If You Don't Correct the Errors, Who Will?

What about errors in my profile?
A research project by U.S. Public Interest Group in June of 2007 published these results based on interviewing 400 adults in 20 states.

 

5 Factors of Credit Scoring

Here are the findings:

  • Twenty-five percent (25%) of the credit reports contained errors serious enough to result in denial of credit.
  • Seventy-nine percent (79%) of credit reports contained mistakes of some kind.
  • Fifty-four percent (54%) of the credit reports contained personal demographic information that was misspelled, long out dated, belonged to a stranger, or was other wise incorrect.
  • Thirty Percent (30%) of the credit reports contained credit accounts that had been closed by the consumer but incorrectly remained listed as open.