7 Common Credit Report Errors You Should Look For
- Personal Information Mistakes - Wrong name, address, or Social Security number
- Duplicate Accounts - Same debt listed multiple times by different creditors
- Incorrect Account Status - Closed accounts showing as open or vice versa
- Wrong Payment History - Late payments reported incorrectly or payments not credited
- Outdated Negative Information - Items older than 7 years still appearing on reports
- Identity Theft Accounts - Fraudulent accounts opened in your name
- Incorrect Credit Limits - Wrong credit limits affecting your utilization ratio
Studies show that 79% of credit reports contain errors. Identifying and disputing these mistakes can lead to significant credit score improvements, sometimes adding 50-100 points to your score.