|Received:||11/7/2004 11:03:38 PM|
|Agency:||Federal Trade Commission|
|Rule:||Advance Notice of Proposed Rulemaking, Request for Comment|
|Docket ID:||RIN 3084-AA94|
Comments:Dear Commission Members, Should a FICO score be used as part of a creditor's decision in denying a consumer credit, employment or other service, that score should be available to consumers at no charge. Fair Isaac and the major credit reporting agencies make money by storing and selling information about consumers. it is not appropriate that consumers should be required to pay a burdened, retail price for access to that data, particularly given the widespread inaccuracies and pattern of innacuracies in such a large percentage of consumer credit files. I therefore propose that no consumer should be required to pay more than the lesser of the lowest wholesale price Fair Isaac (or any CRA, for that matter) charges to any of its business customers or $1.00. Please consider this in your determination process.