Credit Reports may not be an important factor

[Frank S.]

Here is something interesting.  Perhaps, relying on the credit reports may not be a great tool after all. 

time.com/4288093/john-oliver-credit-reports-last-week-tonight/?xid=time_socialflow_facebook

John Oliver makes a few good points:

52% of all debt on credit reports is from medical expenses

one in four credit reports has an error 

one in 20 has a significant error

The companies are aware of this issue, it's a recurrent problem ( circa 90's)

10,000,000 people may be affected by this issue

Once, I found an error with my report. This was an easy solution and it was corrected promptly. I have no issues with the agencies performance, but the point raised by Mr. Oliver is well taken.   I will not look at credit reports with the same eyes after this.