Your Credit Score Sucks Because of Identity Theft
By Juliette Fairley
NEW YORK ( MainStreet)--About 22% of Americans have never checked their credit report to verify the accuracy of the information while a quarter of those that did check their credit reports found errors, according to a new FindLaw study.
"There is always the potential for your credit report to contain inaccurate or outdated information," said Stephanie Rahlfs, an attorney with FindLaw.com.
A credit report is an overview and history of how much debt a person currently has and repayment track record. It also contains personal information such as recent home addresses, employers bankruptcies and court judgments."A negative credit report can have an enormous influence on a person's ability to obtain a mortgage, credit card, auto loan or other credit, and can also be used in making hiring decisions," Rahlfs said. identity theft, incorrect credit scores and being denied credit. The most commonly reported problems were:
- 1. Incorrect or outdated credit history information, such as delinquent debt, payment history and bankruptcies
- 2. Incorrect or outdated personal information that includes address, job history, marital status and criminal background
- 3. Identity theft or information mixed up with another person
- 4. Incorrect reporting of a credit score as too low
- 5. Denial of credit because of incorrect information in a credit report
Equifax 877-576-5734 www.equifax.com
Experian 888-397-3742 www.experian.com
TransUnion 800-680-7289 www.transunion.com
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