Credit Report Error Statistics- Myrtle Beach, South Carolina

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Statistics
29% of consumers have variances of more than 50 points in their credit score between the 3 bureaus (CFA/NCRA)

60.8% of files had at least one account that showed different account types across the 3 bureaus (CFA/NCRA)

78.4% of credit reports fail to show at least one revolving account in good standing (CFA/NCRA)

10% of files omitted the date of fulfillment for a bankruptcy (CFA/NCRA)

79% of credit reports contain serious errors (PIRG)

96.1% of credit reports contain inconsistent credit limits (CFA/NCRA)

43% of credit files report a conflicting number of times the same account has been 30 days late (CFA/NCRA)

96% of credit reports show a different delinquency status–between 30 and 90 days delinquent–across the 3 bureaus (CFA/NCRA)

33.3% of files are missing a mortgage account that’s never been late (CFA/NCRA)

66.7% of files are missing an installment account that’s never been late (CFA/NCRA)

25.5% of files contained contradictory information regarding the date of last activity (CFA/NCRA)

70% of credit reports fail to show a credit limit for at least one account (FRB)

22% of files show the same loan reporting twice or more (PIRG)

Individuals are more likely to have large increases in their FICO scores when nonreporting of a credit limit is corrected (FRB)

20.5% of consumers are at risk of being misclassified as subprime (CFA/NCRA)

29% of credit reports contain errors serious enough to cause denial of credit (PIRG)

82.4% of credit reports contain different balances on the same revolving or collection account across the 3 bureaus (CFA/NCRA)

Myrtle Beach Credit Repair – Jason Carr 843.839.8578
Today, more than ever, good credit is a must. Our economy demands that consumers have near perfect credit to buy a home, an auto or obtain any type of credit line. At times these requirements can seem unrealistic or unattainable. The staff at Carolina Credit Repair is here to help you improve your credit rating and achieve your dreams.
Do you need a specialist in credit repair? Call 843.839.8578

Comments

4 Responses to “Credit Report Error Statistics- Myrtle Beach, South Carolina”
  1. Derekp says:

    I think i’ve seen this somewhere before…but it’s not bad at all

  2. derekpm says:

    Rather interesting. Has few times re-read for this purpose to remember. Thanks for interesting article. Waiting for trackback

  3. self help credit repair says:

    Having bad credit sucks but having bad credit in the middle of a recession can be considered a form of torture. In this society most people live off credit, the big corporations make sure of that. And if you’ re not living off credit the big companies are going to make sure you suffer because of it. Back when I was a recent college graduate, I defaulted on a credit card and have been paying for it ever since. I have been working steadily for about 8 years and have money to pay for the simple things that I…

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