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You wrote, I can't seem to convince the credit bureaus of errors even though I've supplied all the proper documentation. Does anyone have any suggestions on how to deal with these bureaus to get the information corrected? Also, does anyone know of any organizations that regulate, oversee, etc. these agencies? I really don't want to get to the point where I have to sue them just to get the information correct.

If you're in the right, you should work under the assumption that you're going to court. When you obtain documentation and send it to the CRAs, put a copy in a file folder. Do the same when you get the return receipt when you send them the letter registered.

If the CRAs continue reporting wrong information, you can sue them in small claims court - small claims is usually an inexpensive and informal process. The actually litigation shouldn't take more than half a day. Just present the contents of your folder to the judge and tell them that you've tried to get them to stop, but they've ignored you.

According to the Fair Credit Reporting Act ( ), the court should award you actual damages plus $1,000 per incident. If you've actually been denied credit as a result of their negligence (in other words, you've tried to get it corrected and you were subsequently denied for the same thing), you may be able to claim damages in the amount of excess interest payments or lost property as your actual damages.

If it gets really nasty, you might have to engage a lawyer; but don't worry. If you're in the right, the law would require the CRAs to pay for that expense as well.

- Joel
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