>First, you do have rights under existing regulation and in a court of law. Sure you can take a credit reporting agency to court, if you can afford a lawyer.

>First, you do have rights under existing regulation and in a court of law. Sure you can take a credit reporting agency to court, if you can afford a lawyer. You can take creditors to court, if you can afford a lawyer. You can file bankruptcy, on some debts, if you can afford a lawyer. But that bankruptcy follows you, it will flat out prevent you from employment in certain industries, it will prevent you 99% of the time from any job that requires a security clearance for the rest of your life, it will severely hinder your ability to have credit in the future. Sure, you can dispute incorrect things on your credit report... if you know how. Then of course, all a creditor has to do is, within a few months, say 'yes that information is correct' and the dispute rules in their favor. Sure, if someone steals your identity and takes out some lines of credit you can attempt to undo that damage but it could take years (if ever) to fix your credit report while employers and would-be-creditors see you as someone that defaulted on debt, even though you had nothing to do with it, and treat you as someone irresponsible and unreliable. All of this while the credit agencies are SELLING this report to anyone that wants it, effectively telling the buyers how allegedly trustworthy and responsible you are.