1. Credit Bureau Errors DAmonta Johnson

2. Main Point Millions of Americans have been victimized by mistakes from Credit Bureaus. Mistakes by credit bureaus can affect not only the chances of getting a loan and its interest rates, but also the chances of obtaining employment.

3. National Credit Reporting Agencies Experian Equifax TransUnion

4. Where Credit Bureaus Collect Information Creditors Lenders Utilities Debt Collection Agencies Courts The credit bureaus then sell this information to other companies to use for credit assessment.

5. The massive amounts of information transmitted from creditors to credit bureaus increases the likelihood of mistakes being made. Often, mistakes occur when attempting to match loans to individual credit reports.

6. Personal Information First name Last name Middle initial Full current address and zip code Full previous address and zip code Social security number

7. Common Mistakes Unclear handwriting on applications Name variations on different accounts i.e. Edward Jeffrey Johnson, Edward Johnson, Ed Johnson, Edward J. Johnson Transposing of last digits of social security number Attaching someone elses data to anothers

8. e-OSCAR Electronic Online Solution for Complete and Accurate Reporting Protest and evidence sent to third-party contractor Contractors summarize complaints with 2-digit code System fixes about 72% of disputes Consumers few options if system fails

9. http://www.experian.com/

10. Questions 1.What are the main three credit bureaus? 2.What is the name of the system used by credit bureaus? 3.What else could credit bureaus do to prevent mistakes?