Common Credit Report Errors You Should Watch Out For
Many people are familiar with how to go about checking their credit score to make sure it is in a good or excellent shape. Credit reporting agencies do a great job of accurately gathering data from everyone’s transactions, including credit card bills, loans taken out and so much more. Even though these credit agencies are reliable, there is always room for error and there are some common mistakes that can be made which will ultimately affect your score. It is important to know what types of mistakes and errors to watch out for so you can protect your credit score at all costs. Here are some top errors to watch out for:
- Incorrect personal information. First and foremost, make sure that all of your personal information is correct. It is very common for some of your information, such as your name or address, to be misspelled or entered into the system incorrectly. It is especially important that you watch out for your Social Security Number to make sure it is correctly entered.
- Incorrect accounts listed. If someone has a similar name to you, it is common that an incorrect account, such as for a credit card, could be attached to your name by accident. Make sure that there are no incorrect accounts on your report to avoid the potential of fraud.
- Misleading information on closed credit accounts. If you choose to close one of your credit card accounts, make sure that information is reflected accurately on your credit report, that you closed the account and not the creditor specifically.
