16 CFR Part 610 Amendments to Rule to Prevent Deceptive Marketing of Credit Reports and to Ensure Access to Free Annual File Disclosures #545091-00204

Submission Number:
545091-00204
Commenter:
Mr. Steven Jennings
State:
FL
Initiative Name:
16 CFR Part 610 Amendments to Rule to Prevent Deceptive Marketing of Credit Reports and to Ensure Access to Free Annual File Disclosures

The current amendments offered are good ideas (upsells, ads, and requiring third-parties to state they are indeed not free reports) and should stay in the bill amendments. However, there needs to be clear disclosure on what is provided in the report. The report should also APPROXIMATE the Credit SCORE of the individual so that spending money to get the credit score is required. Most people go for the third-parties (or at least people in my immediate family) because they promise the credit score. Despite the fact that the history, at least in my mind, is more important than the score - sometimes my stubborn family would refuse to admit that and go for the score anyway. Here is what I propose: 1) Provide clear disclosure of what the Credit Report Contains. 2) Provide clear disclosure on how to properly 'clean up' the report to be free of misinformation. 3) Provide a Credit Score approximation. Specifics are not required, in my mind. 4)