Credit Repair:  Our Services

According to a study conducted by the National Association of State Public Interest Research Groups in June 2004, 79 percent of all credit reports contain some type of error, and 25 percent contain such serious errors that those individuals could be denied credit.  Other significant findings included:

• 54 percent contained inaccurate personal information such as misspelled names, wrong Social Security numbers, inaccurate birth dates, inaccurate information about a spouse and out of date address. For example, one credit report listed a man's business partner as his spouse.

• 30 percent listed "closed" accounts as "open." For example, listing a student loan that was paid off years ago as still outstanding. Another report listed several credit cards, a mortgage and an auto loan all as open.

• 22 percent of reports had the same mortgage or loan listed twice. This mistake often occurs when loans are serviced or sold.

• 8 percent of reports simply didn't list major credit, loan, mortgage or other accounts that could be used to demonstrate the creditworthiness of a consumer.

These errors can create the appearance of a consumer having "too much" credit available, being over-extended, or not having been a responsible payer of his or her obligations.

Therefore, it is imperative that consumers obtain a copy of their credit report from each credit bureau at least once a year. 

After reviewing your credit report, the Credit Specialists at Credit Source can legally remove inaccurate, unverifiable negative items from your credit report, including:

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