The most common issues identified by consumers are problems with incorrect information on their credit reports.

The Consumer Financial Protection Bureau (CFPB) reports that 76 percent of consumers who filed complaints about credit reporting stated that they had incorrect information on their credit reports. The CFPB has handled approximately 185,700 credit reporting complaints since July 21, 2011, making credit reporting the third most-complained-about product. This is important to you because it means that there is a very good change your credit reports have inaccurate information on them. Inaccurate information can lead to increased interest rates, prevent you from getting a mortgage or buying a car, landing a job, or getting a security clearance.