Proposed Consent Agreement In the Matter of SettlementOne Credit Corporation, a corporation, and Sackett National Holdings, Inc., a corporation, File No. 0823208 #552775-00005 

Submission Number:
552775-00005 
Commenter:
Michael  Nichols
Organization:
Data Facts Inc
State:
Tennessee
Initiative Name:
Proposed Consent Agreement In the Matter of SettlementOne Credit Corporation, a corporation, and Sackett National Holdings, Inc., a corporation, File No. 0823208

March 4, 2011 Hon. Donald S. Clark Federal Trade Commission Office of the Secretary 600 Pennsylvania Avenue, NW Washington, DC 20580 Via Electronic Filing Re: In the Matter of SettlementOne Credit Corporation, et al., File No. 082 3208 In the Matter of ACRAnet, Inc., File No. 092 3088 In the Matter of Fajilan and Associates, et al. File No. 092 3089 Dear Mr. Clark: Data Facts Inc. appreciates the opportunity to comment on the Federal Trade Commission’s (“FTC”) proposed settlements in the three above-referenced matters. Background on Data Facts Data Facts Inc. was founded in 1989, as a credit reporting agency (known to you as a “reseller” in Fair Credit Reporting Act (“FCRA”) terms, servicing the consumer reporting needs of mortgage lenders, property managers, and employers. My company is very similar to the respondents’ companies referenced above. As a “reseller” of consumer reports, we obtain reports from the three nationwide consumer reporting agencies and create combined, or “tri-merge”, and other specialty hybrid consumer reports for specific mortgage lending, property leasing and employment screening needs. I take the duty of being a good steward of the consumers’ data within my control very seriously and have never neglected my obligation to safeguard the consumers’ information. I agree with the FTC’s statements about problems associated with identity theft and for that reason I have devoted significant corporate resources, including investment in sophisticated technology systems, to protect consumer data within my control. Please review our thoughts/concerns in the document attached