Credit Bureaus Changing Business Practices in Mississippi After Deception ...

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Credit Bureaus Changing Business Practices in Mississippi After Deception ...

Nov, 12th 2016

Mississippi Attorney General Jim Hood recently announced that the nation’s three major credit card reporting agencies agreed to change their businesses practices in Mississippi after allegations of deceptive marketing activities and making mistakes on credit scores.

Two of the agencies will also offer free credit report access for the next three years to consumers in the state.

The agencies – Experian, TransUnion and Equifax – will pay a total of $7.175 million in penalties. According to Hood’s office, these three businesses put their own interests ahead of those of their consumers by not properly verifying debts when creating their credit score reports.

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