Common Credit Report Errors
Once you obtain a copy of your report, review it thoroughly and circle any information that appears to be incorrect. A list of common credit report errors is provided below to help identify what may be wrong with your report with links for more information on those specific errors:
- Credit accounts on the report belong to another person
- Bankruptcy, tax lien or judgment on the report belongs to another person
- A family member's personal information or accounts are appearing on your report
- One or more of the accounts on the report lists you as deceased
- Judgments or liens that have been paid but were not updated
- Credit accounts or collection accounts that have been paid but are not updated
- Credit accounts on the report were opened without your permission (identity theft)
- Credit accounts contain erroneous status indicators (e.g., included in bankruptcy, foreclosure started)
- Accounts are reporting more than once
- Accounts or records are too old to still be on your credit report
- Judgment reporting against you in a case you where you prevailed
- Judgment or tax lien reporting that was released, expunged or vacated
- New collection accounts appearing for accounts that were already paid
- New credit or collection account appearing for an account that was included in your bankruptcy
- Collection account reporting that belongs to another person
- Credit inquiries appearing on the report from creditors with whom you never applied for credit
If any of these problems exist on your report, you may need to wage a dispute to resolve the error. You should also consider consulting a lawyer. You may have a right to receive compensation for some of the harms listed above without having to dispute. Further the harms caused by these errors can be serious including:
- Denials of credit including mortgage, home equity loans, auto loans, student loans, and credit cards
- Unable to buy consumer products such as cable tv or cell phone service.
- Rejected rental applications;
- Rejected employment applications;
- Denied insurance.
Do You Need Help?
If you are experiencing any of these problems, Gorski Law may be able to help. Gorski Law may be able to help you resolve the error and obtain compensation for you as a result of the error. Initial consultations are always free. Call the firm at 215-330-2100 or email the firm to schedule a consultation.