| Comment Number: | 522110-00048 |
| Received: | 5/19/2006 12:11:14 PM |
| Organization: | |
| Commenter: | J Fogel |
| State: | IL |
| 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 |
| Attachment: | 522110-00048.pdf Download Adobe Reader |
Comments:
I would like to suggest that you require credit card issuers to report consumers' credit limits to the credit reporting agencies. Many credit card issuers such as Capitol One only report a consumer's high balance. This practice can severely drive down the credit score for many consumers who are completely unaware of the complicated FICO scoring process! For more on this, I am adding a link and attaching a file to a well written Washington Post article: http://www.washingtonpost.com/ac2/wp-dyn/A25109-2004Dec24?language=printer#