Nearly a quarter of Americans have discovered problems with their credit report. Incorrect info can result in a denial of a home loan or more expensive loan terms. The most common problems are incorrect or outdated credit or personal information, information that belonged to another person, or a credit score incorrectly reported as too low. You have the right to dispute incorrect negative items on your credit report, and the credit reporting agencies have procedures for correcting errors. If a negative item is deleted as a result of a review, you can request that the credit agency provide notice of that fact to any lender that received a credit report with the now-removed negative information. So check your credit report annually to verify its accuracy to prevent problems getting your home loan