|Received:||4/21/2004 8:00:00 AM|
|Agency:||Federal Trade Commission|
|Rule:||FACTA Free Reports Proposed Rule|
To the FTC, RE FACTA Free File Disclosures Proposed Rule, Matter No. R411005
Please support faster free credit reports
These days, a person's credit is more important than about anything, except a person's prison or arrest
record. Driving records, school records, everything else pale before the difference in a person's life a credit
report mistake can make.
The fact that millions of people a year PAY MONEY to check their own credit report for errors is a disgrace.
Credit agencies should be run as a public institution, or utility, since they've become a defacto public
I urge the FTC to make annual free credit reports available to every American, even if you haven't been a victim
of denied credit.
In addition, the Credit Bureaus should not be able to market their products to you using your information --
they should send you your credit report, so you can check it for errors, and keep their marketing to themselves.
I'd suggest that credit info should be held by a public institution, run by the FTC or some other government
organization, especially since credit info has become such an inordinately important part of a person's life.
But that's not going to happen -- too commonsense, and takes profits away from companies.Richard Soenneker