Removing or correcting inaccuracies also is a problem. The creditors simply do not validate the information. They only check and make sure the information is the same as what the credit bureau has and they verify that information. This does nothing to correct the inaccuracy. When contacting the creditor directly, the consumer is subjected to the whims of the particular person they are speaking with. Generally they are unwilling to correct the information, even though it is erroneous. It is then up to the consumer to find validation, or to seek legal recourse. Both of these options are time consuming and the latter, presents a burden on our already over burdened legal system.
Something must change. Creditors need to be held to some standard. And these standards must be enforced. It is simply not fair that a creditor is able to ruin a person's credit with the click of a mouse and the consumer has to muddle through trying to get it corrected, waiting months for this to be rectified. Creditors must be held to a higher standard, where the possibility of damage to the consumer is so high.