42 Million of consumer credit reports have errors

SPECIAL GUEST CO-HOST - ROBIN 

As many as 42 million Americans have errors on their credit reports, according to a Federal Trade Commission study of around 1,000 participants and 3,000 credit reports released Monday.

"Errors in credit reports can cost you a loan, a competitive interest rate, a job, security clearance and insurance," said John Ulzheimer, president of consumer education at SmartCredit.com.