Consumers get new path to dispute credit report errors

Big 3 credit agencies to handle credit report errors under settlement

CNNMoney.com
By Ben Rooney 16 hours ago
Here's good news if you're trying to fix an error on your credit report.
Experian, Equifax and TransUnion, the three main agencies that track your credit, have agreed to follow new guidelines to handle disputes on your reports, according to a settlement announced Monday by the New York Attorney General.

Credit reports have immense sway on a person's borrowing ability. The firms track data from lenders, credit card issuers and collections agencies, among others, to produce credit scores for millions of Americans.

The scores determine if a person can rent an apartment, get a mortgage or car loan and also qualify for a credit card.

http://finance.yahoo.com/news/big-3-credit-agencies-handle-140900969.html;_ylt=A0LEVvanx_5UR3MA4IEnnIlQ