Nearly half of participants in survey found mistakes on their credit reports

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Credit Reports News

Errors,Consumer Reports,Survey

Consumer Reports teamed with WorkMoney for a survey-based study of credit report accuracy.

FILE - A sign highlighting the financing interest rate is displayed near the price sticker on an unsold 2023 vehicle at a Mercedes-Benz dealer on Nov. 30, 2023, in Loveland, Colo. Nearly half of the people who took part in a check of their credit reports found errors in them, according to Consumer Reports., a financial fairness policy analyst for Consumer Reports, said Friday that they want to “hammer home the importance of making sure what's on your credit report is accurate.

Just over a third of people said there were errors related to personal information, such as an incorrect name or address. “I just kept getting an error message like, ‘A condition exists that prevents ... Experian from fulfilling this request,’” he described.

 

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