|Received:||4/26/2005 12:25:38 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 don't believe credit reports should be so widely available and used to determine everything from a job promotion to insurance coverage. Though I have had no tickets in the last 5 years (and only 1 19 years ago prior to that) and no accidents in over 20 years, I was rejected for coverage by several insurance companies who checked my credit report without my permisssion. I was finally able to get coverage, but had to pay higher premiums because of my credit. I have also been denied a job due to my credit report - I was the most qualified candidate for a job and was all but hired until at the end they ran a report. That was devestating. In addition, my violent ex-husband has a friend in the used car business who has access to credit reports. He found me once using such information. As it turns out, when I applied to lease an apartment they ran a report on me, which recorded the name and location of the apartment inquiring. In closing, I would suggest that only actual lenders be given access to such information. As it is, I feel that I need to carry a copy of the report around with me like a resume or SS card as part of an identity package to present to every entity. That would keep all of the inquirys from being posted and thus lowering my chances of ever repairing the damage done to my rating. Thank you for considering my comments.