Corporations May Be Stacking Your Credit Report With False Information

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Published on 7 Oct 2019, 23:00
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Credit scores are vital for consumers’ financial health. Because credit scores are used in important life decisions such as purchasing a house or car, it’s important that these scores are accurate. Unfortunately, a study conducted by the Federal Trade Commission (FTC) showed that 26 percent of consumers found at least one error on their credit report. If a bank, lender, credit reporting agency, or other institution wrongly reports a debt or credit account, it can have negative repercussions on a consumer’s credit score. Ring of Fire’s Farron Cousins discusses this with Scott Hardy from Top Class Actions.

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