How do errors occur and how frequently?
Depending on the source of your statistics, estimates of credit bureaus’ errors run as high as 90%. The Attorney General of New York State has estimated that credit bureau errors are in at least one-third of all reports, the United States Congress has estimated that errors exist in at least one half of all reports, a Consumers Union study found errors in 40% of credit files and the Charles Givens Organization conducted a study in which 90% of the credit reports reviewed contained errors.
