One in four consumers discovered errors on their credit

One in four consumers discovered errors on their credit reports that could have an impact on their credit scores

As a credit repair professional, this is where you step in and become the hero! The Federal Trade Commission (FTC) and members of Congress are aware that errors in credit reports are a problem. Even the government is concerned about errors in credit reports and the effects they can have on customers.

5 percent of consumers had errors on one of their three major credit reports, according to a study conducted by the Federal Trade Commission (FTC) on the U.S. credit reporting industry. They might have to pay more for important things like auto loans and insurance because of these mistakes.

The investigation additionally discovered that: • One in four consumers discovered errors on their credit reports that could have an impact on their credit scores • One in five consumers had an error that was corrected by a credit reporting agency after it was disputed, on at least one of their three credit reports • Four out of five consumers who filed disputes experienced some modification to their credit report • A little more than one in ten consumers saw a change in their credit score after the credit reporting agency modified errors on their credit report • About one in 20 consumers had a maximum score change of more than 25

These mistakes can be very hard to fix, and the problems caused by them can get even worse. In addition to not being able to get the loan they need for a new car, your client may also be receiving harassing phone calls from creditors.

Additionally, they may have their wages garnished. Everything for something that isn’t their fault! Or perhaps your customer did not take their credit very seriously when they were younger, and as a result, they now require assistance in cleaning up their credit report. They are eager to make amends, but they just require some assistance determining the most effective method for repairing their credit.

Surfing on social media can distract a person from their daily activities. Instagram, Twitter, Facebook, Snapchat etc. Getting rid of apps can be liberating, as it frees you from problems in the online world.

Fear of missing something prevents people from doing this, but everyone should remember that they can download it again after the job is done. Uninstalling these apps can make people really see and notice their urge to constantly check notifications, but they’ll still know that life is so much more meaningful without them.