|Received:||3/14/2005 10:13:14 PM|
|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: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!