I just learned about this forum and would like to express my thoughts if I may. I have been working on my credit score for two years and am dismayed my efforts reflect a roller coaster for reason you understand due to the system and policies. would like to attach a copy of a letter I actually sent to Congressman Levin: Please see below:
January 10, 2008
Mr. Sander M. Levin
Congressman
27085 Gratiot Avenue
Roseville, MI 48066
Dear Congressman Levin,
The Federal Trade Commission, as you know, regulates the outcome and process of consumer credit reporting. It is my goal to inform you of the disadvantages contained within the system I have navigated to this regard. In the previous 5 years have been experiencing the economical characteristics common to many persons in the state of Michigan. However, having attempted forthright to my best to improve my habits and obtain a credit score far above what is currently reported, am inflamed with the system and believe that FICO and the consumer lending agencies as well as the FTC must be in bed together.
I make this claim with substantial experience at attempting to navigate our laws and the process in place. It is my intention to pursue changes within this system and am asking for your consideration of your thought to it. As a lone consumer I am without substance and ammunition to fight a large system however as a citizen who would like a small mortgage am in a firestorm with the credit reporting agencies due to the constraints placed upon them. The work I have put into correcting my credit reports is singularly impossible without spending inordinate amounts of money and time.
I believe it is a system arranged for just that. My anger and frustration attempting to correct what is the truth has been met with disdain for my efforts and I am at a loss as to why it should cost me to correct my very own private information about my life. Unless of course it is with the intention the FTC assists the lending institutions as well as the credit reporting agencies to keep negative information so as to keep consumer spending and interest rates, etc at an unbearable and unnecessary level for a person such as myself.
It is my intention to continue writing and acting upon this issue until I see change and am asking you for your thoughts about this system. I appreciate your time and any effort you can bear to this regard.
Sincerely,
Dollardown2
cc: FTC
edit: Hi, Dollardown2, welcome to the forums. I edited out your personal info. We discourage the posting of your name, address, and so forth in order to maintain your privacy and security. Good luck in your efforts!
Message Edited by haulingthescoreup on 01-13-2008 04:37 AM
