Posted on 2015-07-22 09:00:30
If you think credit report mistakes only happen to others, it’s time to take your head out of the sand. Credit report mistakes are common, and some mistakes can affect your credit score. The two best eyes for reviewing your credit report for accuracy are your own. If you’ve never looked at your credit report, change that today! Here are 5 common credit report mistakes to check for. 1. Incorrect Personal Information Mistakes in the spelling of your name won’t necessarily affect your credit score, but it could if the mistake is because your identity has been confused with someone else’s. If you find inaccurate information in your name, address or Social Security number, dispute it with the credit bureaus. You have the right to accurate personal information on your credit report. 2. Erroneous Accounts If your credit report lists accounts that don’t belong to you, they need to come off—even if you think they are helping your credit score. Your credit report should reflect your credit history. You can never be sure when someone else’s account may go delinquent. Accounts that are duplicated may appear harmless, but it can give the appearance of having more open credit or higher debt than you actually have. Clean up erroneous accounts by disputing them.