Credit Score Advocate

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Consumer Credit - Quick  Reference Outline 1

Phase 1 To Be Released In Oct 2023

Full Launch  Jan 2024

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The Only Source Of The Truly Free Credit Report. Authorized By Law. No Credit Card Needed

FREE & Easy On-Demand Credit Reports 

(Will Not Have Actual Credit Scores)

Consumer Financial Protections Bureau

According To The Federal Trade Commission......

FTC Website

..... more than half of all consumers have an error on their credit report that could affect

  their ability to get the best rates for things like credit,  bank loans & insurance.

 Low scores can also keep people from being approved to rent a house or apartment.

Sometimes these errors can even prevent a person from getting a promotion or being hired for a new job.

Some Of The Most Common Errors Are

Identity Errors

Errors made to your identity information (wrong name, phone number, address)

Accounts belonging to another person with the same or a similar name as yours 

or even various versions of your own name that you may not ever use.

This mixing of two consumers’ information in a single file is called a "mixed file".

Incorrect/fraudulent accounts resulting from identity theft

(Mixed-files can often first appear to be ID Theft)

Incorrect Reporting Of Account Status

Closed accounts reported as open

You are reported as the owner of the account, when you are actually just an authorized user

Accounts that are incorrectly reported as late or delinquent

Incorrect date of last payment, date opened, or date of first delinquency

Same debt listed more than once (possibly with different names)

Data Management Errors

Reinsertion of incorrect information after it was corrected

Accounts that appear multiple times with different creditors listed (especially in the case of delinquent accounts or accounts in collections)

Balance Errors

Accounts with an incorrect current balance

Accounts with an incorrect credit limit

Because of the many errors and mistakes suffered by the public,  

The (FCRA) The Fair Credit Reporting Act was enacted in 1970 and later amended in 2003.

The law is designed to protect consumers from inaccurate or misleading financial information being used against them. The law  grants access to the reports & the ability to dispute negative items.  The law also ensures that the public is notified if negative information about them is added to their record.

The FCRA Factual Dispute process allows consumers to dispute information on their credit report that they believe to be inaccurate or incomplete. 

If the consumer disputes an item, it could be removed from their credit report if the proper steps are taken.

A lot of people either assume:

1) All negative report items automatically disappear when paid-off


2) There is nothing they can do when a major mistake appears on their report

There are also many other protections  given to us as consumers when we are 

borrowing money & paying off debts. This is the framework for 

Credit Score Advocate 

(Launching  2024)

Everything Is In Accordance With


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Consumer Credit - Quick Reference Outline 1 1