Mistakes on the Credit bureau follow up

As a follow up to my last post that was taken from CBC website.. I wonder how many people have actually have a mistake on their bureau that they dont know about. I wonder how many people have been approved for a bad credit car loan calgary or an everyone approved car loans because of the mistake on the bureau. I know I have clients all the time that seem surprised of bad items on their bureau and I always ask them to inquire to Equifax fo Transunion about it. I always suggest to them for the little money it costs per month to sign up to Credit watch or Score power, it can certainly save them more by getting the interest rate they deserve. A low interest rate car loan can save a person thousands of dollars over a 60 month term. Even 1 late payment can be the difference between a low interest rate car loan and a bad credit auto loan in Alberta . I personally think the penalties should be much higher and the government should regulate how companies report to the bureau. It is sad to know that 1 company reporting falsely can affect a persons life so much. I run into clients all the time and see bureaus all the time that have multiple collections under the same account. Collection agencies should have to erase the original collection once its sold to another company. The government should step in a fine these multi million dollar companies. This might force them to watch their practices closer. Has anyone had experience getting a                  bad credit car loan Alberta because of a mistake on their bureau? Has anyone got it corrected in under 90 days?

Just me 2 Cents

-M

Mark

Mark