| Comment Number: | EREG-000026 |
| Received: | 3/29/2004 8:00:00 AM |
| Organization: | N/A |
| Commenter: | Carlin Brundage |
| State: | VA |
| Agency: | Federal Trade Commission |
| Rule: | FACTA Free Reports Proposed Rule |
| Docket ID: | [3084-AA94] |
| No Attachments |
Comments:
This is a good idea. Everyone should have the chance to recieve a free credit report from each agency every 12 months. I would urge you to take measure that everyone recieves thier Credit Score information as well. A free credit report does little, if the score information is not recieved. I would also request that a commission be formed to force the agencies to release full disclosure on how thier scoring models work. It is a shame that the scoring system that is so vital in obtaining the most favorable credit terms is a complete mystery to consumers. We have a privately run credit system that does not allow consumers a chance to have the scoring system work in thier favor, because the scoring models are protected.