One In Five Americans Have Errors In Their Credit Reports, Study Finds

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One in five Americans have an error in their credit reports, which could be a major issue when applying for financing and loans.

Direct Capital Small Business Finance

Direct Capital

Nearly a quarter of all Americans have errors in their credit reports, a new study finds.

Direct Capital, a leading nationwide provider of equipment leasing, business loans, and working capital, urges American small business owners to check their credit reports carefully for those errors. A recent report from the Federal Trade Commission found 21% of all Americans receiving credit reports from Equifax, Experian and TransUnion had errors, some of them major.

While small business owners with compromised credit can still access financing, a poor credit file adversely affects the number of options available to them. Direct Capital urges small business owners to be aware of how an error falsely reporting negative information on a credit report can impact their credit score.
To educate small business owners on this issue, Direct Capital has released a simple guide that defines how lenders view credit reports to make decisions and how business owners can take steps to improve their credit scores. It can be found at Direct Capital's website.

“Despite what you may read and hear, lenders still place a lot of emphasis on credit reports when deciding whether to extend credit to a small business owner,” Stephen Lankler, Direct Capital Senior Vice President. “It’s certainly becoming less critical than it was in the past, but you will always have more options when you start the process with a strong credit profile.”

About Direct Capital
Established in 1993, Direct Capital ( provides financing for small- to mid-ticket equipment and technology purchases, working capital, and business loans. The company is headquartered in Portsmouth, N.H. and operates offices in New York, California, and Georgia. You can follow Direct Capital on Twitter at or subscribe to its PointBlank blog at

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Dave Choate
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