|Received:||1/4/2005 11:21:20 PM|
|Agency:||Federal Trade Commission|
|Rule:||Advance Notice of Proposed Rulemaking, Request for Comment|
|Docket ID:||RIN 3084-AA94|
Comments:I would like to thank the FTC for the opertunity to comment on the Fair and Accurate Credit Transactions Act of 2003 - Fair and Reasonable Fee for Credit Score Disclosure. Credit agencies should not be permitted to charge anything for disclosing information concerning an individual when it is being disclosed to the individual in question. It is questionable from a property standpoint as to whom exactly the information belongs. No government agency, with the exception of national security interests, is permitted to amass information on an individual and then not disclose it freely. Private organizations should have even less discretion in disclosure as they are hardly as accountable, especially when there are financial interests involved and the information being disclosed is often of a questionable nature in terms of accuracy to begin with. The methods of scoring credit have still not been adequately disclosed to the public nor have adequate consumer protections been instituted to justify charging for a disclosure. At this time it is not in the interest of the American public for there to be any fee to obtain a credit report for their personal use as the American public having knowledge of what is in their reports is still the only reliable way to insure that credit reporting agencies are fairly and accurately reporting information that affects the lives of hard working American citizens.