Posts Tagged With: consumer

Credit Report Errors Costly to Consumers

There’s an article over at The LA Times that brings bad news for consumers. A recent study shows errors cost consumers money, and there were more errors found during the study than expected.

While the 26% error rate was high, not all of the errors resulted in changes in credit scores that would cost consumers money, the study said. Of the 2,968 credit reports studied — about three for each consumer — about 2.2% had errors that were likely to change their credit score enough to cause them to pay higher rates for loans and other products.

Read more at: http://www.latimes.com/business/money/la-fi-mo-credit-report-error-federal-trade-commission-20130211,0,864079.story

 

 

 

 

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