Skip to navigation

Consumers Suffer from False Credit Reports

Michael Rapp June 26, 2014

A recent article in the New York Times details the accounts of many consumers who claim that their credit reports from Experian contained misinformation. While false credit reports may not seem like the biggest deal to some, many consumers suffered harsh, and in some cases, life-altering consequences as a result of the reports.

For example, those who attempted to apply for a mortgage, lease a car, or receive military security clearance were all denied because of errors in their credit reports. Under the Fair Credit Reporting Act, consumers are promised that credit companies will do their best to provide reports that are of maximum accuracy.

Consumers are also encouraged to check the accuracy of their credit reports and inquire about any errors they come across.

Some, such as Patricia Armour of Mississippi are taking legal action against Experian. As the NYT article details, Ms. Armour repeatedly attempted to correct errors on her credit report, which affected an application for a mortgage.

According to the article, another consumer received as much as $18 million in a settlement with Equifax, one of Experian’s credit reporting companies.

Consumers in the Kansas City, KS area who believe they have received false credit reports should contact Consumer Legal Clinic for representation. Every consumer is entitled to fair credit reporting, and no one should have to suffer as a result of a credit reporting company’s negligence.