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Did you know that millions of consumers are paying higher interest rates than they should due to errors on their credit report? Credit repair expert Jim Kemish discusses the importance of a regular credit review and repair strategy.
Credit Report Errors
The credit reporting industry is far from perfect. And yet your entire financial life depends on the content of your credit report. Two-hundred million consumers have credit records with the three major credit bureaus. Over one-hundred and fifty million of these consumers have errors on their reports. The potential impact of these errors is tremendous. Virtually all lenders, from mortgage lenders to auto finance companies will determine your interest rate based on your credit scores. Even minor errors may have a major impact on your credit score; this can translate into higher payments on every dollar that you borrow.

A Dramatic Impact
Don’t throw your money away. If there are errors on your credit report you may be paying hundreds of extra dollars every month unnecessarily. Stop it! You have more control over the situation than you think. The legislation governing the credit reporting industry is there to protect you. The Fair Credit Reporting Act (FCRA) and its 2003 amendment, the […]

Full Article At: KnowHow-Now.com Articles

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