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Your Credit Score is Probably Wrong

Numerous studies have shown that a majority of credit reports contain inaccurate information that may negatively affect credit scores. In fact, 4 out of 5 Americans have errors on their credit reports. In addition, millions of Americans also have misleading information on their credit reports that can give people the wrong impression of who they are.

Since your credit score is calculated using the information in your credit reports, your credit score is only as accurate as your credit reports. Inaccurate credit reports lead to inaccurate credit scores which lead to an inaccurate story being told to creditors.

No matter how responsible of a consumer you are right now, errors and other misleading information on your credit reports may be causing your credit score to tell a different story. Even though you can be counted on to pay all of your bills on time, your credit score may be telling creditors that you are still an irresponsible college student or a struggling divorcee.

Credit errors exist and you may be paying the price for them. The problem is that the people responsible for maintaining your credit report don't care.

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