Twenty-nine percent (29%) of credit reports contain serious errors, false delinquencies or accounts that did not belong to the consumer.
Forty-one percent (41%) of credit reports contain demographic information that was misspelled, outdated or incorrect.
Twenty percent (20%) of credit reports are missing major credit, loan, mortgage, and/or other pertinent information to demonstrate the credit worthiness of the consumer.
Twenty-six percent (26%) credit reports contain accounts that were closed by the consumer but are incorrectly listed as open on their credit report.
Published Consumer Reports estimate that anywhere from 48% to 70% of the consumers credit
reports contain errors or mistakes.
Remember Credit reporting agencies are in business to protect their interest. We are in business to educate consumers and protect your rights. Analyzing your credit report is a major key to any debt management strategy.
Filed under: Uncategorized | Tagged: credit reports, debt managment, inaccurate credit report
