What are the Common Credit Report Errors I Should Look For?

What are the common credit report errors I should look for?

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What are the Common Credit Report Errors I Should Look For?

After obtaining all 3 credit reports from Experian, Equifax and TransUnion from annualcreditreport.com you will examine them closely with a special scrutiny for the following areas of common mistakes:

Start by Checking for…

  • Incorrect name, addresses, social security number
  • Help avoid possible confusion by using any suffix that may apply, i.e. Jr., Sr., Mrs, the IId or IIId.
  • Unauthorized inquiries
  • Illegal re-aging (incorrect date of first delinquency)
  • Judgments or liens that don’t belong to you.
  • Reported credit limits that are lower than the true limit.
  • Incorrect balances owed
  • Late payments paid on time.
  • Duplicate collection accounts.
  • Paid accounts showing a balance.
  • Credit lines not listed
  • Overlook errors if you find credit lines reported twice or higher limits than you really have.  THESE HELP!

You’re Off to a Good Start

This is the low hanging fruit.  You can likely help your score right here before you get into the more sophisticated ways to help yourself as outlined in my book and on this blog.  You have your answer now to What are the Common Credit Report Errors I Should Look For?

Check the debt collector’s corporate status with your local Secretary of State to make sure the corporation has been paying its dues.  If it let its legal status slip into default it has no legal standing to validate or report debts.  Check with your State Department of Business Regulation to see if they are current with their registration as a debt collector.  They will give you a written response to use to accompany your objection and demand to expunge the debt from your credit report.

Also Bear in Mind

The process of improving your credit score is just complex enough to be intriguing.  Once you start to see improvement you will want to keep taking the steps necessary to see it grow.  These steps can come during the time the mistakes are cleaned up.  The process of cleaning up the mistakes will help you increase your understanding of positive steps to take from here on.

Paying on Time

Paying your bills on time is the most critical aspect of credit repair.  Negotiating your old bills with collectors or creditors in exchange for expungement is your key to further success.  Don’t open new lines of credit unless you really need them.  Once you have dealt with the question of What are the Common Credit Report Errors I Should Look For? you can proceed with the more sophisticated techniques.  More recent negative items have more negative impact than older items. Use your time and money on these recent items first to get more effective results faster.

Pulling your own credit reports never hurts your score no matter how often you do it.
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After practicing law for 37 years Edward F. St. Onge, Sr. now devotes all his time to helping consumers achieve a high credit score with amazing speed. Learn the counter-intuitive secrets to credit scoring through his down to earth instructions backed by extensive knowledge of the laws and trends. All of the latest tricks and techniques that they don't want you to know now at your disposal. At last a level playing field for the consumer!

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