There Could Be Something Wrong With 42 Million Credit Reports

SalingerMichaelBusiness Insider
Michael Salinger, School of Management

The Federal Trade Commission just released a report on the credit reporting industry that could spell trouble for tens of millions of consumers…

Expert quote:

“Most people do not realize how many prices are affected by their credit scores.  Even what you pay for car insurance depends on it. The FTC report seems to suggest that the rate of serious error is only about 5%, but that is enough to make it worth checking whether the information the credit reporting agencies have on you is correct.”

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