54 percent of the credit reports contained personal demographic identifying information that was misspelled, long outdated, belonged to a stranger or was other wise incorrect.
According to Ed Mierzwinski, USPRIG Consumer Program Director, "It is outrageous that inaccurate credit reports could damage one-in-four consumers’s ability to buy a home, rent an apartment, obtain credit, open a bank account, or even get a job."
It's intimidating to think that there could be errors on a credit report 79% of the time! Thanks for the heads-up.
Thanks for sharing the info and putting the link to back it up. So many people quote numbers but never give the source which makes the numbers meaningless.
John Thomas - Certified Mortgage Planner
People are always skeptical when they see how much of the info is inaccurate - I have seen studies that show even high numbers (90% inaccurate!).
:)
Matt Listro
Toll Free: 888-NCFIXER (623-4937)
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Yeah Matt, I agree. I have seen much higher numbers as well, some upwards of 95%. The 79% quoted is the national average based on the USPIRG report.
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