Published 2 years ago

Equifax Sent Lenders Inaccurate Credit Scores on Millions of Consumers

Summary by Ground News

The Wall Street Journal reported Tuesday that Equifax provided inaccurate credit scores for millions of consumers. Equifax erroneously decreased or increased credit scores by more than 20 points in some instances. The company said that the error was a "coding issue" and has since been fixed. Lenders are seeking more information from Equifax and are considering solutions for affected loan seekers.

0 Articles

All

Left

Center

Right

CTV News

Equifax issued wrong credit scores for millions of U.S. consumers

Credit giant Equifax sent lenders incorrect credit scores for millions of U.S. consumers this spring, in a technology snafu with major real-world impact.

2 years ago·Canada

Read Full Article

Associated Press News

What Equifax’s credit score errors mean for consumers

Credit bureau Equifax announced that a computer coding error resulted in the miscalculation of credit scores for consumers in a three-week period between March 17 and April 6, 2022. For

2 years ago·United States

Read Full Article

USA Today

If your Equifax score dropped, the company's error may be to blame. Here's what consumers should know.

If your Equifax score dropped for no reason, the credit-reporting company's error may be to blame. Here's what customers should know.

2 years ago·United States

Read Full Article

abc News

Florida woman's lawsuit says Equifax error made loan pricier

A Florida woman has sued Equifax claiming she was denied a car loan because of a 130-point mistake she says was part of a larger group of credit score errors the ratings agency made this spring due to a coding problem

2 years ago·United States

Read Full Article

CNN

Equifax issued wrong credit scores for millions

The credit score giant provided incorrect information to banks on millions of people seeking loans -- and, last Friday, boosted the CEO's pay package

2 years ago·Atlanta, United States

Read Full Article

Washington Times

Three-week Equifax coding issue gave customers incorrect credit scores: Report

A three-week-long coding issue for credit reporting agency Equifax between March and April left millions of consumers with incorrect credit scores, The Wall Street Journal reported Tuesday.

2 years ago·United States

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year

Ground News Article Assistant

Not enough coverage to generate an Article Assistant.