Nearly a quarter of Americans say
they’ve discovered problems with their credit reports, according to a
new study of 1,000 American adults by FindLaw.com, an online legal
information portal.
The most common problems reported were incorrect or outdated credit
or personal information, information that was mixed up with another
person due to identity theft, a credit score being incorrectly reported
as too low, or a denial of credit because of an incorrect credit
report.
Sixty-eight percent of those who found a problem with their credit
report were able to fix the problem, the study found. However, 18
percent of the people who reported problems with their credit report
said they were never able to get it corrected.
"It's important to check your credit report periodically to ensure
the information it contains about you is accurate and up-to-date," says
Stephanie Rahlfs, an attorney and editor with FindLaw.com. "The credit
reporting agencies all have detailed procedures for correcting errors.
And our survey found that people are generally having success in getting
the agencies to correct those errors.”
The FindLaw.com study finds that 22 percent of Americans have never checked their credit report to verify its accuracy.
Source: “Credit Report Problems Resurface,” Realty Times (June 4, 2013)
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About Me
- Kirk Pugh
- I am a 25-year hospitality professional turned real estate broker and investor. Originally from Louisville, Kentucky, I have been blessed to live in some amazing places during the course of my career. Key Largo, Florida and Sea Island, Georgia, Southern California, Upstate New York, and numerous locales throughout the Midwest are just a few of the places I have called home. I have made Wilmington my home since 2002 and turned a passion and love of real estate into my vocation. I have been an active real estate investor for eleven years. I have purchased, rehabbed and sold dozens of homes over the course of my real estate career. Over the past three and a half years, I have dedicated myself to the practice of general brokerage. I am a REALTOR with Keller Williams Realty and offer traditional sales and marketing for buyers and sellers. I also offer consulting services to other investors. I am a past Board Member of the Coastal Carolina Real Estate Investors association. Whether for retirement, professional relocation, lifestyle changes, or investment, I have the local knowledge and aptness to help you achieve your real estate goals.
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