The nation's top three credit bureaus are facing a growing number of lawsuits filed by consumers who claim that the bureaus -- Equifax, TransUnion and Experian -- are engaging in a practice that artificially lowers their credit scores, and that they are ignoring pleas to remove inaccurate information from the reports. Fears about identity theft are making consumers more vigilant about spotting errors, and some plaintiffs lawyers say corrections come only after a lawsuit is filed.
August 16, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
The nation’s three top credit bureaus are being slammed with a growing number of lawsuits filed by consumers who allege that the agencies are severely damaging their credit worthiness.
Scores of lawsuits challenging credit-report errors and low credit scores are pending in several states, including California, Louisiana, Michigan, Mississippi, New Mexico, South Carolina and Virginia.
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