Good News:Credit-reporting companies agree to major changes.

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The changes are designed to address widespread concerns about incorrect information compiled by Equifax Inc., Experian Information Solutions Inc. and TransUnion, which produce credit reports for about 200 million Americans.

A 2013 study by the Federal Trade Commission found that about one in 20 consumers had significant errors on their credit reports.

Government officials and consumer watchdogs have complained about the accuracy of the information and the difficulties consumers have in correcting the mistakes.