| Comment Number: | 522110-00022 |
| Received: | 5/3/2006 7:43:19 PM |
| Organization: | N/A |
| Commenter: | TORIANA SANDERS |
| State: | KS |
| Subject: | Procedures to Enhance the Accuracy and Integrity of Information Furnished to Consumer Reporting Agencies |
| Title: | Advance Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Parts 660 and 661 |
| No Attachments |
Comments:
I FEEL THAT WHEN THERE ARE DISCREPANCIES ON YOUR CREDIT REPORT OR WHEN YOU ARE TRYING TO DISPUTES ITEMS ON YOUR CREDIT REPORT IT TAKES THEM FOREVER TO UPDATE I UNDERSTAND CREDIT BUREAUS HAVE TO INVESTIGATE HOWEVER IT SHOULD NOT TAKES MONTHS, I HAVE SUBMITTED DOCUMENTS OF MY DISCHARGED CHAPTER 7 ON ALL THE CREDITORS LISTED AND THE CREDIT BUREAUS STILL HAVE SOME ITEMS ON MY REPORT THAT IS CLEARLY INDICATED IN THE DISCHARGE PAPERS HOWEVER I AM STILL DISPUTING THINGS ON MY REPORT AND IT IS TIME CONSUMING AND EXHAUSTING. SOME THINGS THEY DID DELETE AND UPDATED HOWEVER THEY DID NOT UPDATE CREDIT SCORE, HOW IS IT THAT THE BUREAUS DELETE THINGS OFF YOUR REPORT AND UPDATE OTHERS INFORMATION STATING ZERO BALANCE AND IT NOT IMPACT THE CREDIT SCORE. I FEEL THIS SYSTEM IS IN NO HOW NO WAY TAILORED FOR THE WORKING CLASS, HOW CAN YOU HAVE TOO MUCH CREDIT AND THAT LOWERS YOUR SCORE THAT DOESN'T MAKE SENSE TO ME. CREDITORS CAN REPORT INFORMATION AND MAKE INQUIRIES WITHOUT YOUR KNOWLEDGE AND THAT IMPACTS YOUR CREDIT SCORES. WHO DOES THIS SYSTEM WORKS FOR THE UPPER CLASS RICH PEOPLE THAT CARRY ZERO BALANCES. I MEAN EVERYONE IN THIS WORLD DOESN'T HAVE THAT KIND OF MONEY AT THE SAME TIME WE PAY OUR BILLS ON TIME MAKE THE MAXIUM PAYMENT OR EVEN THE MININUM BUT IT IS ON TIME BUT YET OUR SCORES ARE LOW. SOME OF US DON'T HAVE TIME TO FIGURE OUT IF YOU LOWER YOUR BALANCE ON ONE CREDIT CARD WILL THAT AFFECT YOUR CREDIT SCORE.....WHY IS IT THAT PEOPLE CAN REPORT TO YOUR CREDIT REPORT AND THE CREDIT BUREAU WILL PUT THAT NEGATIVE INFORMATION ON YOUR REPORT QUICK FAST AND IN A HURRY BUT WHEN YOUR DISPUTING THE MESS IT TAKES THE BUREAUS FOREVER TO UPDATE THE INFORMATION EVEN WHEN YOU PROVIDE SUPPORTING EVIDENCE IT STILL TAKES THEM A WHILE. ITS LIKE YOUR GOING IN CIRCLES UNTILL YOU SEE RESULTS.