|Received:||4/19/2005 2:02:44 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:I feel the whole credit score issues is a fraud. I in the past had to file bankruptcy do to many mistakes in the past, however, since my bankruptcy I have had 5 years of perfect ontime payments and about 6 different tradelines. However, my credit score is still in the 500 and it cost me not only in interest rates and the price a pay for car insurance, however, I have never had a accident in a vehicle and have had 5 years of perfect credit since but because credit is based on the credit score and not actually looking at the credit report itself he has continued to cost me over and over. I feel the credit score is a scam that the credit reporting agency have came up with.