credit bureaus

You May Be Paying Higher Rates Due to Credit Report Errors

Posted on 02/11/2013 by |Money and Work | Comments

Bulletin Today | Money & SavingsYou could be shelling out thousands of dollars more for your mortgage, car loan or anything else you financed because errors on your credit report showed you were a higher credit risk than you actually were. A  study of the credit reporting industry by the Federal Trade Commission found that as many as 40 million consumers had errors on one of their three major credit reports. And 10 million of those consumers had “significant errors that lowered their classification,” says …