Credit Bureaus: Consumers Are Stewing And Suing
It's been building for years. Consumers have been complaining that companies that collect and sell credit data have often been careless, callous, and uncooperative when it comes to cleaning up errors in their electronic files. A bad report can keep a consumer from getting a mortgage, a car loan, or sometimes even a job. And, consumers say, once erroneous information such as a false record of a missed loan payment finds its way into the data banks, it can be a hassle to erase it.
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