Simply having an error on your credit report doesn’t necessarily mean it’s causing you to have bad credit. For example, if a misspelled version of your name appears in the personal information section of your credit report, that error probably isn’t causing your credit score to dip.

Other errors, like those listed in the previous section, could be to blame — and there are a number of possible reasons why those errors are there.

Here are a few examples:
  • Your identity has been stolen, and a thief is abusing your credit.
  • A collection account from years ago is still being reported, even though it’s past the statute of limitations in your state.
  • A bill your ex was supposed to pay (per your divorce) has gone unpaid for a while, and now you’re suffering the consequences.
  • You defaulted on one loan, and now it’s showing up as multiple defaults on your credit report because it’s been sold to debt collectors.
  • Your credit information has been mixed with that of someone else who has a similar name.