| Comment Number: | 514719-00035 |
| Received: | 3/14/2005 10:13:14 PM |
| Organization: | Consumer |
| Commenter: | John Mullins |
| State: | FL |
| 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:
Credit Scores are a joke. They are unfair very biased and ridiculous. As far as mortgages go they cheat the consumer who has good credit if his score isnt high enough. I have never paid a bill late in my life and my score isnt high enough to get the best rates!! Why? Because some stupid theory that says I have a higher risk of non payment says I should be charged more. 10 years ago I would get the lowest rates and now I am penalized. What a rip off!