No, that isn’t a trick question. Theoretically, you’re regularly checking your credit report, looking it over for errors. Then again, maybe you aren’t—and in that case, you’re not alone.
CNN Money reports that a recent Federal Trade Commission study estimates up to 42 million Americans may have errors on their credit reports. While “errors on their credit reports” might strike fear into your heart (ok, fine, it’s our hearts that have been struck), not all of these errors are the critical kind. Some, like an incorrect home address, won’t have long-term financial effects on the consumer.