| Comment Number: | 522110-00016 |
| Received: | 4/24/2006 7:54:13 PM |
| Organization: | |
| Commenter: | bob schroeder |
| State: | PA |
| Subject: | Procedures to Enhance the Accuracy and Integrity of Information Furnished to Consumer Reporting Agencies |
| Title: | Advance Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Parts 660 and 661 |
| No Attachments |
Comments:
I wanted to make a general comment as to my circumstances and hope that this also helps with the regulations concerning fair use of credit reports. I feel it is unconstitutional for any company to use a credit report as a basis for hiring. The events that lead any of us to a poor credit report should not be allowed to be viewed by any potential employer. If we're trying to help correct our credit problems by applying for a higher paying job, how will we ever repair the damage if that employer can turn us down because of it. Don't make bankruptcy the only avenue for people that have gone through a life changing event which causes them financial difficulty. Second point: I divorced a woman who completely trashed my credit by opening an account in my name, signing my name to bad checks, forging the signature of a notary public to remove my 401K money without my knowledge, taking out loans in my name after I said no, allowing my house to go into foreclosure and now I'm paying the price. Nobody would prosecute this woman because we were married but in this case, I'm not responsible for her criminal actions and this type of damage to someone's credit report, needs to be clarified and somehow should carry less of a detrimental affect. There has to be some way of removing a spouse's fraudulent activities when the other spouse wasn't involved in any of the wrongdoing. Just as the IRS recognizes and provides for innocent spouse relief, ie, allowing a spouse to not be held liable for the underreporting of their spouse or any other tax evasive practices that were used after or during a divorce, so should the national credit reporting agencies. Correcting her mistakes will take years and there should be a way to help individualize a credit report to allow potential creditors to see why something happened, allow us an opportunity to clarify and prove the poor credit is due to some legitimate circumstances. We're not just a score on some credit report. A good credit risk's character can be completely obscured by a bad one who is no longer involved in that person's life. I hope you institute policies that will allow for this in the future. Thank you for your time. Robert Schroeder