Credit missteps can ruin your chances of a...

When it comes time to apply for mortgages, your credit report is very important, but how often are you checking your credit report otherwise? A simple credit error can ruin your chances at a mortgage, so it’s important to understand what really affects your credit, and be on top of your credit rating often. A perfect example of an innocent misstep affecting someone’s credit negatively, was illustrated recently in the Globe and Mail. As per the story, someone’s credit report was damaged due to an overdue phone bill, which after a month of not being paid was sent to collections. Many people may not even…