In My Personal Finance Life: Want A FICO Score With That Free Credit Report?

Jan 15, 2017
Advertising, Credit Scores, Research, Current Events, Credit Reports

It’s a new year which makes it a good time to review your credit report. I went to, answered a few questions to verify my identity and proceeded to my credit report. As I completed my review, I couldn’t help but notice the offer about getting my credit score (can you say cross-selling opportunity?). When I clicked on the button…

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What’s the catch?

  • Well the $4.95 offer comes with an asterisk and then this fine print “$4.95 for your first month, then just $19.95 each additional month.”
  • Oh, by the way, again from the small print, “your lender or insurer may use a different FICO Score than FICO 8…”
    • Kinda interesting that TransUnion and Equifax were recently fined $23 million by CFPB for “deceiving consumers about the usefulness and actual cost of credit scores they sold to consumers. The companies also lured consumers into costly recurring payments for credit-related products with false promises.” Well, at least they put in some fine print, I hope consumers read it!


Teach your students to read the fine print with the new NGPF product Fine Print.

About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.