New York – Credit Score Company Settles FTC Charges For $22M

    1

    New York – A company that promised customers free credit scores has agreed to pay $22 million to settle charges that it billed customers for monthly credit monitoring that they did not sign up for.

    Join our WhatsApp group

    Subscribe to our Daily Roundup Email


    Most of the money, about $21.9 million, will be used to refund customers. The settlement was made with the Federal Trade Commission and attorneys general in Illinois and Ohio.

    The FTC said that Dallas-based One Technologies LP, and two related companies, ran at least 50 websites that advertised free credit scores, including FreeScore360.com, FreeScoreOnline.com and ScoreSense.com. The FTC said that after customers signed up for a free credit score, the company asked for credit card numbers to verify their identity. Customers would then get charged $29.95 per month for a credit monitoring program.

    Customers were forced to make repeated calls to cancel the program or get a refund. More than 200,000 customers filed complaints, the FTC said.

    As part of the settlement, One Technologies has agreed to disclose clearly that customers will be charged for its credit monitoring program.

    One Technologies said the changes have already been made and that the settlement will not interrupt its service or effect its growth.

    “Our intention was always to sign up only those customers who wanted our product and were aware of its benefits,” said Fred Loeber, a senior vice president at One Technologies, in a printed statement. “We always believed that we complied with the law.”


    Listen to the VINnews podcast on:

    iTunes | Spotify | Google Podcasts | Stitcher | Podbean | Amazon

    Follow VINnews for Breaking News Updates


    Connect with VINnews

    Join our WhatsApp group


    1 Comment
    Most Voted
    Newest Oldest
    Inline Feedbacks
    View all comments
    PaulinSaudi
    PaulinSaudi
    9 years ago

    Twenty million dollars to the credit card people is chump change.