|Received:||5/24/2006 1:57:12 PM|
|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|
Comments:I have had nothing but problems getting my credit report to reflect accurately. I have had several accounts open in my name that were and are not mine and the Credit Reporting Agencies reported them verified when I disputed them. When I contacted the original creditors about these accounts they replied that the know it existed but have no records or signed contract, yet the continue to report the account to the Credit Reporting Agencies. This is ridiculous and should be criminal. There is no accountability between the Credit reporting agencies and creditors. The only way for a consumer to correct this is to sue or threat to sue. This creates an undue burden on the consumer. It takes a long time and resources to correct. If the creditor reporting cannot produce paper work or a contract the credit reporting agency should have to delete that account off of a consumers record. The creditor reporting agency just takes the word of the creditor that the account exists. This is uncalled for.