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Released: February 12, 2013
FTC says 5% of consumers had significant errors on credit reports
Source: Jim Puzzanghera, L.A.Times (Free Registration)
About one in 20 consumers had significant errors on their credit reports that could cause them to pay more for auto loans and other financial products, according to a Federal Trade Commission report released Monday.
The study also found that about 26% of the approximately 200 million people covered by the U.S. credit reporting industry had at least one "potentially material error" on one of their three credit reports.
Read Full Article: FTC says 5% of consumers had significant errors on credit reports
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