(Interesting wee Read, about others out their)

They are private, and the information they hold can wreck your life. So why is there still no simple process for wiping incorrect information from the files held by credit reference agencies?

Mr & Mrs X want to move house. They live in a one-bedroom flat with baby X, and have a second child on the way. However, thanks to a £12,000 blight on Mr X Experian credit file, they can't consider getting a key worker mortgage, even though X is a newly qualified teacher.

"The debt on the credit file clearly isn't X's," Mrs X, 34, from south London, explained. "The person who has run up this debt has the same name as X, but the address is different, as is the middle name, and the date of birth is 30 years out. It's clearly not him, so why can't it be removed?"

The X's are not alone. James Daley, from Which?, said the consumer group was seeing increasing numbers of people falling foul of what the industry calls "mistraces", when debt is attributed to the wrong person. "There is no easy way to get it reversed," he said. "It's a very frustrating system for consumers, and you can easily run into a....Read more HERE (Telegraph)