According to a recent article published by Bloomberg, “One in five U.S. consumers is likely to receive a credit score different from the one given to lenders…”  The data is based on a study conducted by the Consumer Financial Protection Bureau and comes just five days before a consumer agency begins supervision of credit-reporting companies’ records and practices.  According to the study, this discrepancy in the numbers could potentially raise the cost of credit or close off access to credit for millions of Americans.

While the study shows that the information consumers receive is correct “73 to 80 percent of the time,” the CFPB found that one in five consumers would likely receive a “meaningfully different” score than their lender, potentially resulting in harm to those consumers.

Click here for Bloomberg article.