no requirement to provide a free credit score.

Enter Experian, one of the three major credit reporting agencies. The company behind FreeCreditReport.com, the site known for its singing spokesman, recently launched FreeCreditScore.com, which promises to provide a free score when you sign up for a 7-day trial period for its credit monitoring service. It's even holding a contest to find a new songster to pitch this site.

The service is $14.95 per month, and also provides access to your Experian credit report and periodic credit monitoring — which involves getting updates about credit activity in your name.

The Lowdown

Like its sister site, FreeCreditScore.com requires users to sign up for a trial membership for its service, including providing credit card information, before it provides any information for "free."

You'll be charged $14.95 if you don't cancel the service — which must be done by calling a toll-free number within nine days. The website makes it clear you won't be able to get a refund for any membership fees already charged when you cancel.

The price is on par with other services that provide credit monitoring, which can help detect identity theft.

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