Liability, The Consumer Corner - Monday, March 4, 2013 10:50 - 0 Comments

FTC Says One in 20 Credit Reports Have Errors

One in 20 American consumers had mistakes on their credit reports that would have increased their interest rates on loans or caused them to pay more for insurance, according to the Federal Trade Commission. Experian, Equifax and TransUnion are the leading consumer credit reporting agencies. The FTC has encouraged folks to check the three reports annually in order to catch mistakes. Some 26% of consumers found a mistake in one of their three credit reports and 21% requested and got their report changed, the FTC said in a 370-page report written at the request of Congress and released on February 11th. Continue…