|Received:||1/5/2005 2:29:12 PM|
|Agency:||Federal Trade Commission|
|Rule:||Advance Notice of Proposed Rulemaking, Request for Comment|
|Docket ID:||RIN 3084-AA94|
Comments:Given the current retail price of an entire credit report from any of the major bureaus, anything more than $1-$2 would seem excessive. When considering the number of consumers who may wish to check their score, even a $1 fee from every American once a year would mean hundreds of millions of dollars in additional revenue for the bureaus. All of that revenue for giving a consumer a number that they maintain with our credit report anyway? That just seems like taking advantage of a monopoly type situation. Considering that the score is almost more important than the report itself, it doesn't seem fair to charge any fee for that score. Shouldn't one free score be included with the free report previously mandated in the Act? And on the subject of maintaining our credit information: aren't computers supposed to make our lives easier and provide cheaper ways of performing the same activities? Why then should one of the most important numbers for a consumer be so expensive to obtain from the source? Some of my existing creditors actually provide me my score from at least one of the bureaus free of charge. My creditor probably doesn't pay an excessive fee to the bureau for that number, so why should I have to pay the bureau an excessive fee just because I am the consumer?