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Credit reporting revision needed

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As a retired history and government teacher who is also an unemployed geologist I am finally starting my personal economic recovery. However, I have discovered a catastrophic problem. The problem isn’t the policy of priming the pump by encouraging the hiring of our unemployed so they can buy products and services that make jobs for others. The catastrophic problem is that the policy has not taken into consideration the unsatisfactory credit worthiness of the newly employed. Therefore, their poor credit scores will unquestionably hinder our recovery. In my situation I never lost our home, but fell behind on monthly mortgage payments as well as payments on one credit card account. Recently, after bringing my house payment and credit card debt up to date I discovered the credit reporting agencies drastically reduced my credit score. As a result, I cannot buy a new car to replace the 43-year-old antique I currently drive. Therefore, in spite of recovery legislation, persons newly employed that previously lost jobs and homes will find it almost impossible to purchase new cars and homes with credit. Although they will now have good jobs they will not be able to buy big-ticket U.S. products that are necessary to expeditiously create our needed economic recovery. And almost certainly the recovery will stall, because credit reporting agencies are not considering the unique financial situations of this recession. Without sufficient individual credit, banks can’t make the necessary loans required by the bank bail-out to expedite personal buying. And since the spending power of our citizens is the essential economic engine that creates prosperity we need to adjust credit reporting. Consequently, legislation should immediately be advanced that will mandate credit reporting agencies to make satisfactory credit worthiness scores a recession concession to Americans who are once again able to pay their bills. Worth F. Crouch, Auburn