Study: 1 in 4 Consumers Had Error In Credit Report - 8 News NOW

Study: 1 in 4 Consumers Had Error In Credit Report

Posted: Updated:

WASHINGTON (AP) -- A government study says one in four consumers had an error in a credit report issued by a major agency.

The Federal Trade Commission study also says 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.

The study closely matches the results of a yearlong investigation by The Columbus Dispatch. The Ohio newspaper's report last year said that thousands of consumers were denied loans because of errors on their credit reports.

The FTC says the findings underline the importance of consumers checking their credit reports.

Consumers are entitled to a free copy of their credit report each year from each of the three reporting agencies.

  • Las Vegas NewsLas Vegas NewsMore>>

  • Police investigate double stabbing

    Police investigate double stabbing

    Friday, April 18 2014 9:17 PM EDT2014-04-19 01:17:18 GMT
    Two people suffering stab wounds were rushed to the hospital Friday afternoon, Metro Police said.More>>
    Two people suffering stab wounds were rushed to the hospital Friday afternoon, Metro Police said.More>>
  • Street performers peeved over downtown bathroom ban

    Street performers peeved over downtown bathroom ban

    Friday, April 18 2014 9:48 PM EDT2014-04-19 01:48:54 GMT
    Street performers bring a lot of entertainment to the Fremont Street Experience, but some of their say they are being forced out of the area when it comes to taking a bathroom break.More>>
    Street performers bring a lot of entertainment to the Fremont Street Experience, but some of their say they are being forced out of the area when it comes to taking a bathroom break.More>>
  • Fire damages apartments near Maryland & Hacienda

    Fire damages apartments near Maryland & Hacienda

    Sunday, April 20 2014 9:52 PM EDT2014-04-21 01:52:26 GMT
    Las Vegas-- Investigators are looking into what sparked a fire at an apartment complex near Maryland Parkway and Hacienda.The Clark County Fire Department says the blaze started in a garbage can on the east side of the building. A total of five units were affected by smoke and water damage.The Red Cross is assisting one person from one of the units.Arson investigators are looking into the cause, but say there's nothing suspicious about the fire at this time.More>>
    Las Vegas-- Investigators are looking into what sparked a fire at an apartment complex near Maryland Parkway and Hacienda.The Clark County Fire Department says the blaze started in a garbage can on the east side of the building. A total of five units were affected by smoke and water damage.The Red Cross is assisting one person from one of the units.Arson investigators are looking into the cause, but say there's nothing suspicious about the fire at this time.More>>
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KLAS. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.