credit reporting errors

There Could Be Something Wrong With 42 Million Credit Reports

The Federal Trade Commission just released a report on the credit reporting industry that could spell trouble for tens of millions of consumers: 25 percent of people had at least one error that could negatively impact their FICO credit score.

Study: 1 in 5 Consumers Had Error in Credit Report

One in five consumers had an error in a credit report issued by a major agency, according to a government study. The FTC 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.