Get a Credit Check Up!

Studies show that a high percentage of consumer credit reports contain errors so serious that those individuals could be denied credit.

What are the common errors?
1) Misspelled names
2) Wrong Social Security numbers
3) Inaccurate birth dates
4) Inaccurate information about a spouse
5) Out-of-date address
6) “Closed” accounts listed as “open”
7) The same mortgage or loan listed twice
8) Absence of major credit, loan, mortgage, or other accounts that could be used to demonstrate creditworthiness

These errors may end up costing you big money and more.  Lenders use credit reports to determine the interest rates on loans; the more creditworthy you appear on paper, the lower the rate you pay. Many people are surprised to learn that a potential employer turned them down for a job because of negative information on their credit report. Federal law, however, requires that the employer get your permission before pulling your report.

The Fair Credit Reporting Act requires each of the “big three” credit reporting agencies—Experian, Equifax, and TransUnion—to provide you with one free copy of your credit report, at your request, once every 
12 months. Go to annualcreditreport.com to request your reports.