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News Summary: 1 in 4 consumers had credit error

(AP) - ERRORS IN CREDIT REPORTS: One in four consumers had an error in a credit report issued by a major agency, according to a government study.

MAY PAY MORE: The Federal Trade Commission study also said that 5 percent of the consumers identified errors in their reports that could lead to them paying more for mortgages, auto loans or other financial products.

IT PAYS TO CHECK: The FTC says the findings underline the importance of consumers checking their credit reports. Consumers are entitled to a free copy of their credit report each year from each of the three reporting agencies, Equifax, Experian and TransUnion.


(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
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