Your credit report is not something to be taken lightly these days. It is almost as important as your social security card. There will come a time where your credit report will be required for credit purposes. We see credit reports on a daily basis, and there typically are issues with that individual's credit report that was not known. This is all too common due to a lack of staying on top of your personal credit report. Here are some common issues we see that cause loans to get denied.

Credit Report Issues:

- Credit Cards charged beyond credit limit

- Credit Cards charged above 30% of allowed credit limit

- Late payments

- Co-signed for loans

- No Credit

- Credit Score too low

- Your dads credit shows up on your report because you are a junior

- Medical Collections

- Stolen Identity

- Credit card fraud

The majority of the time most people have no idea that the previous information discussed affects your credit report. All it takes is one of these mistakes to have issues getting credit extended to you.

If you are getting ready to make a purchase you can definitely save on interest rates and terms by pulling a copy of your credit report with credit scores. This is a preventive measure so you don't get blind sided with a credit problem. There is a 1 n 4 chances your credit report has incorrect information on it.

Suggestions to avoid common credit report mistakes

- Pull your credit report every 3 months

- Don't be late on obligations

- Don't co-sign for anyone

- Don't charge more on a credit card than you can pay off that month

- Establish credit if you don't have any with Secured Credit Cards

- Pay your medical bills

- Shred all document that come in the mail to avoid id theft

It only makes since these days to watch out for the problems that have been mentioned.You have nothing to loose by checking your credit report with credit scores regularly. You would be suprised about how many people have identity theft going on with them and not even know about it, until its too late. Identity theft is the fastest growing crime in America. Most identity theft could have been prevented with a little better credit management. If you have not checked your credit in a while, now is a good time to get that piece of mind. This is part of proper credit managment.