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Spike in credit complaints shows importance of monitoring your credit report during the pandemic

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Monitoring your credit report and credit card statements very closely is key during this tough time, as credit complaints have really spiked during the pandemic.

The number one complaint is credit reporting and credit repair services, according to a new study just released by a consumer advocacy organization called U.S. Pirg.

Complaints to the Consumer Financial Protection Bureau have spiked 50-percent from March to June.

The big ones have been credit reporting mistakes or problems with debt collection, credit card company issues, or mortgage issues.

If you feel a financial agency is mistreating you or has done something wrong you can file a complaint with the CFPB online.

Source: on 2020-07-21 05:33:45

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