Free credit history Madison

TransUnion, if you would like to clear things up for the record, write. Your email will be published right free credit history Madison here, on this page. TransUnion's (fka Trans Union) cat-and mouse game goes all the way back to 1999, when all three CRAs' representative asked the oh-so compelling question, "Well, again, what scores?"!!?! Equifax cleaned TUC's and EXP's clocks by being first with a free credit history Madison FICO score (BEACON). The question was disingenuous free credit history Madison at the time, and a harbinger of the shell games TransUnion and Experian have played ever since. Congress: Who-- in their right mind-- would go to the free credit history Madison trouble of getting their credit report, and then not get their FICO score? Free credit reports were the best thing that ever happened to the credit bureaus. Certainly, the FACT Act amendment to free credit history Madison the FCRA (subsection 609(f)) will settle that one. On December 4, 2003, the President signed into law the Fair free credit history Madison and Accurate Credit Transactions Act of 2003. Eleven months later, on 11/8/04, in the Federal Register, the FTC solicited comments. The FTC's own press release said the law directed it to develop a "'fair and reasonable' fee for credit bureaus to charge consumers for a copy of their credit score beginning December 1, 2004," less than a month after soliciting comments. free credit report review Three years after the FACT Act was signed into law, there was still no price. The FTC explained that Congress didn't set a deadline. In a congressional hearing on credit report free credit history Madison disputes in 2007, a Federal Trade free credit history Madison Commission representative listed the fee determination under "Tasks still in progress," and submitted that the Commission is "working" on it, and is committed to completing its task "as quickly as possible." In response to congressional questioning, the FTC representative said, "I think that we can come up with a timetable for completing the remaining tasks." (video, at 1:12:00) In the meantime, here's all we'free credit history Madison ve got: The Commission recognizes that the provisions of FCRA section 609(f) will free credit history Madison become effective on December 1, 2004 without regard to whether the Commission has made a determination or given guidance on free credit history Madison how it will determine whether a particular fee is fair and reasonable. credit card fraud reporting Although Congress has directed credit scores be available for a fair and reasonable fee as determined by the Commission, it did not impose a deadline for a determination free credit history Madison nor has it required that the determination be made in any particular manner.

Furthermore, there is no indication that Congress free credit history Madison meant to require regulated entities to make the required disclosures free of charge. For these reasons, the Commission interprets section 609(f) to allow regulated entities free credit history Madison to charge a fee for required disclosures in advance of any specific Commission determination free credit history Madison or other guidance, so long as free credit history Madison that fee is fair and reasonable. Thus, absent additional Commission action on or before December 1, 2004, consumer reporting agencies free credit history Madison must disclose mortgage or educational scores to consumers and may charge a fair and reasonable fee for those disclosures. Indeed, this process is currently used in the states that require similar disclosure. The Commission’s enforcement of the ‘‘fair and reasonable’’ requirement will be by reference to the free credit history Madison extant market in credit scores. Thus, at present the Commission may question any fee that significantly exceeds the current market free credit history Madison rates for credit scores, which are currently in the range of $4 to $8. credit report and scores

The FTC's loose, self-imposed deadline: The Commission proposes an effective date of free credit history Madison thirty days after promulgation of its final determination. The Commission recognizes that the provisions of FCRA section 609(f) will free credit history Madison become effective on December 1, 2004 without free credit history Madison regard to whether the Commission has made a determination or given guidance on how it will determine whether a particular fee is fair and reasonable.23 The FTC also testified, "Currently, many credit reporting agencies appear to be charging fees free credit history Madison under $10 to obtain a credit score." Of course, that is all a bunch of hooey if the score they sell you isn't the real score.