The FACT Act of 2003:  Notice and Request For Public Comment On the Effects of Credit Scores and Credit-Based Insurance Scores on the Availability and Affordability of Financial Products #514719-00036

Submission Number:
514719-00036
Commenter:
Sandra Davidson
State:
Florida
Initiative Name:
The FACT Act of 2003:  Notice and Request For Public Comment On the Effects of Credit Scores and Credit-Based Insurance Scores on the Availability and Affordability of Financial Products
I have two erroneous collection accounts showing on my credit reports. These two accounts have caused my scores to be lower than necessary (in the 500's) which has made it impossible for me to obtain the credit, employment, housing and insurance that I need. The first account, a collection for a medical bill, is from a medical provider (a Doctor, I believe) in COLORADO. I live in Florida! I obtained no medical service in Colorado and do not know how this account originated. I written to the bureaus, the collection agency and the FTC. Clearly, someone used my personal information to obtain medical service, but that person was not me. Neither the Doctors' office nor the collection agency has been able to provide a copy of my signature authorization for treatment, driver's license or insurance card. I have not been able to get medical care anywhere for the past ten years without providing this data, yet it can not be provided to me to prove that this account was not an issue of identity theft. The other collection account is a bill for a cable TV provider, Time Warner. Having had problems with Time Warner for years, I have kept (and still carry) the receipt from when I turned in their equipment many years ago and paid the bill in full. Yet, I still have a collection account that remains "verified" on my credit reports. Millions of financial decisions are made in this country everyday. Reliance on the data maintained by Equifax, Experian and TransUnion is a fact of life. Yet, this data is so flawed and faulty. I am just one person, in a sea of people, who are "paying the price" for someone else's mistakes. Is anyone listening?