Incorrect, Outdated Information Most Common Issue on Credit Reports

BY: ESTHER CHO

While 22 percent of Americans admitted they have never checked their credit report, nearly a quarter also said they have encountered issues with their credit report, with incorrect or outdated negative marks leading as the main type of problem, according to a recent FindLaw.com survey.

Overall, 23 percent of Americans said they have had a problem with their credit report, and 10 percent of problems were related to incorrect or outdated information about their credit history, such as delinquency payments, payment history, collection actions, court judgments, and bankruptcies.

At 9 percent, incorrect or outdated personal information, such as one’s address, marital status, and work history, was the second most commonly reported problem.

 

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