“I have never seen a credit report that was 100 percent accurate,” says Rick Swartz, of Kern County Credit Consultants, in Bakersfield, California .Some are minor mistakes, while others are major ones. They can range from inconsequential errors, such as the wrong spelling of your name, to serious ones such as listings for credit cards that you don`t have, late payments that you actually paid on time, and other people`s debts and collection notices. When it comes to bankruptcies, Swartz noted that of the reports he has seen, 80 percent of the bankruptcy listings have at least one mistake, if not more.
The Herald-Times Indiana Mortgage Center