Mistakes Plague Most Credit Reports

Have you checked your credit report recently?

Identity theft, mortgage fraud and credit-card fraud are all preventable with monitoring of your credit report. But these days, a mistake on your credit report can make it more expensive to borrow money.

Nearly three-quarters of all credit reports contain errors, according to a 2004 survey by the U.S. Public Interest Research Group. Those errors could include minor mistakes such as an old employer listed as a current employer, or major errors like an account listed with a high balance already paid off and closed. ...