|Received:||4/7/2004 8:00:00 AM|
|Agency:||Federal Trade Commission|
|Rule:||FACTA Free Reports Proposed Rule|
Comments:I think giving consumers a free credit report annually is a great idea. Your credit report basically follows you into almost every purchase you make, from buying a house to even renting an apartment, but in order to know what your credit report is saying about you, you have to purchase it. That does not make sense to me. Also, identity theft is so prevalent, and you always hear on the news to check your credit report, but yet you have to purchase the report to make sure no one has stolen your identity. That makes even less sense. I don't think a profit should be made off of my personal information that is used to determine what purchases I can make now and in the near future, when a profit will be made from the purchase itself anyways. I have not purchased a credit report in a long while. Yes it may only be $8-10 for a report, but it's the principle behind the purchase of it that keeps me from getting one.