Study finds 1 in 5 consumers have credit agency errors
Photo credit: iStock | The Federal Trade Commission study has found that the three major credit reporting agencies have inserted errors in the files of 1 in 5 consumers, creating problems in acquiring mortgages, auto loans or other financial products.
One in five consumers had an error in a credit report issued by a major agency, according to a government study released Monday.
The Federal Trade Commission 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...
