Consumer foundation reports credit report errors for millions of Americans
5:57 PM, Dec 5, 2013
6:25 PM, Dec 5, 2013
KANSAS CITY, Mo. - Your credit report may have big mistakes in it.
MoPIRG Foundation, a consumer advocacy group, reports millions of Americans have serious errors on their credit reports. Errors can hurt your chances of getting a loan, affordable rent and even a job.
The foundation studied a consumer complaint database from the Consumer Financial Protection Bureau and reports, out of the big three credit reporting agencies, Experian received the most complaints from Missouri consumers. The most common problem was incorrect information on a credit report.
A MoPIRG spokesman said if you do find an error on your credit report, it's important to get it corrected.
"Now, you can file a complaint with the Consumer Financial Protection Bureau. The CFPB will notify the credit reporting agency and give them a period of time to respond to that complaint," Spokesman Alec Sprague said.