• "According to a 1999 study by the Public Interest Research Group, 70 percent of credit reports contain at least one mistake."
  
• "In all, we received and evaluated 63 credit reports--and found inaccuracies in more than half with the potential to derail a loan or deflect an offer for the lowest-interest credit card."

Associated Credit Bureaus, 1998: "The only thing that's ever been done is an Arthur Andersen [accounting agency] report six years ago, which went right to PIRG's concerns. They pulled 111,000 credit denials, and actually based their studies on 15,000. Their figures showed that two-tenths of 1 percent were being unfairly denied because of errors."

Arthur Andersen: Fun with numbers

• Credit Report Reliability Study - Executive Summary
• "Studies by Arthur Andersen and the Insurance Research Council have found credit reports are much more reliable than motor vehicle records. Arthur Andersen found that only 2 percent of the 15,000 credit reports studied contain disputed information.
  
• In the only statistically valid study conducted to date, Arthur Andersen concluded that in only two-tenths of one percent of the over 15,000 cases studied, were consumers denied a benefit based on an error in their credit report.
• Las Vegas Review-Journal/Associated Press: "Spokesman Norm Magnuson cited a 1992 study of 111,000 credit reports done by Arthur Andersen & Co., the consulting firm, which found that only 0.2 percent of people had been denied credit based on inaccurate information." Ask them for the record.
• Cato Institute: "A more rigorous study of 15,703 consumers, conducted by Arthur Anderson & Co., showed that the true error rate is probably as low as 1 percent."
• "A more rigorous study of 15,703 consumers, conducted by Arthur Andersen & Co., showed that the true error rate is probably as low as 1 to 3 percent."
• Still, that is more than two million people who are being denied credit unfairly.
• "We called Arthur Andersen to get clarification. However, it was unable to locate the study in question." Ask them for the study.
• Christian Science Monitor: "By contrast, industry sources cite a 1992 study of 10,000 consumers by consulting firm Arthur Andersen."
• Equifax: "The only scientific study on the accuracy of credit reports was the one sponsored by Associated Credit and conducted by Arthur Andersen."