Creditors and credit bureaus are far from perfect, and as such, creditors often report, and credit bureaus often record, inconsistent and inaccurate information.
Creditors and credit bureaus do not intentionally report and record errors on a persons credit report, but creditors and credit bureaus have to deal with volumes of information on a daily basis.
Processing and entering volumes of sensitive personal information into a data base does not magically happen. In fact, a human being must enter this information manually into a system, and where humans are involved, mistakes are certain to happen.
In our current state of technology, the application for credit is initiated by the consumer on a computer screen, either on a laptop, tablet, or smart phone.
In some instances, an application may be submitted over the phone with the assistance of a customer service representative.
Regardless of how the credit application is initiated, a human, either the consumer or the customer representative, enters vital information during the credit application process.
As we move forward into the future, Artificial Intelligence, and robots, may quickly be taking over the credit application process, and until this automated process is perfected, we can expect many more mistakes to occur on hundreds of thousands of credit applications.
Unfortunately, regardless of how or where the mistake took place, these type of mistakes and errors are most often ignored, until the consumer decides to apply for new credit, update credit information, or request a credit limit increase, and then, the consumer is surprised when they get denied credit because of a bad credit report and a low credit score leaving the consumer frustrated.
Many consumers do not have the ability to fight back because they simply do not know how or where to begin to fight, and to make matters worse, it is often difficult to find a customer service representative who will take the time to simply listen.
Even if the customer service representative actually did listen to your concerns, there is nothing that they can do for you at that moment, as they most likely do not have the required skills, or the necessary information, to offer any substantial answers, or to offer you any type of real guidance.
So, by understanding that data entry mistakes are just one way that errors on your credit report may sometimes occur, may allow some room for patience on your part, which may help when you are communicating with creditors and credit bureaus for the purpose of eliminating errors on your credit report and optimizing your credit score.
Other possible causes for errors appearing on your credit report may be the result of you being a victim of identity theft, outdated information such as an old address or maiden name, or having a mixed-file with another person that has a similar name or similar social security number.
The most important thing to remember here is to have patience and understanding, and if you want positive results from your credit repair efforts, you want to first find out the actual reason you were denied credit, and then isolate, target, and address that particular matter quickly.
