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 From the November / December 2011 issue of The Quarter
Roll
New report
shows credit reports are loaded with inaccurate information!
Ray Martin, a personal financial consultant, speaking on The Early Show quoted
these facts about errors found on credit reports.
54% contained inaccurate personal information such as misspelled names, wrong
Social Security numbers, inaccurate birth dates, inaccurate information about a
spouse and out of date address. For example, one credit report listed a man's
business partner as his spouse.
30% listed "closed" accounts as "open." For example, listing a student loan that
was paid off years ago as still outstanding. Another report listed several
credit cards, a mortgage and an auto loan all as open.
22% of reports had the same mortgage or loan listed twice. This mistake often
occurs when loans are serviced or sold.
8% of reports simply didn't list major credit, loan, mortgage or other accounts
that could be used to demonstrate the creditworthiness of a consumer.
After seeing the rate of these errors you want to make sure you are taking steps
to get your free credit report and reviewing it for errors!
Source
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Some of the best 2011 articles from The Quarter Roll Magazine
1. How To Teach Your Kids To Save Money
2. The 5 Best Things Henry Ford Did For Himself Financially
3. Greatest Garage Sale Ever
4. Building Your Greatest Asset – YOU!
5. Bret Michaels’ 4 Greatest Career Traits
6. The "Problem" With Professional Financial Help
7. 6 Surprising Things Turned Over To Collection Agencies
8. Why A High School Diploma Is So Important For Dakota Fanning
9. 10 Ways Getting Married Will Make Your Richer
10. Cutting The Cost Of College By 49%
11. How Duncan Hines Ate His Way To Wealth
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