Don’t leave your credit score monitoring up to the credit bureaus. In a recent study by the Federal Trade Commission, one in five study participants found errors in their credit report. One in ten of those mistakes actually¬†changed the person’s score.

Addressing these mistakes is huge because you could be paying higher interest rates because of them. Here are the errors you should definitely watch out for.

Accounts You Never Opened

When reviewing your credit report, be on the lookout for accounts you never opened. Unfamiliar accounts may be a sign that someone is falsely using your identity. The credit bureau or lender may have you confused with someone else, as well. We’ll let you know how to handle that instance soon.

Negative Information Removals

Some negative information may still appear on your report longer than it should, therefore lowering your credit score. Remember, late payments, collection notices, and foreclosures should all be removed from your credit report after 7 years. If you have filed for bankruptcy, it should disappear from the report after 10 years.

Silly Mistakes

Though misspellings may seem silly, they can affect your credit score and even jeopardize loan applications. So, if you see an unfamiliar account on your credit report due to someone with the same name or similar name, take the appropriate steps to fix the mistake. Your future mortgage loan rate will thank you later.

Unofficial Hard Inquiries

Some hard inquiries are warranted, like checking your credit for housing or a new credit card. Others may be unlawful. Be sure to look for any credit inquiries at car dealerships from times you may have simply test drove a car. This can also happen with other businesses when you were only comparison shopping.

Public Records

The public records section is also an important aspect of your credit report. Here, there may be liens you have paid off more than seven years ago or other paid tax that is listed as unpaid. Some public records may appear on your credit report if your spouse or ex-spouse filed bankruptcy, and you did not.