Now is probably a really good time to check your credit report.
Consumer Reports and advocacy groups found wrong information on credit reports have nearly doubled during the pandemic.
"This is a particularly bad problem, as you can imagine, in the age of COVID where people have lost jobs, people may be seeking to have credit limits made larger on credit cards or they may be seeking student loans or they want to purchase a home or they simply are trying to rent a different apartment maybe a cheaper apartment and they were coming up against problems in their credit report that they couldn't get resolved," said Lisa Gill with Consumer Reports.
Consumer Reports believes there are more complaints in part because there is a backlog.
Normally under the Fair Credit Reporting Act, agencies have 30 days to respond to a dispute.
The Cares Act gave them more time.
Consumer Reports is holding three different free webinars on Wednesday, Thursday and Friday this week on credit reporting and scores.
