Equifax admits it issued wrong credit scores
Equifax is blaming a coding issue for issuing wrong credit scores. Equifax says the scores were off by at least 25 points for around 300,000 consumers.
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Equifax is blaming a coding issue for issuing wrong credit scores. Equifax says the scores were off by at least 25 points for around 300,000 consumers.
Suit seeks class-action status over faulty scores sent for consumers applying for mortgages, car loans and credit cards.
Equifax sent incorrect credit scores to to banks and nonbank lenders that may have been off by as much as 20 points in either direction.
Credit rating company Equifax provided incorrect credit scores by up to 25 points for millions of Americans looking for auto loans, mortgages and credit cards between March and April.
FICO score relief coming as medical collection debt will no longer be included on consumer credit reports starting in July.