The error potentially caused some borrowers to be wrongfully denied loans or pay higher rates.
In certain cases the errors were significant enough -- the differential was at least 25 points for around 300,000 consumers.
In certain cases the errors were significant enough -- the differential was at least 25 points for around 300,000 consumers -- that some would-be borrowers may have been wrongfully denied credit, the company said in a statement. The problem occurred because of a "coding issue" when making a change to one of Equifax's servers, according to the company, which said the issue "was in place over a period of a few weeks; resulted in the potential miscalculation" of credit scores.
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