9/3/2023 0 Comments Free credit report website![]() ![]() The Latest Credit Score Scams To Watch Out for in 2023 Try Aura free for 14 days and safeguard yourself against scammers. For added security, monitor your SSN with Aura’s award-winning identity theft protection solution. The bottom line: Always be cautious when giving out your personal or financial information - especially your SSN. Any money or information that you send to scammers will be lost or used to steal your identity.If you sign up for fraudulent credit repair services: You’ll most likely be asked to pay an upfront fee (which is illegal under the Credit Repair Organizations Act ) or be charged for useless services or credit repair scams (such as CPN numbers).But when you click on the link, it takes you to a phishing website that requests sensitive information - such as your Social Security number (SSN) or credit card number. If you request a free credit score: You’ll receive an email saying that your credit score has changed, along with a link to view the supposedly new score.Scammers create fake websites that offer “free credit reports” or pose as credit repair services.Here’s how credit score scams typically work: Scammers take advantage of these situations to steal sensitive information and money. However, many people need to check their credit report, FICO score, or personal credit history more frequently, such as when talking to lenders about loans or mortgages. These scams are especially dangerous because many people don’t understand their rights as consumers or how credit scores work.īy law, you’re entitled to a free copy of your credit report each year from each of the three credit bureaus - Experian, Equifax, and TransUnion. But in reality, the entire scenario is designed to scam victims out of money and sensitive financial information. What Are Credit Score Scams? How Do They Work?Ĭredit score scams occur when fraudsters pose as legitimate websites, companies, or government agencies and offer free credit scores or credit repair services. In this guide, we’ll explain how credit score scams work, the latest scams to look out for, and how to safely obtain a free credit report. If you want to check your credit score or get help with credit counseling, you need to be sure that you’re dealing with a legitimate service. In some cases, “free credit score” services can even put you at risk of identity theft or financial fraud.Īccording to a 2022 report from FICO : “Up to 40% of Americans had their stolen personal information used to open new financial accounts last year.” A strong credit score can help you purchase a new home or reduce the interest rates that you pay on loans.īut while it’s essential to check your credit regularly, not every credit check service is legitimate. Your credit score is one of the most important components of your financial health. Is It Safe To Request a Free Credit Report? ![]()
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