Companies That Furnish Info For Credit Reports Are Obligated To Investigate Disputes

More than 1-in-4 credit reports contain some sort of error, according to a recent Federal Trade Commission report, but one can’t lay all the blame at the feet of the three major credit bureaus — Experian, TransUnion, Equifax — as the companies that supply this information are not always fulfilling their legal obligation to investigate disputes by consumers. [More]

(Alec Peden)

Jury Awards Woman $18.6 Million In Battle With Equifax Over Credit Report Errors

There’s major consumer victory news from Oregon: a woman who discovered huge errors in her Equifax credit report and couldn’t get them fixed was awarded a total of $18.6 million in damages. She contacted Equifax eight times about the errors between 2009 and 2011, but they remained on her report. [More]

Worst Company In America Round 1: Ticketmaster Vs. Equifax

It’s another glorious day of carnage in the WCIA mosh pit, as a perennial Golden Poo also-ran takes on an unseasoned newbie in a battle to the last breath.

(Alec Peden)

Bill Would Allow Consumers To Get Free Credit Score When Receiving Free Credit Reports

Right now, U.S. consumers can check each of their three credit reports — from TransUnion, Equifax, and Experian — once a year for free through AnnualCreditReport.com, but getting your actual credit score will probably cost you. Legislation introduced today seeks to remedy this issue.


Knowing your accurate FICO score might be sweeter than chocolates.

This Valentine’s Day, Tell Congress You’d Really Love Access To A Free, Reliable Credit Score

While the three major credit bureaus each allow you to access your credit report once a year at no charge through annualcreditreport.com, getting your actual credit score will likely cost you some money. [More]

(Alec Peden)

Study: Errors Found In As Many As 26% Of Consumers’ Credit Reports

You should really check your credit reports at least once a year. If you don’t believe us, you should check out the results of the Federal Trade Commission’s latest study, which shows just how rife with errors the reports from Experian, Equifax, and TransUnion can be. [More]


Mortgage Lenders Have Easy, Ongoing Access To Your Info In Equifax’s Scary-Huge Database

Much of the controversy surrounding The Work Number, Equifax’s employment-verification database that contains sensitive information on salaries for around 1/3 of the U.S. workforce, has dealt with debt collectors’ access to the data. But lenders can get at your reports just by claiming they have your permission. [More]

Not many people know about The Work Number, but its database covers employees at 90% of federal agencies.

Lawmakers Call On Equifax To Prove That Scary-Huge Employment-Info Database Is Legal

Following recent reports on The Work Number, a mammoth employment-verification database operated by credit reporting agency Equifax, a group of seven U.S. Congresspersons have written the company’s CEO asking for more information about the legality of the service. [More]

Not many people know about The Work Number, but its database covers employees at 90% of federal agencies.

Is Equifax Actually Selling Your Salary Info?

Equifax also operates an employment verification database that contains sensitive employment information for more than 1/3 of all employed Americans. Aside from being a huge pinata just waiting for a hacker’s swing, it’s unclear exactly what info is being sold to third parties. [More]


Who Is Responsible When Your Credit Report Flags You As A Possible Terrorist?

We’ve told you before about consumers who ended up being denied for loans and facing public embarrassment because their credit report included a note that the person might be a terrorist or an international drug trafficker. But no one seems to want to take the blame for when this kind of mistake happens. [More]

(CBS Sacramento)

Chase Damages Woman’s Credit Report With $16,159 Error, Doesn’t Really Care

Imagine waking up one day and finding out that you can’t get a credit card because someone at the bank screwed up and told the credit reporting agencies that you owed more than $16,000 to Chase. You’d think that this could be easily resolved — but apparently not without getting the local news involved. [More]


CFPB: Credit-Reporting Firms Often Ignore Consumers’ Evidence In Report Disputes

If you’re included in the one in five consumers who obtain an annual credit report, perhaps you’ve noticed an error in your report and have tried to get that fixed. But the Consumer Financial Protection Bureau says that could be an exercise in futility, as the three major credit-reporting firms might not be paying attention to any information you submit to make your case. [More]

CFPB Gives You Place To File Complaints About Credit Bureaus

CFPB Gives You Place To File Complaints About Credit Bureaus

Credit reporting agencies like TransUnion, Experian, and Equifax, provide reports and credit scores that effectively tell lenders what sort of human being you are. The amount of authority they have in a consumer’s life is astounding, especially when you consider the lack of oversight they’ve enjoyed. At least now the Consumer Financial Protection Bureau is looking over their shoulder, and giving consumers a way to file complaints. [More]

(Alec Peden)

Equifax Caught Improperly Selling Lists Of People With Late Mortgage Payments

When you’re in financial trouble, one of your concerns is that your creditors will report you to the three major credit bureaus — Equifax, Experian, and TransUnion. But maybe you should be concerned that the bureaus are selling your sensitive information. [More]

(Plankton 4:20)

One-In-Five Consumers Seeing Significantly Different Credit Scores Than Creditors

Much is made about how much impact your credit scores has on your ability to get a loan, live a happy life and be a good human being. But a new report from the Consumer Financial Protection Bureau claims that one-in-five consumers are seeing scores that are significantly different from what lenders see. [More]