I check my credit report regularly, and I hope you do too. I haven’t found a mistake on my credit report in years, but when I first started checking it (back when I was just a teenager), I found a very significant mistake on my credit report that I knew needed to be fixed immediately.
Below are different mistakes that may be on your credit report:
The most common mistake people usually find on their credit report is usually an easy error. This is usually just information that is reported to the credit bureaus incorrectly.
This could be something such as stating you didn’t send it your payment when you actually did, the wrong credit card utilization rate, and so on. These are usually somewhat easy errors to fix and they can help increase your credit score so you should try to do it if you can.
2. Your identity might be mixed up.
This doesn’t happen often, but it could happen. If your name and/or social security number are close with another person’s, then you might accidentally see something on your credit report that is theirs and vice versa.
3. Identity theft.
This is something that no one wants, but it is happening at an increasingly alarming rate. It seems like all I hear about these days are identity theft cases, and these aren’t all just because of a person being careless with their information. There are people out there who are trained identity thieves and are professionals at what they do.
Identity theft is something that has happened to me a lot, surprisingly. I am extremely safe with all of my information (I keep most of it all tucked away safely at home) and I have never lost my credit card or anything else along those lines. Yet, it keeps happening to me. I am just extremely unlucky, and that is why I am always checking my credit report to make sure nothing new pops up.
If nothing else works, then you might also want to try a credit freeze.
Identity theft may occur because of a credit card skimmer at a restaurant, a skimmer over a machine in which you swipe your credit card, unsafe transactions over the internet, an identity thief rummaging through garbage to find sensitive information and so on.
Have you ever caught a mistake on your credit report? What did you do about it?
Image via Flickr by intelfreepress