Lots of people have multiple credit cards, a mortgage, car loans and are up to date with all their payments. It really is possible! Edward Liou, manager at credit and travel site CreditCarrots.com, was also one of those people. However, it all changed one day when, while verifying his credit score, he made the shocking discovery that his credit score was around 600, well below the 750-plus deemed “excellent.”
This made him investigate the real reason behind the mind-boggling drop and discovered that his bank misspelled his name when sending the information to the credit agencies. As a result, his three credit cards were not on file, which meant his on-time payments became null. At the same time, his membership was canceled by a local gym but she still got charged with a fee that never got to be paid.
Liou spent 8 months trying to fix the mistakes and eventually succeeded in increasing his credit score to 736.
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