These false credit scores resulted in some people getting higher interest rates and others being denied.
In a press release
, Equifax claimed the bad information only resulted in a “small number” receiving a different credit decision. “Our data shows that less than 300,000 consumers experienced a score shift of 25 points or more. While the score may have shifted, a score shift does not necessarily mean that a consumer’s credit decision was negatively impacted. We are collaborating with our customers to determine the actual impact to consumers,” the company said.In 2017 Equifax was hacked, resulting in the leak of sensitive data for close to 150 million Americans.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WSJ News Exclusive | Equifax Sent Lenders Inaccurate Credit Scores on Millions of ConsumersEquifax provided inaccurate credit scores on millions of Americans seeking home, car and credit-card loans, people familiar with the matter said, resulting in higher interest rates and denied applications for some consumers
Read more »
Equifax admits it issued wrong credit scoresEquifax is blaming a coding issue for issuing wrong credit scores. Equifax says the scores were off by at least 25 points for around 300,000 consumers.
Read more »
Riot Blockchain Mined 28% Less Bitcoin in July as Heat Wave Cut Power SupplyOne of the largest bitcoin miners, RiotBlockchain, mined 28% fewer bitcoins in July, but gained $9.5 million in power credits. Reports Aoyon_A.
Read more »
$3.2 Million EV Fleet Adoption Financing From Vancity Credit UnionVCIB & 7Gen Partner to Lead the Charge in EV Fleet Adoption
Read more »
One-time rebate checks worth $1,500 to be sent out to 3 million peopleEarly tax filers in Colorado can expect to get a rebate check providing them with some extra money as the United States faces rising inflation.
Read more »
Philly property assessments are systemically inaccurate in Black and low-income neighborhoodsAn Inquirer analysis finds Philadelphia’s property assessments are systemically inaccurate and distribute the tax burden unequally.
Read more »