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Credit agencies score low

COLUMBUS, Ohio – Federal authorities say the credit reporting industry is a mess and Ohio’s top law enforcement official wants to clean it up.

The Federal Trade Commission found one out of five Americans has an error on their credit report and one out of 10 has one that affects their credit score, commissioner chair Jon Leibowitz told CBS’ “60 Minutes” Sunday night.

The errors can affect whether you’re approved for a mortgage, car loan, insurance, even hired for a job, and the FTC study also found it can be near impossible to correct those mistakes, which Ohio Attorney General Mike DeWine is working to remedy.

“The problem is not that they make mistakes. It’s they won’t fix the mistakes,” DeWine said.

DeWine says the industry is violating the Fair Credit Reporting Act and his office is investigating the three credit-reporting companies.

Any Ohioan who is having trouble getting the credit reporting agencies to remove inaccurate information from their credit report is encourage to contact DeWine’s office at 1-800-282-0515.

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Today in entertainment history: Nov. 24

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FILE- This is a 1967 handout image from Parlophone of The British group, The Beatles,. From left, are: Ringo Starr, John Lennon, Paul McCartney; and George Harrison. The woman who as a child was the basis for the Beatles song "Lucy in the Sky with Diamonds" is gravely ill. It was thought by many at the time that the psychedelic song from Sgt. Pepper's Lonely Heart Club Band was a paean to LSD because of the initials in the title, but it was actually based on a drawing that John Lennon's young son Julian brought home from school. He told his father the drawing was of Lucy in the sky with diamonds. Lucy Vodden, now living in Surrey just outside of London _ drifted apart after schoolyard days, but they have gotten back in touch as Lennon has tried to help Vodden cope with Lupus, a life-threatening disease.

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