Don’t be alarmed, you’re not the only one these errors have happened to!
With hundreds of millions of American consumers credit scores being tracked by only three credit bureaus naturally a mistake will be made here or there. Of course, its important to get these mistakes cleared up before any further damage is done. But knowing which of the most common mistakes occur will help you defend against them and give you some peace of mind the next time one pops up on your credit report.
Have an error but don’t know how to fix it? Credit Report Problems is here to help. We can show you how to draft a credit error dispute letter that will help you get your credit back on track.
The Most Common Credit Report Errors:
Some of us are born with long names or names we just find it easier–or more preferable–to shorten or nickname. Many Roberts go by Rob or Bob; some Christophers prefer the moniker Kip. And one of the most frequent credit report errors comes from people mixing up these names in their line of credit. Don’t take out a credit card in Bob Bobertson and put your mortgage in Robert Bobertson’s name. Keep it consistent.
The second-most recurring credit report error comes from simple clerical errors. Either you, the bureau or one of your creditors might have made a small error in the course of sending out your information. Someone may have forgotten to cross a “t” or dot an “i” and as such your information doesn’t match up. Consider that with so many similar names and addresses in America, one wrong number or letter might correspond to another real person. Such as Robert Bobertson of 1234 Main St and Robert Bobertson of 1324 Main St.
Luckily these two are the easiest of fixes to your credit report errors. The next one is a bit trickier–and scarier as well.
Data and identity theft are a real thing these days. Don’t believe us? Just as Target, Michaels, and Neiman Marcus. Don’t believe them? Ask their customers. Unfortunately data theft is more popular than people think and one of the most frequent problems of credit report errors comes from people using your information fraudulently. This is why keep an eye on your credit score and can help catch thieves before the problem spirals out of control.