Reply #121: IMHO.... [View All]

[sendero]

.... the biggest problem with credit-reporting companies is that their databases are total crap.

Many many years ago I applied for a home mortgage. They came back with a red-flag on my wife. They said she owned the electric company $160 in a city she'd never even been to. Not only that, but she still had her maiden name at the time the debt was incurred.

I had to go the the damn bureau and fuss with them and prove it wasn't her. Once I clearly convinced them that it was an error, I asked them "how is your data useful with so many innacruacies and how did this happen"?

They declined to answer the first question but admitted that anyone on a mortgage office with one of their terminals could MERGE TWO PEOPLE'S RECORDS. So, based on nothing more than a name (they are supposed to use at least one more piece of data like birthdat, SSN, etc) they had merged my wife's record with some unknown in another town. Freaking unbelieveable.