Do you have errors on your Credit Report?
According to an article posted by The Sacramento Bee, in a survey of 197 people, 49 of them were kept from getting a home, bank account or job due to mistakes on their credit report. The article also states that by Experian’s own admission, that 50 percent of all credit reports contain errors. Although these errors may not lead to disqualification, they may result in increased interest rates and higher payments.
On average, there is a 2% difference in interest rates between a person with good credit, and one with credit that meets the minimum requirements when applying for a home mortgage. On a $200,000 home, that’s around an additional $370 a month. Whether you believe your credit report is accurate or not, properly monitoring your credit report can save you thousands in the long run.
To learn more on how to monitor your credit, visit my blog entry: Monitoring Your Credit Report
Other Related Posts:
Understanding Your Credit
Your Credit Rights
Repairing Your Credit and Identifying Scams
Should you have any questions or need further information,
please don’t hesitate to contact me, (775) 220-1630
Or visit my blog at www.SellingNorthernNV.com
Joshua Talayka
Chase International
Office: 775 850 5900
Toll Free: 877 922 5900
Cell: 775 220 1630
Fax: 775 850 5901
985 Damonte Ranch Pkwy, Ste. 110
Reno, Nevada (NV) 89521
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This post is so help to me! Thanks for share.
Credit report matters the most while applying for a loan or a job or even a new credit card. Thus, it is important to check credit reports at regular intervals. While checking reports, if one finds incorrect listings or inaccurate information, he should repair credit score by filing a dispute with the credit bureaus.