Credit bureaus are affiliated with the government, infallible and above reproach.
Credit bureaus are publicly traded companies, in business to impress stockholders – They are not government agencies. They are one of the most heavily regulated industries. The strict regulations stem from a public outcry of abuse and mistakes. A recent survey by an independent research group revealed more than 70% of credit reports contain mistakes or errors. The prevalence of errors led to consumer protection legislation that allows consumers to challenge the bureaus and force the removal of inaccurate, outdated or unverifiable information.
Do You Have A Question About Credit? Call Us!
Harry Bradley at 713 419 – 7151 or HBradley@LcaNow.com
Bill Spragg at 281 804 – 3333 or BSpragg @LcaNow.com