Common Credit Report mistakes

Common Credit Report mistakes
Your credit report is not something to be taken lightly
these days. It is almost as important as your social
security card. There will come a time where your credit
report will be required for credit purposes. We see credit
reports on a daily basis, and there typically are issues
with that individual's credit report that was not known.
This is all too common due to a lack of staying on top of
your personal credit report. Here are some common issues we
see that cause loans to get denied.

Credit Report Issues:
- Credit Cards charged beyond credit limit
- Credit Cards charged above 30% of allowed credit limit
- Late payments
- Co-signed for loans
- No Credit
- Credit Score too low
- Your dads credit shows up on your report because you are
a junior
- Medical Collections
- Stolen Identity
- Credit card fraud

The majority of the time most people have no idea that the
previous information discussed affects your credit report.
All it takes is one of these mistakes to have issues
getting credit extended to you.

If you are getting ready to make a purchase you can
definitely save on interest rates and terms by pulling a
copy of your credit report with credit scores. This is a
preventive measure so you don't get blind sided with a
credit problem. There is a 1 n 4 chances your credit report
has incorrect information on it.

Suggestions to avoid common credit report mistakes
- Pull your credit report every 3 months
- Don't be late on obligations
- Don't co-sign for anyone
- Don't charge more on a credit card than you can pay off
that month
- Establish credit if you don't have any with Secured
Credit Cards
- Pay your medical bills
- Shred all document that come in the mail to avoid id theft

It only makes since these days to watch out for the
problems that have been mentioned.You have nothing to loose
by checking your credit report with credit scores
regularly. You would be suprised about how many people have
identity theft going on with them and not even know about
it, until its too late. Identity theft is the fastest
growing crime in America. Most identity theft could have
been prevented with a little better credit management. If
you have not checked your credit in a while, now is a good
time to get that piece of mind. This is part of proper
credit managment.

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About the Author: Mike Clover is the owner of
http://www.creditscorequick.com/ . CreditScoreQuick.com is
the one of the most unique on-line resources for free
credit score report, Internet identity theft software,
secure credit cards, and a BlOG with a wealth of personal
credit information. The information within this website is
written by professionals that know about credit, and what
determines ones credit worthiness.