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 think the scoring of people is not fair and can never be fair. The entire industry is set up to make money. ANd that's fine, but let's not pretend that people are better served now. People with poor credit will have a much harder time getting better credt. I think the idea of creating an industry that was not asked for by the masses and only serves the corporate, and motivating us as individuals to spend moey and try to "fix" something that means nothing... is ingenious. Really. But I don't want to play the game. I lived just fine dealing with my personal bank. It is not in the industry's best interest to be accurate or to help us repair our reports. The scoriong models are all different and the reports do not all have the same info... therefore... none of them are "accurate" accounts of us. And they never will be. go to www.creditboards.com and read the credit forum... or any forum. you'll learn what the system really is. It was designed to make money and it does. It collects information about us, whether true or false, and sells it. And then we spend money and lots of effort and time trying to play their game... by rules that change constantly. I want the option of "opting out". I want them to delete every pieve of information about me and anybody else who wants it, and the person looking us up will get a message that says "this is an autonomous person... if you want to know what kind of person they are, look into their eyes and talk to them." "Ask for references... but we have nothing on them because they are completely capable of taking care of their own lives and don't need us to tell you what kind of person they are." We should be allowed to opt out on a national scale. We need to stop trying to keep our fingers in everybody else's business. I don't want to NOT be alloowed to have a phone just because I don't want to be part of this stupid, ill-conceived system. I want the phone company to say, "oh, ok... well, just get us alewtter from a utility that you had for at least one year that will tell us you pay on time." I want to opt out... but I cannot do it alone. Not anymore. the "system" has gotten too much control and power... and is far too big to control itself.