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Mistakes can lead to bad credit (The Terrell Tribune)

Here’s an article offering debt validation services. But what I liked are the statistics offered about credit reports and credit errors:

“According to the US Public Interest Research
Group, 70 percent of all credit reports contain errors, with 29 percent
containing serious errors and 41 percent having personal demographic
identifying information that was misspelled, out-dated, belonging to a
stranger or incorrect.

The
research group also says 20 percent of credit reports were missing
major credit, loan, mortgage or other consumer accounts that
demonstrate the credit worthiness of the consumer.

And 26 percent of credit reports contain accounts that have been closed by the consumer but incorrectly remained listed as open.”

Take care-

Adam

Debbie Baker was once $57,000 in credit card debt before she decided to take matters into her own hands.

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