During the months of March and April 2022, credit reporting giant, Equifax, one of the three largest credit reporting agencies in the country, issued incorrect credit scores for millions of consumers. If you were denied a home or vehicle loan due to your credit score, you may be entitled to receive compensation.
As reported by CNN, the so-called “technology snafu” at Equifax sent out millions of incorrect credit scores to lenders throughout March and April. Some of these reporting errors were so serious that consumers were wrongfully denied house and car loans, among others.
Freddie Mac reports that approximately 12% of all credit scores released between March 17, 2022 and April 6, 2022 are likely to be wrong, which has led to an investigation and class-action lawsuit.
If you were denied a loan in March or April because of incorrectly reported credit scores, you should speak to an attorney about your options as quickly as possible, as you may be entitled to compensation. Contact the law offices of Ira J. Metrick today for a free consultation.
