Credit reports often have errors whether it is due to incomplete or outdated information or someone stealing your identity. Errors seem to be more prevalent on credit reports for those who have had prior problems with their credit. It is important to review your credit reports to ensure all the information is accurate. A credit error could be causing a low score whether you are aware.
Public Interest Research Group (PIRGs) discovered errors in 79% of all credit reports. Out of these errors found, 60 percent were harmful enough to affect the consumer’s acceptance for a loan or contribute to higher interest rates. The odds are not in your favor. Credit repair will evaluate your report to ensure you are not a victim to these credit mistakes.