|Received:||4/18/2005 2:43:13 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 Scoring Lies- The credit bureaus allow broad scale monitoring and tampering of credit scores on an unprecedented level. It appears a link exists between them and an enity and/or software program that inserts false data to deflate credit scores. Allowing them to continue to operate without goverment controls and monitoring is unethical, and would implicate the goverment as aiding in this criminal activity. A sound and verifiable means to ensure no tampering is allowed to take place with our credit files, must be implemented and enforced at the highest levels of our goverment. Otherwise, major lawsuits on a mega scale need to be pursued to stop the illegal transfer of wealth through the use of higher intrest rates derived from unfair manipulation of credit scores. No viable reason to continue using the existing credit bureau scheme, except for greed, is apparent at this point in time.