Hello all,


This Spring is ramping up to be super busy. Rates are still low, but on the rise. Loan programs seem to be becoming more flexible.

With all the buyers I send out to get pre-approved, many run into credit issues. Many times, these issues could be prevented just by keeping a check on your credit report on a yearly basis. Many times marks on your credit are someone else with the same name as you, or something that was actually paid, but never marked properly.

Here is an article from REALTOR.COM that I found interesting.


Study: Nearly Quarter of Americans Find Errors in Credit Reports


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The most common problems reported were incorrect or outdated credit or personal information, information that was mixed up with another person due to identity theft, a credit score being incorrectly reported as too low,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)