80% of credit reports have errors of some type

Statistics consistently show approximately 80% of consumer credit reports contain some type of error or mistake!

 

     Incredible, yet true! This is an indisputable fact verified by the Federal Trade Commission. So why does this happen & how is it possible?

     Most American consumers believe that they don’t have any chance at removing negative items from their credit report. Many also have heard the “Big Three”, Experian, Equifax & TransUnion state that you must wait for the statute of limitations for that item to be removed from your report. That statement is paramount to saying you can be charged with a crime and have no further rights. That’s insane! It’s exactly why America has a judicial system in place. In the same regard you have rights about what these companies report about you!

      One must realize that the three major bureaus are separate corporate entities that are in business for one reason:
To collect information on consumers, package it and sell it. Period!
They DO NOT care whether the information they report is accurate or inaccurate!

     People are not hesitant to hire a lawyer (or represent themselves) in a court of law to fight a charge against them. Yet when it comes to their credit, they believe what they hear from friends, family, or the propaganda Credit Reporting Agencies espouse.

     Now you have a couple of choices:

1.     Sit back and wait until the negative items fall off of your reports---whether accurate or inaccurate.

2.     Or, be proactive and fight these huge entities and their callousness towards reporting accurate information that affects your financial life!

     I always have people access applicable laws, (www.ftc.gov) & first read over the two major laws that can benefit them.

     If creditors are currently bothering you, start with the Fair Debt Collection Practices Act (FDCPA).

     If you believe there is inaccurate information being reported on you, go to the site and type in Fair Credit Reporting Act (FCRA).

 

     If you ever have any questions always feel free to call me. I will NOT solicit you for business. I believe and have proved that if I help people freely, it comes back to me in one way or another.

Yours in Credit Education,

 

Thomas R. McKee