AMERICA runs on credit. If people stopped borrowing money in the United States, the economies of this country, China and several other nations would come to a screeching halt. Small wonder that credit card fraud and identity theft are major industries. In 2005, credit card fraud rose to $55.4 billion, the Better Business Bureau reported.

Yet less than half of Americans have checked their credit reports in the last two years. And one in four credit reports contain serious errors, the Public Interest Research Group found. Correcting errors could lead to higher credit scores, which could mean lower interest rates.

Consumers should be checking their credit reports regularly. To help make it easier, Attorney General Darrell McGraw will travel around the state in a “credit car,” which will help people get their credit reports free and help them correct any errors.

Making sure credit reporting agencies have correct information can save West Virginians money, because a higher rating number can lead to meaningfully lower interest rates. A 3 percent difference in a mortgage rate over 30 years could mean saving $72,000 in interest on a $100,000 loan. Some of the mistakes in credit reports are simple.  A survey found that 22 percent of the reports had a mortgage or loan listed twice, while 30 percent of the reports listed credit accounts that had been closed by the consumer.

Whether you’re looking for credit approval or to improve your credit rating, Credit Report Pro has a solution thats perfect for you.