Princeton Credit Report Lawyers

5 Common Credit Report Errors

• Outdated information – Credit reporting agencies use various databases of big credit bureaus (e.g. Equifax, Experian, and TransUnion) to gather personal information. Ensure your credit reports are up to date.
• Clerical Errors – Although they are quite common, such errors can be detrimental to your credit score. You must properly label all credit and loan types listed.
• Mistaken or merged accounts –If you have a common name, ensure all your accounts on your credit report belong to you. Check for similar addresses as well.
• Identity Theft – Identity theft is one of the most common crimes of the 21^st century. Hackers can obtain your personal information and open accounts under your name. You must check your credit report every year to make sure you are not a victim of identity theft.
• Background Check Errors and Employment Report Errors – These errors are considered the most damaging, especially if it prevents you from being employed. Common mistakes include mixed up or merged information, clerical issues, and outdated information.