No, that’s not a fictitious headline designed to infuriate you into reading this piece. It’s actually part of the findings of a recently published study on the accuracy of credit reports by an organization called the Policy and Economic Research Council, or “PERC.” In fact, according to their research .93% of credit reports had an error that, when corrected, resulted in an increase of greater than 25 credit score points, which is what they considered as a “material error.”
The PERC study, which I encourage you to download from their website here, is one of those studies that gives pause because, frankly, the results are almost completely unbelievable. I mean, who honestly believes that 0.93% of credit reports contain material errors? Can that really be true?
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