Re: Should the concept of credit reports be done away with?

Posted by chrismc1@shentel.net (24.49.33.213) on August 25, 2002 at 09:30:37:

In Reply to: Re: Should the concept of credit reports be done away with? posted by Linda on August 24, 2002 at 23:53:05:

If one can't eliminate credit reporting, I say severely limit who has access to it and what they can do with it. Potential employers, for example, shouldn't have access to it. You are there to do a job for them, credit rating should have no bearing on job performance. I also say that if credit is denied and the debtor has extenuating circumstances, such as ill health or long term unemployment, one should have an appeal process through the lender or creditor, if not, through the civil courts and have a judge decide it. I still maintain my position of a four year time limit of any negative information, regardless of the fact its resolved or not, it can stay for four years, after which time, its removed, period. I say if in the event its resovled before that time, all references to the account is removed, as if it never existed. I say collection agencies and other agents of creditors have to follow strict rules, they can call your home only, and at not between the hours specified by existing laws. I also say that if this is violated, they are subject to the methods and penalties of harassing phone calls on federal and/or state level, usually a fine or in some cases, imprisonment. I certainly agree that government should not have their nose in a lot of things, but credit reporting and how they currently do things are becoming the execption to that

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