Studies have shown that up to 79% of credit reports contain at least one inaccuracy, and about 25% of them contain inaccuracies serious enough to cause you to be denied a loan or insurance.  The law requires accuracy, but credit reporting agencies are highly automated - no human attention goes into the creation of your credit report.  It is cheaper for them to publish bad information and occasionally get sued than it is for them to hire the employees necessary to clean up their reports.  So they don't fix the problem.

I recommend that you check your credit report at least once a year.  Especially if you have filed bankruptcy, you need to check your credit report about 3 to 6 months after you receive your discharge.  Make sure that all accounts which were discharged in bankruptcy are not being reported as having a balance due.  Make sure that no debt is being reported twice.  Federal law provides a specific process for successfully challenging a credit report error.  If you do see a problem with your credit report, feel free to call us and we will help you fix it.  It is possible to rebuild your credit after bankruptcy, but only if you don't have false information dragging you down.