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Monitoring your credit report as more instances of wrong information surfaces

Higher credit limits help improve credit acores
Posted at 6:13 AM, Feb 23, 2021
and last updated 2021-02-23 08:13:18-05

TUCSON, Ariz. — There's good reason to check your credit report right now.

Consumer reports and advocacy groups found complaints about wrong information on credit reports have nearly doubled during the pandemic.

"This is a particularly bad problem, as you can imagine, in the age of covert where people have lost jobs," says Lisa Gill with Consumer Reports. "People may be seeking to have credit limits made larger on credit cards or they may be seeking student loans or they want to purchase a home or they simply are trying to rent a different apartment. Maybe a cheaper apartment and they were coming up against problems in their credit report that they couldn't get resolved."

Experts think there are more complaints because there is a backlog and lenders are reporting negatively right now when they aren't suppose to.

Consumer reports is holding three different, free webinars Wednesday, Thursday and Friday on credit reporting and scores.

Click here to register for the webinars.