Consumer Reports: 34% Of People Surveyed Found At Least 1 Error On Credit Report

NEW YORK (CBSNewYork) -- Consumers should be on the lookout for costly mistakes on their credit report.

A Consumer Reports survey of nearly 6,000 people found more than a third, 34%, had at least one error on their credit report.

If they aren't fixed, those errors could have a big impact on your credit score.

"We all know that credit reports are used to determine the interest rate that a person can get on a loan. Credit reports are also referenced in quite a few employment decisions. They can keep people from getting a job," Syed Ejaz, with Consumer Reports, said.

Twenty-nine percent of those surveyed found errors with their personal information, such as a wrong name or address.

Complaints to the Consumer Financial Protection Bureau about credit report errors have more than doubled since 2019.

Read more
f

We and our partners use cookies to understand how you use our site, improve your experience and serve you personalized content and advertising. Read about how we use cookies in our cookie policy and how you can control them by clicking Manage Settings. By continuing to use this site, you accept these cookies.