John Oliver Highlights Problems With America's Credit Report Industry By Creating Fake Companies

[Initech]

John Oliver took a break from bashing GOP front-runner Donald Trump Sunday to look at the credit report industry, and the comedian's report was far from flattering.

Oliver spent nearly 20 minutes of Sunday's episode of his HBO show "Last Week Tonight" examining various problems with the companies that issue credit reports for job applications, loans or housing. He found that rampant errors on the reports often force people to deal with enormous obstacles in their daily lives.

Oliver recounted story after story of people whose credit reports mixed them up with similarly named people, featured other people's debt, included inaccurate criminal records — one poor man's credit report mistakenly labeled him a terrorist — or, worse, declared the person dead! According to Oliver's research, the credit companies claim their reports are accurate 95 percent of the time, a stat the companies proudly tout but which the comedian pointed out is actually quite alarming.

"When you are holding records for more than 200 million individuals, that five percent error rate affects 10 million people," Oliver explained. "They’re basically saying, 'Great news, everyone, we only f----- up a group equivalent to the entire population of Sweden! We’re the greatest!'"

http://www.ibtimes.com/john-oliver-highlights-big-problems-credit-report-industry-last-week-tonight-video-2351693

Here are the links:

http://www.tramsonion.com
http://www.experianne.com
http://www.equifacks.com

Also don't forget to check out the winners of his Yankees 25 cent seat contest: