Why do the Credit Reporting Agencies dislike credit correcting challenges?
– Simply put, it creates more work for them without a margin for profit. And it makes them look bad in front of their subscribers. A person with bad credit has a seventy percent 70% higher rate of inquiries made on their credit report thereby increasing the profit potential for the credit bureaus that charge anywhere from three(3) to five (5) dollars per report. The issue is not always whether the information is accurate or not, but are the credit reporting agencies able and willing to prove it and verify it. If your defense is properly presented, it is usually more troublesome and costly for the credit reporting agencies to legally verify the information on your report than to delete it.
