CDIA Says "60 Minutes" Story Misleads On Credit Report Accuracy
Credit reporting agencies have a simple goal: we want to provide the most accurate data possible, and in those few situations when it's not accurate, we resolve 3 out of 4 disputes within 14 days.
While, as in any business, there are examples of disputes that are more difficult or instances where human-error impacts a result, we are proud that every statistically valid study has shown conclusively that the vast majority of credit reports are accurate and that 95 percent of disputes are handled quickly and to consumers' satisfaction.
SOURCE Consumer Data Industry Association
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