In today's world, credit reporting agencies are an integral part of the financial system. They are a source of credit reporting services for financial institutions and offer general background checks that reveal any criminal or fraud charges against an individual.
The variety of services that have your data and contribute to credit reporting agencies would alarm many. The number of mistakes on these databases would shock you even more. The problem is that while these credit reporting agencies try their best to make comprehensive reports, they take information from different sources.
No matter how accurate the report is, if there is one mistake, it could create a huge problem for you. These problems will limit your opportunities, specifically when dealing with career growth, job opportunities, or financial loans.
These errors in the report can affect your professional and personal life. All credit reporting agencies must be compliant with the Fair Credit Reporting Act (FCRA). The FCRA states you must provide written consent before any background check and also receive a copy of your credit report. In the case you find a mistake in the report, the company has a 30-day period to rectify it. Otherwise, you can take legal action against them.
If your credit report still has damaging errors, consult Consumer Attorneys at +1 877-615-1725 for immediate assistance, or you can fill out a free case review on our website. We will inform you of your next move, and you will have no out-of-pocket expenses!
Here's a list of the most common supplementary report companies: