Are credit reports always accurate?
No! There may be incorrect information reported by your creditors, such as a late payments that weren’t late, or payments that they received but did not credit to your account. There may be disputed bills, where a company billed you for something you didn’t receive. There could also be mistakes in the dates or amounts owed. Sometimes, there is information reported that does not belong to you. In addition, the agencies themselves are liable to make mistakes, leaving derogatory information on your report beyond the time that the law says that it should be removed. They may also make clerical errors or fail to remove incorrect items that have been brought to their attention. These mistakes can cost you thousands of dollars!
