Errors, Errors Everywhere

Did you know that it is extremely common to have errors throughout your credit report? In fact, recently the Federal Trade Commission has reported that one in four consumers have at least one error within their credit report.

Why should you be worried if there is an error on your credit report? Well, a certain mistake could affect your credit health and could have a big impact on your financial future. This could mean higher interest rates, denial of loans, and a lot more damaging implications.

Fear not! Credit report mistakes and errors can be disputed. The best way to have your credit report errors removed or cleared from your credit reports is by our dedicated team of attorneys. The lawyers at Francis Mailman Soumilas, P.C. understand the process that you need to go through to clean up all errors. Call us today at 877-735-8600.

The Most Common Mistakes that can occur on your Credit Report

With so much information out there on so many people, an error is bound to happen. Some errors could be due to typical human error, non-updated information or even fraudulent occurrences. Here is a list of some of the more common mistakes that you may find on your credit reports.

  • Identity theft: If you find information on your report that is there due to a recent or past identity theft issue, you want to get this removed quickly.
  • Mistaken identity: If you have a fairly common name, your information may be crossed with another consumer. Be sure to read through and confirm that all information is correct.
  • Outdated information: You may find your address or contact information and also older accounts that have not been removed.
  • Incorrect payment status: This could be note that incorrectly states that you are still in a collection process or that a payment is owed when it is not. Accounts could also be labeled wrong, for example a car loan could say “open” when it was closed years ago.

These are just a few of the common errors that you may find when monitoring your credit report annually.
Because of the frequency that you may find errors, it is extremely important that you look at your reports annually. You can access a free report every year at

If you happen to spot a mistake that is impacting your credit health, or if you have been notified of an item that you need fixed as soon as possible, contact our team at Francis Mailman Soumilas, P.C., P.C. today. We will help you fix your credit report errors.