Credit Score Companies Fined for Duping Customers


Olde Hornet

Well-Known Member
http://www.msn.com/en-us/money/comp...duping-customers/ar-BBxRJ1D?OCID=ansmsnnews11

If you’ve paid for a credit score from Equifax or TransUnion at any point in the last few years, you probably got overcharged.

Equifax and TransUnion on Tuesday agreed to shell out $23 million to settle claims that the companies duped consumers into paying big bucks for credit score subscription services that turned out to be less valuable than described. Equifax and TransUnion are two of the three biggest credit reporting agencies in the country, right behind Experian.

According to an investigation by the Consumer Financial Protection Bureau, the two credit reporting companies deceptively marketed credit score programs to consumers starting in 2011 — understating the programs’ cost and overstating the potential usefulness.
 
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