How To Clear Mistakes From Your Credit Report

MSNBC:

Have you ever been horrified to discover errors on your credit report? Such inaccuracies can and should strike fear into any conscientious consumer's heart because of their punishing consequences.

What consequences, you ask? Well, they can result in higher interest rates whenever you borrow money, and they can even affect your ability to qualify for credit, insurance, employment or rental housing.

To avoid such ominous scenarios, consider these tips for fixing mistakes on your credit report.

1. Reflect on the ways errors can creep in. Sometimes automated processes take over and creditors send inaccurate information about people's bill-paying habits to one of the major credit bureaus. In other cases, people's identities accidentally get mixed up at the credit bureau when a staffer enters a Social Security number incorrectly. And sometimes people with fabulous credit histories become victims of blatant identity theft.

Read the whole story: MSNBC

Comments

[Sundialsvc4]

Check your credit-report, yes, but do it YOURSELF. Don't let an agency do it for you. Also, "opt out" of those credit card offers (lessee, looks like I got seventeen of them yesterday.­..) because when anyone asks to see your credit-score, your credit score goes down!

It's a thoroughly rigged game that needs some legislative attention, to be sure, but information on how it works now is easy to find on the Internet. Bankers well know that most people don't know what their score is, nor how it is computed, and of course from their point of view, the lower your score is, the better. "Forewarned is forearmed.­"