"The big credit bureaus
and big businesses tolerate big mistakes in credit reports. But those mistakes
ruin the financial reputations of hardworking Americans."
-- Ed
Mierzwinski, U.S. PIRG Consumer Program Director
Over the last
decade, the state PIRGs and other consumer organizations have issued numerous
reports showing that sloppy credit bureau practices are at fault for
errors in consumer credit reports*.
"It is
outrageous that inaccurate credit reports could damage 1 in 4 consumer's ability
to buy a home, rent an apartment, obtain credit, open a bank account, or even
get a job," said Mierzwinski.
U.S. PIRG
collected 200 surveys from adults in 30 states who reviewed their credit reports
for accuracy. Key findings include:
- Twenty-five
percent (25%) of the credit reports contained errors serious enough to result in
the denial of credit;
-
Seventy-nine percent (79%) of the credit reports contained mistakes of
some kind;
- Fifty-four
percent (54%) of the credit reports contained personal demographic identifying
information that was misspelled, long-outdated, belonged to a stranger,
or was otherwise incorrect;
- Thirty
percent (30%) of the credit reports contained credit accounts that had been
closed by the consumer but incorrectly remained listed as
open.
The only
way to make sure your credit report does not contain costly errors is to
review it. Mistakes can happen at any time, to anyone. EverydayWealth allows you
to monitor your CSC Equifax credit report monthly and gives you in-depth
instructions and dispute letters to help you correct mistakes. Let everyone know
that no one can afford to take his or her credit report for
granted!
Let's help bring back the
American dream, one family at a time!

More INFO, Automatically Get Your Credit Report Every Month
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