"While 22 percent of Americans admitted they have never checked their credit report, nearly a quarter also said they have encountered issues with their credit report, with incorrect or outdated negative marks leading as the main type of problem, according to a recent FindLaw.com survey.
Overall, 23 percent of Americans said they have had a problem with their credit report, and 10 percent of problems were related to incorrect or outdated information about their credit history, such as delinquency payments, payment history, collection actions, court judgments, and bankruptcies.
At 9 percent, incorrect or outdated personal information, such as one’s address, marital status, and work history, was the second most commonly reported problem.
Other issues Americans reported included identity theft or credit information getting mixed up with someone else’s (5 percent), as well as credit scores that were incorrectly reported as being too low (3 percent).
Another 4 percent said they have been denied credit because of incorrect information on their credit report."
(from DS News, Esther Cho)
It's worth the effort to correct any problems that appear on your credit report. There are online sites where you can go to check your report. If you are looking to purchase a house, it's well worth your while to get that done first. And, of course, a lender is the first stop in the journey to home ownership. If you are interested in purchasing a Huntington Beach home or a Fountain Valley home, I would be happy to recommend a lender.
