Comment Re:15 counts of wire fraud explained. (Score 1) 390
Sure, my main point was that you need to take time to dispute this with credit agencies, which will be much easier to do as soon as you learn about the fraudulent charges than later on. Taking the GP's attitude of "it's the banks problem not mine, they can deal with it" will just make your problems worse.
That said, I've known a handfull people who have disputed fraudulent reports in their credit history. All of them were successfull in getting the fraudulent reports either removed or marked as such. However, the ones that had good credit scores before this happened ended up with scores that were lower than before, even after "successfully" disputing the fraudulent reports. One of them ended up with a score so low, he couldn't get a car loan from anywhere; not those "we finance everyone" dealerships, not the credit union he previously had gotten a loan through and never missed a payment, no one. He ended up having to get his parents to co-sign a loan, and is still rebuilding his credit.
These people didn't look into suing the credit agencies, however I imagine it's harder to win a libel/defamation dispute over an opaque rating number than incorrect factual statements, which the credit agencies did correct.