Credit report errors easier to fix under 31 state deal

credit card retail
AP Photo/Mark Lennihan, File

COLUMBUS, Ohio (AP) – The three main credit reporting agencies in the U.S. have struck a multi-state settlement agreement that requires them to move more quickly to fix disputed information on credit reports, wait longer before adding items and more carefully scrutinize certain data they’re furnished by collection agencies and others.

Ohio Attorney General Mike DeWine announced the pact between Equifax, Experian and TransUnion and attorneys general in 31 states Wednesday. It requires the agencies to pay $6 million and changes certain business practices over the next three years.

DeWine said he initiated an investigation after a 2012 investigation by The Columbus Dispatch uncovered that consumers had been denied car loans, house loans and even jobs because of mistakes on their credit reports.

He called the reporting system fundamentally flawed. provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others and keep the conversation on topic and civil. If you see an inappropriate comment, please flag it for our moderators to review.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s