Sentences with phrase «significant errors in their credit report»
An extensive study conducted by the National Credit Reporting Agency and the Consumer Federal of America revealed that 29 percent of individuals had significant errors in their credit report that translated into a 50 - point or more error in their credit score.
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About 20 % of Americans have an error in their credit report, and about 5 % have an error serious enough to affect their score in a significant way.
One study found that 79 percent of all credit reports had mistakes; one in four contained errors serious enough to have a significant negative impact on scores.
Roughly one out of every 20 consumers has significant errors in his or her credit report, which can include information from others» accounts, records classifying paid debts as unpaid, or records listing debts paid on time as late.
One in four Americans found at least one potentially significant error on at least one of their credit reports, according to a report released by the Federal Trade Commission (FTC).
An inaccuracy you aren't aware of could cost you thousands of dollars in extra interest or even cause a denial of credit; it is estimated that 50 % of all credit reports contain errors significant enough for an individual to be denied a loan!