Is Your Credit Report Information Accurate?
October 5th, 2010
October 5th, 2010
Are you considering buying a new house? Do you know if the information on your credit report is accurate?
Knowing what's in your report - and correcting/removing any inaccurate information - will benefit you when you apply for your loan. Your credit score weighs heavily with lending institutions when they determine if or how much you will be eligible to borrow. It's not uncommon for one or all of the three - Experian, Equifax and TransUnion - to have items that need to be removed or corrected.
In addition to cleaning up your credit report prior to applying for a loan, you'll also want to continue to monitor your report. This will enable you to immediately catch and fix new, inaccurate information, as well as be aware of any possible fraud.
To learn how to contact the credit bureaus, visit the Credit Basics section of our website.
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