http://geniusone.com/blog/just-put-them-on-the-web-alright/ Since two decades author and leadership consultant Frank Kanu helps top managers and executives to improve success ratios and productivity. Tue, 02 Dec 2008 06:23:31 +0000 http://wordpress.org/?v=2.3.1 http://geniusone.com/blog/just-put-them-on-the-web-alright/#comment-3003 Frank Uncovers Excellence in Leadership » VA “looses” another computer Tue, 08 Aug 2006 23:27:25 +0000 http://geniusone.com/blog/just-put-them-on-the-web-alright/#comment-3003 [...] I am speechless. Especially after this: Just put them on the web, alright... [...] ]]> http://geniusone.com/blog/just-put-them-on-the-web-alright/#comment-2966 Coleen Davis Thu, 13 Jul 2006 02:49:39 +0000 http://geniusone.com/blog/just-put-them-on-the-web-alright/#comment-2966 Great points, Frank. The credit reporting agencies show whatever the creditor reports so, if a creditor reports an incorrect SSN, birthdate, last name, etc, that's what the report is going to show. They do not have access to the SSN databases or government records, nor do most people want them to. As a result, they have to rely on what the creditor or debtor tell them. My understanding is the your credit score is not supposed to go down unless you apply for the credit, fail to pay, close an account, or increase your debt. Still, it probably happens. The credit reporting agencies share information, as I understand it. As a result, if you get an error corrected on one report, the other two may still have the error so, it reappears.
The credit reporting agencies show whatever the creditor reports so, if a creditor reports an incorrect SSN, birthdate, last name, etc, that’s what the report is going to show. They do not have access to the SSN databases or government records, nor do most people want them to. As a result, they have to rely on what the creditor or debtor tell them.

My understanding is the your credit score is not supposed to go down unless you apply for the credit, fail to pay, close an account, or increase your debt. Still, it probably happens.

The credit reporting agencies share information, as I understand it. As a result, if you get an error corrected on one report, the other two may still have the error so, it reappears.
]]> http://geniusone.com/blog/just-put-them-on-the-web-alright/#comment-2946 Frank Kanu Thu, 06 Jul 2006 12:37:16 +0000 http://geniusone.com/blog/just-put-them-on-the-web-alright/#comment-2946 Credit reports are another strange thing: I know people who do not have the same last name as their spouse - but their credit report claims they use both last names and combinations of them. I have seen credit reports with incorrect last names, birthdates, SSN. You be the judge! One also has to wonder why your score goes down when a company requests your report - but you didn't ask them to do so. But then again - if you get credit from them it makes them more money when your score is bad, right? I find it rather disturbing how many reports are incorrect, but it is up to the person the report is about to validate and correct incorrect information. Think about it: You get easily wrong information on a report but you have a heck of a time to get it off. And very often this wrong information will "miraculously" appear again...
I know people who do not have the same last name as their spouse - but their credit report claims they use both last names and combinations of them. I have seen credit reports with incorrect last names, birthdates, SSN. You be the judge!

One also has to wonder why your score goes down when a company requests your report - but you didn’t ask them to do so. But then again - if you get credit from them it makes them more money when your score is bad, right?

I find it rather disturbing how many reports are incorrect, but it is up to the person the report is about to validate and correct incorrect information. Think about it: You get easily wrong information on a report but you have a heck of a time to get it off. And very often this wrong information will “miraculously” appear again…
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