The leading credit reporting company has been providing inaccurate credit ratings to lenders for millions of people.
Inaccurate credit scores were send to lenders by one of the three major credit agencies the United States, Equifax. The leading credit reporting company for millions of individuals applying for credit cards, mortgages, and auto loans during three weeks this year, as reported by the Wall Street Journal. According to reports, this “technology coding error,” as Equifax calls it, led to loan denials or approvals with higher-than-reasonable interest rates. Equifax’s