Shopping for the right Lender & Loan
Step 2: Assess the data in your 3 credit reports
The next step is to carefully scrutinize each report for accuracy. You may be surprised to see what is actually present in these reports with respect to the scope of data there as well as the age of some of that information.
It is very common for these reports to have inaccuracies and flagrant errors. These errors can really do great damage to your credit worthiness. The good news though is that, these errors can be corrected relatively easily in most cases.
- Are there accounts listed which you know are not yours? Possible identity theft?
- Accounts which were once active/open but still reported as active or seriously wrong balances?
- Is your Identity listed incorrectly with aliases you have never used?
- Other incorrect info?
Use Suze Orman's tools to fix your own credit report. For more serious problems a credit repair specialist might be needed to manipulate around the complex rules of scoring your credit file if your scores are much below 675 or so.