Millions of credit reports contain errors - KYTX CBS 19 Tyler Longview News Weather Sports

Millions of credit reports contain errors

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(CNN) - Take a good look at your credit report. There could be a mistake in it that could cost you money or keep you from getting a mortgage or a car loan.

As many as 42 million Americans have errors in their credit report. That's according to a report from the Federal Trade Commission. 20 million have significant mistakes. The Consumer Data Industry Association is hitting back, saying 98-percent of credit reports are accurate.

Just to be sure, it's important to look at your credit report from all three major credit bureaus.

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