It's my pleasure to welcome you to the Clark Howard Show, our admissions to serve you

and empower you to make better financial decisions in your life.

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Today, credit reports, gosh, they're used by creditors, employers, insurance companies,

so many different ways that our credit report and or score affects what things cost us,

what options are available to us.

So we got a big problem out there with them being inaccurate.

And later, something I've talked about before, pay and for options.

So when you're buying anything from gas to clothing, it's becoming huge and it's so important

that you not fall into the pay and for trap.

So credit reports have so many inaccuracies in them.

It's kind of unbelievable how many inaccuracies there are with credit reports.

And now the Consumer Financial Protection Bureau reports that complaints about credit

bureau problems have roughly doubled in the last three years.

The credit bureaus just flat out don't care if the information they have on you is accurate.

We are not their customer.

Let me explain to you the background.

So credit bureaus started out long, long ago, far, far away.

Pre the computer era is a way when and before credit cards is a way for a business to decide

if somebody wanted to buy a big ticket item from them.

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