Comments:

My job involves assisting low income people with various legal and consumer issues. Access to credit is often hindered by inaccurate information on credit reports. Many people are scammed by "Credit Repair" agencies claiming to be able to "fix" credit reports. I have found that many people don't know how to go about getting a credit report, and often don't want to spend the money to obtain it, especially when their income is limited. In almost every case where I have helped a client obtain a credit report, there were errors that impacted their ability to obtain credit on decent terms. This rule would allow consumers the opportunity to regularly monitor their credit information, which in turn should lead to an increase in measures taken by the agencies to ensure accuracy, investigate disputed items, and make timely corrections. I encourage approval of the rule.