OCT 28, 2011
We all make mistakes. Sometimes theyâ€™re embarrassing but harmless, like discovering your shirt is inside out or you’ve forgotten the name of your co-workerâ€™s spouse. Some mistakes can be very harmful, like the ones you might find on your credit report.Â Only you can tell the difference.
Credit bureaus compile your credit report from many sources and the information on the report is only as reliable as the sources it came from. So if a creditor has made a mistake and reported an account delinquent when itâ€™s actually up-to-date, the credit bureau would have no way of knowing if that information is accurate or not.
Common credit report errors include:
Hereâ€™s what to do if you find errors on your credit report:
Keep in mind that having an error removed from your credit report does not guarantee that youâ€™ll improve your credit score. But you will get peace of mind knowing everything on your report is as accurate as possible.