A recent study finds that consumers could be paying more for loans.
A Federal Trade Commission study find that one in five American's or 40 million have errors on their credit score.
And as a result, four million Americans have suffered lower credit scores.
Terry Mills with Consumer Credit Counseling of the Black Hills says it's a simple as human error when reporting credit scores.
"When humans are involved, there's a potential for error from time to time. So that's why you want to make sure that they are reported accurately. Reporting to Credit Report Agencies is not a requirement by the government. It's a voluntary thing done by businesses," says Mills.
The FTC says due to errors in credit scores, American's could be paying more than they should for auto and home loans.