In case any of the credit bureaus refuse to delete a derogatory item from your credit report even if you have already given them proof of your claim, you can sue them for defamation and willful injury. They can also be sued if they reinsert an item that has already been removed from your credit report without giving you written notification within 5 business days. This violates Part (A) (5) (B) (ii) of the FCRA. You can also file a lawsuit against the credit bureaus if they fail to respond to your written disputes in 30 to 45 days.
You can collect at least $1,000 in damages from the credit bureau. Should you win your defamation and willful injury case against them, the judge will decide how much to award you based on the damage you have incurred.
Finally, always remember that you can sue the creditor, the collection agency, or the credit bureau if you find that they have “re-aged” your account. In re-aging, the date of last activity in your credit report is updated so that the derogatory information stays longer or won’t fall under the statute of limitations yet. This is a violation of the FCRA Section 605 (c).
Learn how to transform debt into wealth and become a millionaire by the time you retire.
More on Suing Creditors, Collection Agencies and Credit Bureaus