BY MELISSA IBARRA
NEWJERSEYNEWSROOM.COM
Is your Credit Report accurate? CBS reports that the Federal Trade Commission (FTC) says one out of five Americans has an error on their credit report.
“And one out of 10 has an error on their credit report that might lower their credit score,” says Jon Leibowitz, chairman of the FTC.
We live in an age where our credit reports highly influence our large purchasing decisions. Unexpected errors in these reports can prevent us from buying a house, a car, or even starting up a business.
“I'm trying to think of another industry where a 20 percent error rate would be acceptable. That's a pretty high error rate,” says Steve Kroft, correspondent of CBS’s 60 Minutes.
