Equifax Sends Inaccurate Credit Reports of Millions

Equifax Inc., founded in 1899, is a consumer credit reporting agency and is one of the three largest consumer credit reporting agencies in the United States, along with Experian and TransUnion. Equifax uses information provided by its consumers to curate a credit score. Then, when a consumer applies for a loan, be it for something like a home, car, credit card, or personal loan from a bank, the lender will use companies like Equifax to request the consumer's information. With the information provided by Equifax, the loan company will then decide, based on their credit history, whether or not to grant a loan and what the interest rate will be.

Possibly. 

While it was reported that over one million scores were altered, during the Mid-March early April time period, in a statement by Sid Singh, president of Equifax's U.S. Information Solutions, "For those consumers that did experience a score shift, initial analysis indicates that only a small number of them may have received a different credit decision." However, multiple lenders have reported a good percentage of their consumer's scores were drastically affected. In order to see if your score fluctuated during the three-week period, consumers can check the banks or loan companies they initially applied to. Or for more information about how your score was affected, you can reach out to a Morgan & Morgan attorney today.

If you believe the Equifax glitch altered your score, we highly recommend you reach out to an experienced attorney. For over 35 years, our law firm has been helping victims like you get the justice they deserve. At Morgan & Morgan, we believe that you shouldn't have to fight back against a bully alone. Not only are we ready and willing to fight for you, but we have the best resources to take on the biggest bullies in America. With more than 800 trial-ready attorneys and thousands of capable support team members. Our team is large and diverse, but our mission is to deliver the best results for your case. 

If you or someone you know was one of the millions who had their home, auto, or credit card loan applications denied or their interest rates go through the roof due to a false credit score report, we want to help you. At Morgan & Morgan, our attorneys have a track record of helping victims just like you get the justice you deserve when major credit companies like Equifax make mistakes that turn your entire life upside down. Don't wait. For more information on how our attorneys can help you, complete our free, no-obligation case evaluation form today.