Credit rating Chicago

Rules go too far, industry group says In the five years since the free credit report rules went into effect, about 150 million free credit reports have been sent to consumers, according to credit rating Chicago comments filed by Stuart Pratt, credit rating Chicago president and CEO of the Consumer Data Industry Association (CDIA), a trade group representing the major credit reporting bureaus. The group contends the FTC is overstepping its authority by banning credit rating Chicago special offers and ads while free credit report requests are processed. The rule's coverage ends once a consumer requests the free file disclosure; it does not extend beyond that point, Pratt asserts. In addition, credit rating Chicago the group argues, banning the ads violates the bureaus' right to free expression.

They argue that getting a credit score along with the free credit report enables consumers to learn how information in their credit report files affects their credit score. check free credit report Pratt notes that the proposed rules don't credit rating Chicago go far enough in curbing practices of third-party commercial sites that aren't affiliated with the three major CRAs, but charge fees for consumers to obtain free credit reports.

The FTC's proposed rule does not focus on these kinds of abuses, he writes. Charles Burnett, president of Evergreen Credit Reporting, a small Nevada CRA that operates creditreporting.com, said in comments his business will be affected by the proposed rule requiring any Internet sites that offer free credit reports set up a separate Web page (called a landing page) that includes the FTC disclosure: This is not the free credit report provided for by federal law. secure free credit report

To get your free report, visit www.AnnualCreditReport.com or call (877) 322-8228. Burnett called the rule extreme, adding the landing page will direct most if not all potential customers to the government website whether the customer is looking for the free credit rating Chicago annual credit report under law or not. He adds: We do not attempt to mislead consumers, but we do generate revenue for our company by selling credit reports and related products to consumers, and we are sensitive to FTC requirements that may adversely affect our ability to sell legitimate products.

Chamber of Commerce also filed comments objecting to the separate landing page requirement.

The proposed rule would greatly discourage consumers from obtaining products on commercial sites. Businesses offer consumers credit rating Chicago a variety of useful products, many of which have been vetted by regulatory agencies. By credit rating Chicago setting up roadblocks to the sites that offer the commercial products, however, many consumers will be deterred from taking the extra steps necessary to obtain such products. free credit reports scores

reports getting thousands of complaints annually from consumers under the current system whereby credit rating Chicago consumers are required to set up an account or provide a credit card, before they are able to access their free annual credit report. Because the reports are free, there is no reason to require a consumer to provide his or her credit card or to set up an 'account' with the CRA, according to comments filed by Rodney L.