Sadaf Omidi- The most common types of errors in credit report
A recent report from the Federal Trade Commission (FTC) found that 5 percent of consumers had errors on their credit reports.
What does this mean for you? Be proactive and check your credit report once a year. The Fair Credit Reporting Act requires the three credit reporting companies to provide a free copy of your report each year.
The most common types of errors you should be on the lookout for include:
2-Accounts listed as closed by lender
3-Bad debts older than 7 years
5-Debts from an ex-spouse