Credit Mistakes Make For Miserable Lives

Keep an eye on your Credit Reports. Why? Because Americans are suffering from credit ratings that don't reflect their credit worthiness. Many times, credit reports don't even accurately reflect who they are.

Imagine you apply for a job? Everything goes well in the interview and you're offered the job - contingent upon a credit and background check. You think to yourself , "no worries I pay my bills on time and I don't have any problems with my past due bills".

Then, after reviewing your credit report, you're called and told that you won't be getting the job based on something listed on your credit report. Of course you're outraged. You are responsible [not a dead-beat] but your credit report has a "clerical error". That error indicated that you owe back child support for children that you don't have.

In an interview with National Public Radio yesterday, Harvard Professor Elizabeth Warren estimated that 70% of employers check your credit report, before they offer you a job. So if you have a clerical error on your credit report you could lose your dream job.

The Big Three Credit Bureaus; Equifax, Experian and TransUnion [code name "Big 3 CB's] are not on your side. These companies don't verify the information provided by their customers [big businesses]. The Big 3 CB's put the burden of proof on you to prove that you are not a dead-beat.

Again, the burden of proof is on you. I know, it sucks but it is what it is. What do you do about it? Be aggressive and do the following:

1. Log onto http://www.annualcreditreport.com/ and get your free copy of your credit report. Once every 12 months you are allowed to check your credit report from the Big 3 CB's. Check them and if you find any errors on your credit reports, the Fair Credit Reporting Act provides defense against false information staying on your credit report.

2. Log onto http://www.debtwarriors.com/ and check out our "War On Debt Arsenal". In Operations II and III we provide you with all the information to correct mistakes on your credit reports without hurting your credit score.

The Federal Trade Commission takes the position that although someone else has placed the false information on your credit report, it's your duty to use the laws that protect you to remove those errors.

If you'd like to hear Elizabeth Warrens' credit tips interview on National Public Radio click here

Wishing you Financial Security!

We are Debt Warriors!