Many people check their credit reports once a year. And many find that there are errors made and errors that should have been corrected are still visible Enterprises TV offers some suggestions about how to get mistakes corrected once and for all.
The Federal Trade Commission found that one in five consumers had mistakes on their credit reports. Seventy percent of them found that the mistakes were never corrected despite requesting it. Most consumers work hard with the reporting credit agency to correct or remove errors. And a small percentage of them give up after two years.
Mistakes can raise interest rates when consumers want to buy a new home or vehicle or apply for a better credit card. The Enterprises TV show suggests not giving up on clearing up any errors. Keep backup files and any communication with credit reporting agencies in order and in a safe place. Double check the reports six months later. Report continuing problems with the business or merchant that reported the item to the FTC. The credit reporting agencies have a responsibility to correct all errors and communicate freely and transparently with every American consumer. Don’t let them off the hook. Stay on top of each credit agency until the issue is resolved once and for all.