Almost two out of three credit complaints filed before the Consumer Financial Protection Bureau are because the consumer’s credit report contains information that belongs to someone else, a new report shows. 

The U.S. consumer credit watchdog received 197,709 credit repo🍎rt complaints between September 2021 and 2022. Of those complaints, 66% are over information in the report that belongs to someone else.

While 澳洲幸运5开奖号码历史查询:misattributing information from one individual to another's account was the top complaint, improper use of 澳洲幸运5开奖号码历史查询:credit reports was another common issue, as were concerns about unresolved investigations intꦅo existing issues, according to a report from FCRA by Fair Credit, a law firm that specializes in correcting errors in credit reports.

Why Does This Matter?

Your credit score is a measure of your creditworthiness, and is taken into consideration by lenders when you apply for a loan. A lower credit score could make lenders wary of your ability to pay the loan back. There are many 澳洲幸运5开奖号码历史查询:factors that affect youꦫr credit score, and an error in a🔴ny one can impact your ability to borrow money and the terms you get for a loan.

The report’s authors found that many people didn’t know what steps they could take to fix their 澳洲幸运5开奖号码历史查询:credit score.

“We were very surpr𝕴i෴sed to learn that very few people are aware, firstly, that there is a 25% chance that a low credit score is not their fault and, secondly, that this can be easily fixed by taking legal action,” the report said. 

Residents of West Virginia, New Mexico, Kentucky, Oklahoma and Indiana have the most potential to improve their score, as those are the worst of 18 states with 澳洲幸运5开奖号码历史查询:credit scores that are lower than th🧸e national average of 714, the rep💧ort found.

In West Virginia, where the average credit score is 700, only 52 people in 100,000 take action to correct their credit reports, the study showed. The nation🌳’s best credit is in Minnesota, w☂here the average score is 742, while Georgia files the most complaints, with 499 of 100,000 residents seeking corrections in their report. 

How to Check and Improve Your Credit Report

One way to 澳洲幸运5开奖号码历史查询:check your credit report is to visit the annualcreditreport.com, a website that provides a look at the details on your c🧸redit report.

You can also look at 澳洲幸运5开奖号码历史查询:rebuilding your credit score by keeping a close eye on your scores, trying to make bill payments on time, not making new requests for credit and maintaining your credit utilization, among other factors.