Complaints increased about credit report errors
Published 9:32 am Monday, August 31, 2015
CLEVELAND (AP) — Ohioans have been filing more complaints about inaccuracies in their credit reports that range from annoying to costly.
The Plain Dealer in Cleveland reports the number of complaints filed by state residents with the Consumer Financial Protection Bureau during the past three months increased 14 percent compared with the same period last year.
There was an average of 730 complaints per month from May through July. That’s up from an average of 643 per month during the same period last year.
Most of the complaints concern inaccurate information on people’s credit reports. Those inaccuracies can prevent consumers from getting loans, cause insurance premiums to increase and give employers or landlords a reason to reject applicants.
Officials say the bureau is working to ensure that credit reports are fair.