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Meanwhile credit reports is your credit report wrong.
And you FTC study finds one in five Americans has an error on his or her credit report.
Some of these -- very significant here way and Ryan Mack president of optimum capital management right great to see you as always think of have bulletin surprising -- in this report.
Campbell assistant look -- a lot of individuals are not really following through and even getting their annual credit report -- -- -- lot of individuals of the more than 90% of individuals have to get to get their free report.
That they actually have access to well let's put before joining -- annual credit report dot -- yes that's a place to get a free one.
Don't go anywhere where -- pay money for services you don't want annual credit report dot com.
I feel like -- my publicly exactly in the in the beautiful part about financial literacy is that does not necessarily about what you can't control was about what you can control you can not control human error mean these individuals are gonna make errors.
Fair Isaac Corp.
at affectionately as Trans Union experience they're gonna have -- are these are people putting -- theirs if your name is the junior.
In your father -- the same name as you more than likely we see a lot of cases where individuals fathers have -- bad credit on their report.
And that you've you've you've moved relocated we've seen a lot of justices -- they have not necessarily kept up of the most accurate.
I'm filing my client I mean look it I made -- -- mistakes okay.
As they make -- yeah I wouldn't be employed gray white people by this information if it's really just not accurate that the thing about a visit -- a collaboration really has a monopoly on credit.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- So that -- -- the most productive system on the best system will be fair system.
But it's what we have to deal with so -- what we can't control what what we should try to focus on.
I you know every couple years the Federal Trade Commission does this report that's the first time it's not going to be the last time.
And congress always gets involved -- -- some congressman out there is getting his name in the papers can read complaining about this.
These are the people who get advantage and take advantage of these studies ready to people the people get the benefit of these states -- let me tell you.
They haven't changed what they're doing these companies know this same problems continue exist they don't make changes.
To their reporting and this reporting is critical -- consumers can it determines what you're gonna pay for loans it determines what you're okay for a mortgage.
Where you have to pay if you go out and borrow money for any reason -- sometimes what we're -- getting a job so what is -- gonna come down to really brass tacks here.
And instead of -- another surprising report from the Federal Trade Commission read somebody's -- actually make change.
Well this is what the people should do is a two prong approach.
The first -- is we have to write your congressman have -- -- -- -- you have to complain yet expressive voice you have to say listen you need to.
Forces innovators to make it changed the second prong is if the gold and you -- -- report that -- value free -- report.
The have to look over airs on the misses on that report and after -- fed is doing that.
You -- can say.
Did he become the judge in the jury when your own case and say let me figure out -- and make my own case and say talking get these off they -- exactly what information I can't get these removed.
Once -- then send a letter to dispute some certified letter return receipt requested.
Wait thirty days and -- -- -- thirty days if they do remove it when you live in less than thirty days and will remove it if they don't remove it.
Asked them to put them I filed -- say that we would like to get this stated because a lot of lenders.
Day on and your honor yes you know you're doing a great job here you're giving the advice I'm -- -- -- exempt so frustrated risk they do do this report like every two years -- the results are always in the same -- here's the advice get your free credit report.
Document all -- and a dispute later.
And just keep after them right.
We have to -- in civilian elements of individuals have someone come -- to human -- to say outside you 600 dollars to free clean my credit runaway the other direction now get this stuff that francs.
And this yourself you have to -- from national foundational credit counseling crown dot org is tons of free resources out there from the -- Bryant incredibly great to have you on tonight thank you so I -- appreciate your time absolutely.
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