Businesses Like This One Do Not Deserve to Be Aided or Abetted
When you’re fined for employing deceptive business practices, the response should not be simply to pay the fine involved and to keep on doing it (HT Techdirt) — especially if you’re one of the three major credit bureaus. But that’s what Experian is doing, and apparently intends to keep on doing, with its freecreditreport.com efforts.
Media outlets carrying commercials for this disgraceful and apparently ongoing enterprise should seriously reconsider doing so.
Consumers need to know that, as noted here two years ago, the only site where you can get an annual, no-strings-attached free copy of your credit report is annualcreditreport.com.
In the sometimes you do stupid things category: Money Management International, a credit counseling service certified in many bankruptcy districts is in deep trouble. Their CEO was a speaker at a bankruptcy seminar in Texas. The seminar was attended by debtor attorneys, creditor attorneys, trustees and a bankruptcy judge. When in response to a question the CEO claimed that they did not allow people that had filed bankruptcy to be credit counselors, the judge in attendance took notice.
When he got back on the bench, he ordered a hearing in which the US Trustee has to explain why Money Management should continue to have certification when they violate bankruptcy law by denying employment on the basis of a bankruptcy filing.
Fines are a “cost of doing business”. When BofA, or Experian, or MMI decide that the law is toothless and profit is golden, we supporters of business watch as anti-business loons get more amunition.
Comment by Tracy Coyle — March 1, 2007 @ 9:45 am
#1, Great point.
Comment by TBlumer — March 1, 2007 @ 11:16 am
[...] There Is No Free in FreeCreditReport.com From BizzyBlog – they are at it again: [...]
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