Consumer complaint received 2023-03-07
Company: FIRST FINANCIAL BANCORP
State: IN
Product: Credit reporting, credit repair services, or other personal consumer reports
Sub-product: Credit reporting
Issue: Problem with a credit reporting company's investigation into an existing problem
Sub-issue: Their investigation did not fix an error on your report

Complaint:
My concern is that these credit bureaus/companies that need to run your credit to make sure you pay your bills are running individuals ' credit but are not providing people with any loan or credit card after doing so. This puts a two year hard inquire/derogatory mark on your credit report thats drops your credit rating around XXXX points sometimes. My question is, how are people supposed to come out of poverty-stricken areas when the system they have currently set ; makes a two-year derogatory mark on your credit report? This seems like a modern-day trap for slavery. This is unreasonable and only allows the rich to prosper and holds the people needing help at the bottom. I do not believe our credit reports should be affected if they are not providing us with loan/credit line at the end. I believe this is a way for the rich/big corporations to keep control over those who are not as intelligent with electronics/technology/economics and only breeds more hostility and deception. This is not honorable, justice, or reasonable by any means. This allows for people at the top to suppress those at the bottom by means of a fantasy number they control unfairly. I am a man that always pays his bills and have fallen victim to this credit scam even when I'm paying them more money over the term of the credit card, my credit score still suffers. That doesn't make sense. My credit score was around XXXX a couple years back and due to the having inquires ran on my credit I am unable to lower my interest rates on these cards with a personal loan or a debt consolidation loan. The system does not seem to be in favor of hard-working Americans who go to work and pay their bills in my eyes. Interest rates are unreasonable and with the current inflated market everywhere in the United States makes it much harder to be able to pay anything extra on these credit cards. Rent Cost have skyrocketed. Food cost have increased. Essentials have increased. The cost of living has increased. I don't see how workers are even making it in this current market when most of them are only bringing home less than {$1000.00} every 2 weeks. One check these days is your whole rent payment plus some extra. Having a home is a basic necessity that everyone should have in life but it's the things we pay the most for in life. We shouldn't be getting " XXXX '' for rent when we are trying to save for a home of our own. This is a class action lawsuit in itself. America is turning into the land of Monopolies and that is creating what we know today as modern-day slavery through economics and hacking technology. I missed all emails for the previous complaint I submitted but I have my notifications on now. Stop letting the big corporations bully decent hard-working Americans!

Company public response: Company has responded to the consumer and the CFPB and chooses not to provide a public response
Company response to consumer: Closed with explanation