The sad news almost every person in the United States has some type of error on their credit report. This is a true fact! Therefore, more than likely there is some type of error on your credit report. Remember, credit bureaus are run by humans and every person can make mistakes that could be nothing more than a typo, but can work against you and give you a bad FICO score. There are many different errors that may be found on your credit report such as a person with your same first and last name but with a different social security number. This can be very detrimental to your overall credit score.
You may not realize this but besides errors there can be things on your credit report that are detrimental that are not errors but blatant bad reports that were placed there intentionally by debtors. Today, all across America, many apartment complexes do a number on individuals moving from their complex. It does not matter if you pay your rent on time each and every month, give a 30-day notice, and clean the apartment. Landlords can and will keep your deposit and add things that you need to pay for such as another months rent since they could not rent out your apartment due to the residences needing painting or other damages being fixed. In almost every case, the manager of the complex will find some reason to keep your deposit and ensure that you still owe more money. They may not let you know this at all, but will report the information to the credit bureau. This can become a major headache if you wish to rent another apartment. You will not learn that this has been done, unless you check your credit report or try to apply to another rental agency.
If there are errors or discrepancies on your credit report you may find it hard to find employment, rent a home or apartment, or even receive a home loan. This is the main reason, that it is so important to receive a copy of your credit every year.
If you do find errors, you will need to contact the credit bureau that is in charge of the false information. You will need to show proof that the information is false. In the letter you send to the credit bureau, be sure to include your full name, address, and the details of the error or discrepancies you have found on your credit report.
The agency will look into the error and supply with you the information you need to correct to the errors. If the error is false, such as a typo, it will be corrected without any effort on your part.
