Mistakes Do Happen!Posted on June 11, 2009

Research conducted by US Public Information Research Group in Washington, D.C. finds that:

• 29% of credit reports contain serious errors, false delinquencies, or accounts that did not belong to the consumer.
• 41% of credit reports contain demographic information that was misspelled, outdated or incorrect.
• 20% of credit reports were missing major credit, loan, mortgage or other information to demonstrate the credit worthiness of the consumer.
• 26% of credit reports contain accounts that were closed by the consumer but incorrectly listed as open (or) “closed by credit grantor”.
• Altogether, 70% of credit reports contain errors or mistakes.

It makes sense to ensure that all information on your report is current and completely accurate. The big three credit report companies (TransUnion, Equifax and Experion) don’t care if the information is correct because it costs them money to make corrections. It is in your best interest to be proactive and verify the information on your reports.

To learn more about how you can fix your credit, or if you need help getting inaccurate and unverifiable items removed from your reports, call Trinity Credit Services today at 1-888-669-7372 and we can help.