Page "Credit bureau" Paragraph 22

According to the U. S. General Accounting Office ( GAO ), common causes of errors broadly fall into one of two categories: inclusion of incorrect information and exclusion of correct information.

Reasons for the inaccuracies include consumers providing inaccurate information to the credit bureaus ; incorrect or incomplete data input by furnishers, or failing to provide data to the credit bureau ; and incorrect or incomplete data ( or data applied to the wrong consumer ) by the credit bureau.

According to Avery, Calem, and Canner in Credit Report Accuracy and Access to Credit, " the parties that bear the costs of correcting errors or providing more timely and complete information furnishers and credit bureaus may not receive much benefit from the improvement in accuracy.