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Chapter 11. CREDIT REPORTS > Garbage In—Garbage Out

Garbage In—Garbage Out

A credit score is only as good as the information used to compute the score. The information used to compute your score is contained in your credit report. Unfortunately, that information can be quite often incorrect due to mistakes, negligence or identity theft. And when harmful incorrect information appears on your credit report, you pay the price. You should regularly monitor your credit report and make the credit-reporting agencies correct any mistakes or identity theft that may appear on your report. Removing inaccurate information from your credit report can be a time consuming matter so it is important not to wait until you are applying for a loan to check out your credit report.


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