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Equifax errors boosted 300,000 users' credit scores by over 25 points each

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Millions of Americans seeking loans were issued inaccurate credit scores by Equifax.

Video Transcript

[MUSIC PLAYING]

DAVE BRIGGS: All right, some troubling news now. Equifax provided lenders inaccurate credit scores for millions of US consumers seeking loans this year. It impacted Americans who were applying for things like auto loans, mortgages, and credit cards during a three-week period from mid-March to early April. Equifax says fewer than 300,000 consumers saw a credit score shift of 25 points or more. The company has since fixed the error and is working with lenders to provide updated scores and determine the actual impact to consumers.