How Accurate are Credit Reports?

60 MinutesSunday night 60 minutes aired a very shocking story relating to consumer credit reports. The segment, “40 Million Mistakes: Is your credit report accurate?” found that errors were a prevalent problem in consumer credit reports. According to a government study mentioned in the segment, 40 million consumers in the United States have an error […]

K-Mart Settles Class Action Suit for $3 Million Dollars

You can now add K-Mart to the list of big businesses that have fined for violating the Fair Credit Reporting Act. The major retailer reached a settlement that will pay three million dollars in damages to more than 64,500 members of a class-action suit. The lawsuit alleged that K-Mart violated federal law by failing to […]