I noticed a charge of 59.95 on my bank statement from CIC Credit Monitor Svc. I haven't ordered any credit monitoring (or so I thought) so I did a little research. I found all your complaints about this company, plus many more on other websites.
The common thread seems to be a charge of 79.95 weeks, months or even a year after ordering a "free" credit report. Well, I have never ordered a free credit report - I know nothing is really free. However, I have paid for credit reports online, so originally I thought this was how they got my info.
This scared me and I tried to remember where I ordered my credit report from - it was Yahoo Credit Services. I remember going with Yahoo because I had seen a lot of stuff on credit reports that seemed very disreputable. I felt Yahoo was trustworthy.
So I went back and re-read the fine print and Yahoo actually uses this company (CIC Credit Monitor Svc). So the service I thought I was paying Yahoo for I was actually paying them for. I also had forgotten that there was this free trial period and that is why I am only seeing the charge now - and that is why it threw me off so badly.
So, I am not actually getting ripped off, but after reading all the complaints here, I am very nervous that this company has my debit card number. I am also disappointed that Yahoo is partnered with a company that has an unsatisfactory rating with the BBB and that obviously utilized false advertising and questionable (if not illegal) tactics to charge consumers.
I wish all of you well and I hope that sometime in the near future we are able to come up with a way to deal with unscrupulous companies that take advantage of people like this. I also hope that I don't become one of this companies victims. I am going to attempt to cancel the service so that I have no further dealings with them and you can bet I will take the time to read the fine print in the future. I do alot of shopping and alot of business online and I can't afford to have my information in the hands of people like this.
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