The Motley Fool Discussion Boards

Previous Page

Personal Finances / Credit Cards and Consumer Debt

URL:  http://boards.fool.com/i-actually-thought-about-posting-it-the-other-day-30540123.aspx

Subject:  Re: Another expose on the credit reporting indus Date:  2/13/2013  11:28 AM
Author:  Lea77 Number:  306807 of 308452

I actually thought about posting it the other day because I saw people talking about it online.

I didn't see the 60 minutes report, but the article I read said 25% had errors, but only 5% had errors that change your credit score (I'm assuming many of the errors are slightly incorrect addresses, etc). I actually think for as huge a database as this is, that's not a crazy error rate. Anybody that has worked with databases knows how very hard they are to keep accurate.
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us