The credit reporting and scoring system is a mystery to many, but affects our lives immensely. Credit agencies hold the financial histories of millions of people. After reviewing this history, you are given a score from a low of 300 to a high of 850, which determines how much you pay in interest for a mortgage, car loan, or credit card.

Even after all this, only three percent of Americans could name the three main credit card bureaus, according to a study by Consumer Federation of America. A recommendation to many Americans is to become knowledgeable about credit scores.

Many of our credit files contain errors that clients have had to file lawsuits to get corrected. According to a new survey released by U.S. PIRG, one in four credit reports contains errors serious enough to cause consumers to be denied credit, an apartment, car or home loan.

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