YourSmartCredit.com

	How bad is the raw information in the three national bureaus' files? A 2002 study of more than 500,000 randomly-selected credit files by the Consumer Federation of America and NCRA, found that: 78 percent of all files were missing at least one revolving credit account in good standing. One third omitted a mortgage account that had never been paid late.
Two thirds were missing installment accounts that had never been paid late. 43 percent contained conflicting information on whether a credit account had, or had not, been paid on time. Credit scores on the same consumer varied significantly from bureau to bureau -- often by enough to push home purchase applicants into higher cost loans than they deserved. The score variations were directly attributable to the conflicting or erroneous raw data in the files. Overall, concluded the study, one in four consumers -- 22 percent or 40 million Americans -- are "at risk of misclassification into the higher priced lending market" because of bad data and omissions in their credit reports.

Did you know? Many of your credit problems lie in the bureaus inability to report accurately! The actual method of which credit scores are derived is still kept secret by the bureaus. Your credit problems are not all your fault! For years now the bureaus have done little to nothing to educate consumers on how to maintain and increase their credit! Your credit score affects your mortgage, credit card, car loan, and insurance rates! Ask yourself, is the following coincidental? The bureaus profit from providing credit reports. Every time your credit is pulled your scores are dinged. The problem with this is that when a creditor denies you credit you generally look elsewhere, and every time they pull credit, your scores drop. Can you see a pattern? More pulls = Lower Scores = More Pulls, all the time the bureaus are getting paid for every credit report pulled. Therefore,, the chances are good that you cannot get the financing you may desperately need, and if you can, the interest rate is more than likely unaffordable. Why do you think this is? Could the bureaus and the creditors be in cahoots? How much more money do you suppose the creditors make simply off the higher interest in loans provided in which credit pull score dinging is a factor? Here are the facts: Decreasing your credit score is extremely lucrative for the creditors, bureaus, and collection agencies. Dinging from credit report pulling makes them more money, and only hurts you! Inaccurate reporting is just another way to lower your credit score. Under educating the consumer as to how credit works, only benefits them! YOU CAN DEFEND YOURSELF! How do you defend yourself? With anything education comes first, and we are here to educate you on the following: How to read and understand your credit. How to maintain and increase your credit. How to fight back using the laws in place to protect you. How to protect yourself from potentially harmful creditors. How to defend yourself from collectors. How to choose the right creditors to fill your needs. Click here to apply! Click here for more information on the credit bureaus!

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