A 1992 study conducted by Arthur Andersen , commissioned by the Associated Credit Bureaus (now known as the Consumer Data Industry Association) used a different methodology to conclude that the error rate was much lower. This study reviewed the behavior of 15,703 consumers who were denied credit based on a credit grantor’ s scoring system. From this sample, 1,223 consumers () requested their credit report from the issuing credit repository, and 304 consumers ( of the total sample) disputed the information on the report. Of these, 36 disputes ( of those who disputed, or of the.
