"40 Million Credit Mistakes"
A mistake on your credit report can cost you money. It can increase the interest you pay on loans, prevent you from getting a mortgage, or buying a car, landing a job or getting a security clearance. It is not uncommon.
A new government study by the Federal Trade Commission (FTC) to be released today (Monday, February 11, 2013) indicates as many as 40 million American consumers have a mistake on their credit report, and over $20 million American consumers have significant mistakes on their reports.
According to the respected CBS television news program, "60 Minutes", in it broadcast Sunday evening (February 10th, 2013), the current dispute-resolution systems allegedly in place at the 3 major consumer-credit-rating agencies in the United States are breaking the law.
According to the "60 Minutes" report, Equifax, Inc. (US:EFX), Irish-based Experian PLC (UK:EXPN), and Transunion Corp. are all violating the Fair Credit Reporting Act by failing to adequately address mistakes in consumers' (the public's) credit records.
The CBS report included, inter alia, an interview with Ohio Attorney General Mike DeWine.
The reader is encouraged to read the best-selling book by Attorney Charles Jerome Ware for assistance with consumer credit issues:
Legal Consumer Tips and Secrets: Avoiding Debtors' Prison In The United States
(iUniverse Publishers, 2011)
By Charles Jerome Ware, Former Special Counsel to the Chairman of the United States Federal Trade Commission.
[articles.marketwatch.com/2013-02-10/industries/ "Credit-Reporting Agencies Breaking Law: Report"; www.cbsnews.com/February 10, 2013/ "$40 Million Mistakes: Is Your Credit Report Accurate?"]
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