Fairly interesting read. Credit scores and the errors within them have been around for years and years, and always will be, even if "Obama the Savior" and his administration try to fix it. Especially when the process is multiplied by 3. I couldnt imagine how long it would take if you had an error that appeared on all 3 of your sub scores, because you do have to correct them independently. Luckily, I've never had to deal with an error.
On the flip side, what I find AMAZING, is how people do not check credit scores at least once a year. I didnt see a statistic in that story, nor do I know the number, but I would be willing to bet a very large percentage of errors that are found are not seen until you need your score, for a house or a loan, etc. A lot of heartburn and anxiety could be avoided by monitoring your score at least annually, as opposed to waiting until you need a new car or are trying to move into a new house and then entering in the "credit score lottery". I have friends at various lending institutions, and they can tell you all kinds of great horror stories of people who blindly come in for financing and then ask them, "Hey, so whats my credit score?" Now I understand you don't look at your score everyday, that would be kinda silly, but how can you not know what it is before you go and make a major financial decision like that?
I've somewhat considered actually seeing what the costs and advantages (if any) are of subscribing to a credit score monitoring service, but have yet to do it. Anyone have any experience with one of those?