That sinking feeling when you check your credit report and see a debt you don’t recognize is a unique kind of stress. It’s a shadow that can follow your financial life, blocking your goals and causing constant anxiety. These inaccurate debt accounts can bring immense stress, but you are not powerless. Fighting them can be done, and we can illuminate the path to get your credit history corrected. That Phantom Debt on Your Report Is Costing You Real Money and Opportunities An incorrect entry on your credit report can drop your credit score significantly. This single piece of bad information can be the reason you are denied a mortgage for your family’s home, a car loan for reliable transportation, or even a new credit card for emergencies. Imagine finding the perfect house only to have the financing rejected because of a student loan that was paid off years ago or a credit card debt that never belonged to you in the first place. The issue is that even if you are approved for a loan, a lower score resulting from a reporting error means you will likely pay a significantly higher interest rate. Over the life of a loan, that […]
