Comment Number: | 514719-00010 |
Received: | 3/10/2005 1:25:53 PM |
Organization: | Motherhealth |
Commenter: | connie dello buono |
State: | CA |
Agency: | Federal Trade Commission |
Rule: | Notice of Proposed Study on the Effects of Credit Scores and Credit-based Insurance Scores on the Availability and Affordability of Financial Products |
Docket ID: | 3084-AA94 |
No Attachments |
Comments:
Yes, It is a big issue, I for one was denied many times, more than 20, for business credit and mortgage loans to start the company where the CEO had a FICO score of 563. All banks will only loan to FICO of 620 or higher. How can one start a business or grow from 0? Families are denied to have a home for the FICO score of 563.