Credit Report Error Rate
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Truly Free Credit Repo... Your Source for a Truly Free Credit Repo... Your credit report contains information about where you live, how you how to dispute a credit report error experian pay your bills, and whether you’ve been sued or arrested, or have
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filed for bankruptcy. Credit reporting companies sell the information in your report to creditors, insurers, employers, and
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other businesses that use it to evaluate your applications for credit, insurance, employment, or renting a home. The federal Fair Credit Reporting Act (FCRA) promotes the accuracy and https://www.ftc.gov/news-events/press-releases/2013/02/ftc-study-five-percent-consumers-had-errors-their-credit-reports privacy of information in the files of the nation’s credit reporting companies.Some financial advisors and consumer advocates suggest that you review your credit report periodically. Why?Because the information it contains affects whether you can get a loan — and how much you will have to pay to borrow money.To make sure the information is accurate, complete, https://www.consumer.ftc.gov/articles/0151-disputing-errors-credit-reports and up-to-date before you apply for a loan for a major purchase like a house or car, buy insurance, or apply for a job.To help guard against identity theft. That’s when someone uses your personal information — like your name, your Social Security number, or your credit card number — to commit fraud. Identity thieves may use your information to open a new credit card account in your name. Then, when they don’t pay the bills, the delinquent account is reported on your credit report. Inaccurate information like that could affect your ability to get credit, insurance, or even a job.How to Order Your Free ReportAn amendment to the FCRA requires each of the nationwide credit reporting companies — Equifax, Experian, and TransUnion — to provide you with a free copy of your credit report, at your request, once every 12 months.The three nationwide credit reporting companies have set up one website, toll-free telephone number, and mailing address through which you can order your free annual report. To
GO Log In Log In Join CBSNews.com Sign in with Episodes Overtime Topics The Team 60 Minutes All Access facebook twitter email Related Video 60 Minutes - Business 40 Million Mistakes: Is your credit report accurate? 60 http://www.cbsnews.com/news/40-million-mistakes-is-your-credit-report-accurate-25-08-2013/ Minutes Overtime Andy Court's great "whodunit" 60 Minutes Overtime The ONE thing to know about http://money.cnn.com/2013/02/11/pf/credit-report-errors/ your credit report 60 Minutes: Segment Extras How mistakes can harm your credit 60 Minutes: Segment Extras How to dispute errors on your report 60 Minutes Sharyn Alfonsi 60 Minutes About Us 60 Minutes Armen Keteyian 60 Minutes Lara Logan 60 Minutes Bill Whitaker 60 Minutes Jordan in "dire straits" says its king 60 Minutes The 9/11 Museum 60 Minutes 60 Minutes/Vanity Fair credit report poll: Generations 60 Minutes 60 Minutes/Vanity Fair poll: The Environment 60 Minutes 60 Minutes' Morley Safer dies at 84 60 Minutes 60 Minutes/Vanity Fair poll: Artificial Intelligence 60 Minutes Lawmakers call for change after 60 Minutes report 40 Million Mistakes: Is your credit report accurate? A government study indicates as many as 40 million consumers have a mistake on their credit report and Steve Kroft finds it's hard to get them fixed 2013 Aug 25 More + Stumble Twitter credit report error Facebook Comments The following script is from "40 Million Mistakes" which aired on Feb. 10, 2013 and was rebroadcast on Aug. 25, 2013. Steve Kroft is the correspondent. James Jacoby and Michael Karzis, producers. Whether we like it or not, we live in an age where much of what goes on in our daily lives is monitored, collected and sold to interested parties -- our driving records, our medical history, our Internet traffic and, most importantly, our credit information. A mistake on your credit report can cost you money. It can increase the interest you pay on loans, prevent you from getting a mortgage or buying a car, landing a job or getting a security clearance. Its not uncommon. And as we first reported in February, a government study indicated that as many as 40 million Americans have a mistake on their credit report. Twenty million have significant mistakes. And our own investigation of the credit reporting industry shows that those mistakes can be nearly impossible to get removed from your record. To access a free credit report from each of the three national credit reporting agencies, click here For tips from The National Consumer Law Center on what to check in your credit report, click here To file a credit reporting complaint with the Consumer Financial Protection Bureau, a government agency that oversees the credit reporting industry, click here To read more abou
care World Access Companies Car News Interactives America's Choice 2016 CNNMoney Sport Player ROI Who is..? The Feed CNNMoney Investigates Your Money, Your Vote American Opportunity 5 Stunning Stats Growing India Markets NSA leak: Booz Allen shares drop on arrest of contractor Investing Economy Buzz Fed Focus ETF Center Premarkets Market Movers Dow 30 After-Hours World Markets America's Debt & the Economy New Investor Investing Guide The Open Fear & Greed Tech Galaxy Note 7 reportedly catches fire on plane Innovate Gadget Connect Cyber-Safe Upstarts Powering Your World 2020 Visionaries Elon. Evolution Love Inc. Innovative Cities Agility in Action Quantum Leaps Unhackable 15 Questions With Sex, Drugs & Silicon Valley Media Personal Finance The rich who owe no income tax Save Spend Ahead Wheels Real Estate Careers Millennials & Money Your Money Homes Calculators Money Moves 24 Hours With Money Essentials My Watch List Loan Center Small Biz Iconic '80s toy bear Teddy Ruxpin is back Startups Empire Women Entrepreneurs Luxury Paris Motor Show goes electric Style Away Rare Drive Wealth Rich Quiz The Collector A Gentleman's Guide Millionaire Calculator Log In Log Out Millions of credit reports have errors by Blake Ellis @blakeellis3 February 12, 2013: 12:58 PM ET Three ways to boost your credit score Millions of Americans have mistakes on their credit reports, some of which are serious enough to lower credit scores and result in worse credit offers, a new government study finds. As many as 42 million Americans have errors on their credit reports, according to a Federal Trade Commission study of around 1,000 participants and 3,000 credit reports released Monday. "Errors in credit reports can cost you a loan, a competitive interest rate, a job, security clearance and insurance," said John Ulzheimer, president of consumer education at SmartCredit.com. Related: Great credit score? Think again Not all of these errors will impact your ability to get credit, however. In fact, only 2.2% of reports contained errors so serious that they could lead consumers to receive higher-priced credit than they deserve. But because the three biggest credit bureaus -- Experian, Equifax and TransUnion -- each maintain credit reports for about 200 million consumers, that error rate still m