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Is it essential for all information to be correct?

With regards to your credit files, and various applications etc is it essential ALL information corresponds?

I know it is essential date of Birth etc is correct - but what about time at address?? Obviously with the first few years, then it is essential, but what about after living at the same address for over 20 years? Is it still essential, that when applying for a product that uses your credit file - loan / CC / Bank account etc that you state you have lived there for 20 yrs and 4 mnths or would nearest year be sufficient?
No Longer works for MBNA as of August 2010 - redundancy money will be nice though.

Proud to be a Friend of Niddy.
no idea what my nerdnumber is - i am now officially nerd 229, no idea on my debt free date
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