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 #514719-00093

Submission Number:
514719-00093
Commenter:
Nathan Holden
State:
California
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
Equifax has reported my credit score at varying levels from 659 in February of 2005 to 666 on March 14, 2005, to 630 on April 1, 2005, to 619 on April 20, 2005, and as of April 25, 2005 it is being reported as 654 - after many long hours on the phone, and writing letters, my score is STILL 12 points lower than it was on March 14, 2005. The frustration and helplessness I feel cannot be described, and are only matched by the immense obstruction this presents to me in trying to refinance a mortgage loan. I can discern no methodology to their calclulation of my score. This arbitrary process has very real and very damaging consequences to me. Please address this glaring lack of oversight and protect American consumers! Nathan Holden