|Received:||3/10/2005 1:25:53 PM|
|Commenter:||connie dello buono|
|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|
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.