Credit Report Errors Effect Employment, Housing and Insurance Rates
There is an epidemic of mistakes on credit reports effecting over 75 percent of consumers. The errors effect more than just getting a loan. Many employers use credit reports in the hiring process. Insurance companies raise rates for people with low credit scores. Gene Fisher helps consumers get the errors fixed.
BISMARCK, ND (PRWEB) September 6, 2004 -- Thousands of unsuspecting consumers discover they have errors on their credit report every day, usually when they get turned down for a loan, receive a higher than normal interest rate, get turned down for a job, or receive a higher insurance premium.
Most people are aware of the need to find credit report errors, but they have no idea how to go about it. Even if they find errors on their own they feel overwhelmed when it comes to getting the errors fixed," explained Gene Fisher, credit repair consultant.
Fishers web site www.2005credit.com provides a free special report on fixing credit reports, which is also available by calling 1-800-809-5769.
With over 75 percent of all credit reports containing some sort of error, the vast majority of consumers have been or will be effected by a problem with inaccurate credit history. Fisher helps people discover the errors and correct them before they face a problem.
It takes time to fix the errors, so I prefer to help people before they run into a problem. Finding the problems and getting them fixed before your apply for a loan, new mortgage, new job, or insurance saves time, a lot of money, and embarrassment," said Fisher.
Fisher is the owner of Fisher Equities and is affiliated with Benchmark Literacy Group Credit Educational services as an Independent Representative. He offers consumers a service that includes a 12-month clean credit checkup through the 3 major credit bureaus, Experion, Equifax and Trans Union.
Studies have shown that over 75 percent of all credit reports contain mistakes of some kind, with at least 25 percent of credit reports containing errors so severe that it would cause a loan or mortgage application to be denied, according to a report by Benchmark.
Errors on credit reports may cause a variance of 50 points or more in credit scores, the number used to determine credit worthiness, which places place at least 8 million Americans at risk of misplacement into the sub-prime lending pool. Examples in erroneous credit reporting, inaccurate listings, missing satisfied loans or Mortgages, duplicate Mortgage entries and pertinent information misconstrued through data entry.
The three major credit reporting bureaus routinely sell credit reports to landlords, employers and insurance companies. Insurance rates are subject to adjustment based on lower credit scores. Your credit score has an effect on your ability to gain proper employment, housing, as well as leasing of various kinds. A 2 percent error on a $100,000 mortgage equates to over $40,000 in over-payments.
The Fair Credit Reporting Act guarantees the right of the consumer to dispute any inaccurate and erroneous or obsolete information that may appear on your credit report. Fisher offers consumers the help they need to correct problems, as well as to earn additional income as an affiliate independent marketing representative.
Contact:
Gene Fisher - IR Eagle Literacy Group
http://www.2005credit.com
1-800-809-5769
David M. Bresnahan
http://ThatPRGuy.com
(603) 522-0148
# # #
|
