Experts: Credit Report Mistakes Costing Americans In Mortgages, Car Loans


UPDATED: Monday February 11, 2013 4:47 PM

There could be a mistake in your credit costing you money or keep you from getting a mortgage or a car loan.

A government study found that one in five Americans had an error in a credit report issued by a major agency.

Ohio Attorney General Mike DeWine said on 60 minutes Sunday evening that he has opened his own investigation into the credit reporting industry.

Data shows 5 percent of people found errors in their reports that could lead to them paying more for mortgages, auto loans or being denied credit. It can be almost impossible to get those errors fixed without help.

“If anyone has a problem with their credit where they think the credit reporting information has them confused with someone else or has the wrong information, we could love to hear from them because we will go to bat for them and we will try to help get this thing resolved," DeWine said.

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