St Casimirs Mortgage Minute

FTC Study Says 1 in 4 Consumers Had Error in a Credit Report From Major Agency

One in four consumers found an error in a credit report issued by a major agency, according to a study released Monday by the Federal Trade Commission. The study also said that 5 percent of the consumers identified errors in their reports that could lead to them paying more for mortgages, auto loans or other financial products. The study looked at reports for 1,001 consumers issued by the three major agencies — Equifax, Experian and TransUnion. The FTC hired researchers to help consumers identify potential errors.

From "FTC Study Says 1 in 4 Consumers Had Error in a Credit Report From Major Agency"
Associated Press (02/11/13) Wagner, Daniel

--BAI