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Experian Stops Free Credit Reports Because of Expenses and Abuses.(Originated from The Orange County Register, Calif.)

Knight Ridder/Tribune Business News

| January 21, 1997 | Campbell, Ronald | COPYRIGHT 1999 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

ORANGE, Calif.--Jan. 21--You can't get credit for nothing anymore.

Experian, one of the nation's three dominant credit-reporting agencies, said it will stop offering free annual credit reports to consumers. Beginning March 1, individuals will have to pay $8 to inspect the files that influence everything from their credit cards to their mortgages.

Experian, formerly the credit-reporting service of TRW Inc., has produced 5 million free reports since it started offering the once-a-year freebie in April 1992.

Neither of its major competitors, Equifax and TransUnion, ever followed suit.

Experian Chief Executive Officer D. Van…

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