| Comment Number: | 522110-00033 |
| Received: | 5/2/2006 1:21:00 PM |
| Organization: | |
| Commenter: | David Williams |
| State: | TX |
| 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:
It would seem that some of the creditors will take for ever to resolve issues, and even then they drag their feet even more, they have no interest in cleaning up errors. This appears to be because they have nothing to loose by delaying issues. The credit bureaus them selves also seem to have the same issue. They have no interst in correct data, and since it costs the same right wrong, no interest in clearing up issues. Some also seem to have a long term issue with getting current data. They will spend several months before data catches. They also seem to not care, and might even be profiting from the issues that they help create along with their partners, the creditors. This is the biggest example of garbage in garbarge out, and the cost to the economy is enormous is lost business, and fraud that perpetuates the process.