New Hope Credit Solutions Reveals 50% of Credit Reports are Wrong and Why They Need To Be Reviewed

In 2020 few things are as important to a person wanting to buy a home, buy an automobile, rent an apartment, or do many other things, than their credit score. While the credit score may be a convenient tool for financial institutions, the truth is credit reports, where a credit score is determined, are often quite inaccurate. In eye-opening news New Hope Credit Solutions recently took a look at this problem revealing that over 50% of credit reports are wrong and smart people should review their reports, so that they can see their credit scores rise.

“It’s pretty incredible that credit reports can be so important but also have so many mistakes,” commented a spokesperson from New Hope Credit Solutions. “The good thing is that once they are identified they can often be resolved pretty easily.”

According to New Hope Credit Solutions, learning how to read a report properly is key. The top things to focus on include: Public Records, which include bankruptcies, tax liens, judgements and other items of “public record” where anyone can see the information; Derogatory Accounts, or accounts that have been referred to a collection agency; and Unsatisfactory Accounts, where payments have been made late but the account has not been sent to collections.

Once mistakes are identified then a process can be followed to have them removed from the two major credit agencies. Not long after this should be reflected in the credit score.

For more information or to set up a consultation be sure to visit https://nhcreditsolutions.net.

Disclaimer: The news site hosting this press release is not associated with New Hope Credit Solutions. It is merely re-publishing a press release announcement submitted by a company, without any stated or implied endorsement of the person, product or service.