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INNOCENT VICTIMS COME OUT OF DEBT

Consumer debt in 2008 now stands at 2.6 trillion. The average household in 2008 carried nearly $8,700 in financial credit card debt.

Your Credit information is reported to the Credit agency and they do it to make money. In 1917, the Us Senate passed the fair Credit Reporting Act (FCRA) to ensure that the credit reporting agencies report credit accurately.

(?)It’s has been reported 70% of all credit reports have errors on them Costing consumer’s hundreds of millions of dollars in higher interest rates.

According to fico.com, the average consumer has a total of 13 credit obligations on record at the credit bureau. Credit cards and Installment loans are likely the reason for this average amount.

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