|Commenter:||Ms. Georgia Brewer|
|Agency:||Federal Trade Commission|
|Rule:||16 CFR Part 610 Amendments to Rule to Prevent Deceptive Marketing of Credit Reports and to Ensure Access to Free Annual File Disclosures|
Comments:I am in favor of the proposal to require plain and well-displayed notices about the actual consequences and costs of signing up for "free" credit reports. It is more than disappointing to see so many so-called "free offers" that have undisclosed strings attached. I would like the notices to state that if you give your credit card number to one of these services, it may be charged with undisclosed costs. In addition, the notices should state that each time your credit report is reviewed, it lowers your FICO score. I have a friend with excellent credit who signed up for this kind of service, and not only felt abused by the unanticipated charges, but by the effect of lower FICO scores as she obsessively checked her score on an almost daily basis. No one advised her of the consequence. I also support your proposal to delay advertising for other credit products until after consumers obtain their free annual credit reports. Thank you.