A mistake on your credit report often comes as an unpleasant, even devastating surprise. You may have discovered an error when you applied for a mortgage or sought financing for a new vehicle, or discovered the error in some other way. The resulting denial or higher interest loan can be frustrating, but you can take action to fix the mistake.
In one recent case, a woman learned when she applied for mortgage preapproval that a veterinarian bill appeared to be in collection. It was an error, and it drove two of her credit reports down by 100 points. So she worked to clear up the mistake as quickly as possible.