AUSTIN, Texas, Oct. 24, 2012 /PRNewswire/ -- Federal law guarantees consumers the right to dispute and remove credit report errors. But a CreditCards.com special report, "Credit report errors: No easy fixes," finds that instead of having disputes individually researched, consumers confront an automated system that compresses their side of a dispute to a few lines of code, discards their evidence and rubber-stamps what lenders say. When consumers try to fight back, they're often thwarted by a bewildering dispute system that values efficiency over getting it right.
"Staff reporter Kelly Dilworth has cut through the usual fluff that's written about this topic and has produced a must-read series of articles that help readers navigate a frustrating dispute system that traps too many people into bad credit they didn't earn," says Daniel P. Ray, Editor in Chief of CreditCards.com. "This is the kind of smart, thorough reporting people need to make sense of their credit reports and protect themselves from a system designed to be efficient for lenders and credit bureaus -- but not consumers."
CreditCards.com profiles several consumers who struggled to get errors off their credit reports, including a recent college graduate who spent years living with errors that shut off his access to affordable credit and prevented him from getting a job in his chosen field. "These computer-driven errors aren't just time-consuming annoyances. They're harming consumers' finances; they're affecting people's livelihoods," says Ray.
CreditCards.com also reports experts' tips for consumers dealing with errors the credit bureaus won't fix. "This is a maddeningly convoluted system that requires more than just a determination to get legitimate errors removed. To beat it, consumers must understand how it works," says Ray.
The main story, "Why the credit report dispute process is broken," is at http://www.creditcards.com/credit-card-news/credit_report_dispute-process-broken-1270.php. Its companion piece, "10 surefire steps to get errors off your credit reports," is at http://www.creditcards.com/credit-card-news/10-surefire-steps-to-get-errors-off-credit_reports.php.
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