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"One investigation by a consumer organization estimated that up to 79 percent of credit reports may contain some type of error" - U.S. Government Accountability Office (GAO)

So you may have a discrepancy (or a few) on your credit report. You may not need credit now or in the near future, such as a credit card, mortgage loan, or a auto loan. So why would you need to fix problems on a credit report. I will tell you why:

One basic example is convincing enough: If you purchased a home for $200,000 on a 30 year mortgage, a lender will likely pull all three reports from the major bureaus: Experian, Equifax, and TransUnion. If you have bad marks on your report(s) your interest rate will be affected. Take a look at the below figures that are likely to be real-world figures for someone with good credit, and someone that's credit isn't perfect:

Monthly Mortgage Payment #1 (With a Positive Credit Report): $1,330.60 (@ 7% APR)
Monthly Mortgage Payment #2 (With a Negative Credit Report) $1,904.65 (@ 11% APR)

Are a few postage stamps and a little bit of your time worth a better credit record? Is that worth $574 per month (or $206,640 in accumulative extra payments) for 30 years? I can think of allot of better things to spend over $200,000 on.

With or without discrepancies on your credit record, good credit, or less than perfect - by reading this guide and taking appropriate measures, you can provide a better credit record and savings that may just last forever.

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