Credit bureaus reluctant to correct credit-reporting errors

What you don't know about your credit report can hurt you. But what can really hurt you even more is when you report errors to the credit bureaus and they don't care to update them. Accuracy costs money; the bureaus are only too happy to sell somewhat accurate reports. More than 1 in 4 people have errors on their reports that can lead to higher interest rates, denial of a job and worse. A Florida woman recently sued Equifax because her file was married with someone else's who had bad credit. She repeatedly provided documentation to clear her name. Equifax refused to do anything about it and the company's negligence cost the woman $220,000. When the case went to trial, the jury awarded the woman $2.9 million! Equifax has vowed to appeal.