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One Out of Five Consumers Has Errors on Their Credit Report

bad creditYes, read it again.

And yes, you read that right.

While we have been told for years and years that our credit score is one of the most important financial numbers in our lives, it turns out that a whopping 20% of consumers has errors on their credit report that need to be fixed over time by a professional.

The FTC has launched and discovered the numbers through a study they did (see more here) and found that an astounding number of Americans – millions – have errors on their credit report in one form or another.

These errors, of course, have a drastic and serious effect on getting a business going, getting loans for school from a bank or financial institution, or even making major and necessary purchases like having a car or a home. But while the errors themselves may be a cause for alarm and concern, what after all are you even supposed to do about it as the consumer?

Well, for those who are so inclined, there are ways to get away from credit report problems, and professional companies do manage and correct errors in a hassle-free way to ensure you get the most out of your credit while ensuring nothing bad happens on their watch.

Professional reporting and monitoring

Professional services like ours work to make sure that your credit reports are constantly being watched, from all three major credit reporting bureaus, to ensure that nothing goofy or unsubstantiated turns up on your report. We’ll work with you to correct and rectify every claim and every single report issue, whether true or not, and if it’s something incorrect, we will work tirelessly to ensure that we are your professional advocates keeping your credit clean, and your financial life in check with good balance.

Scrubbing it clean!

It’s not just about monitoring, though. After all, anybody can monitor credit reports and alert you to potential errors; we work hard to ensure that not only are your reports monitored and followed up on over time, but that we get you results that you need. That means scrubbing clean your credit report, finishing out and taking care of flaws, and correcting errors to ensure your credit stays clean and strong, for whatever major purchase you may need to make over the long run.

In all, you can never be too careful when it comes to proper and worthwhile credit monitoring and reporting. And if you are one of the 20% of consumers who has an error on your credit score already, well, the time has come and gone for errors to surface – you need results, and you need them now.

We look forward to working with you when it comes to correcting and improving your credit score, and we are excited and happy to be your worthwhile and trusted advocates in the first line of defense against sketchy credit reporting, no matter what the situation may call for, or how difficult of a problem you may find yourself.

Posted in: Business Credit

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