Posted: 4/12/2017

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Innacurate information on your credit reports can hurt your chances of getting a loan. Here are 12 common credit report mistakes and how to spot them.

Part of your financial wellness includes ensuring your credit report is accurate. You should check your credit report at least once a year to make sure the information reported on you is correct. Inaccurate information can hurt your credit and may keep you from getting financing or the best loan terms. Be on the lookout for these 12 common credit report mistakes.

common credit report errors

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About Business Consumer Alliance

Business Consumer Alliance (BCA) is a non-profit company that started in 1928. The broad purpose of BCA is to promote business self-regulation. BCA's mission is achieved by assisting consumers in resolving complaints with businesses and using that complaint information, along with other relevant information such as customer reviews, to forecast business reliability. With community support, BCA can identify trustworthy and ethical businesses and warn the public to avoid unscrupulous businesses whose purpose is to defraud the marketplace. BCA also helps businesses promote themselves by providing services and tools to protect their business and reach out to their customers. BCA obtains its funding from member businesses who support the mission and purpose of the organization and who agree to abide by high standards of ethical business practices.

Tags: credit reports, infographics

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The Consumer Ally program is free for consumers to join. At BCA, we feel it's very important to educate the public on trends like scams, new laws and providing helpful tips to empower the public in making wise purchasing decisions. This program is an elite community of consumers who share our vision for a safe marketplace. We can't be everywhere at once so we depend on feedback from the public to help our efforts.

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