Only the Supreme Court of the United States can interpret law and impose it on the whole country. So, judges around the country have imposed common sense on the law but have done it in a patchwork quilt-fashion. The net result of all this legal work has been to create a colorful fruit cocktail of legal rights and judicial interpretation. It's anyone's guess as to what kind of credit listing is "accurate" and what kind of credit listing is "inaccurate."

The Fair Credit Reporting Act supplies several reasons for disputing negative credit. If a credit item is "inaccurate," "incomplete," "unverifiable" or "untimely," it must be removed from the credit report if the person challenges it.

Note the words "CHALLENGES IT" this means that just because a mistake is there, does not mean that anyone is going to do anything about it. The only person that can do anything about it is you. No one cares, but you. In fact "Big Corporate America" wants the mistakes there because they make more money from you by charging you a higher interest rates.

Now you want to hear the scary part, over 70% of credit reports have errors in them. 70% that is huge! The credit bureaus make money by storing your information; they lose money by actually having to make sure it is accurate. That is very big concept to get your mind wrap around, but as soon as it "clicks" then you start seeing things from whole new pair of eyes, A Smart Consumer eyes.