Incorrect Credit Reporting

[111nzek]

Does anyone know if there is a government agency that oversees incorrect credit reporting against a person? My 21 year old son is trying to buy a home, and today he went to a bank to talk about what his options are. He has an excellent job history, but has never had any credit or bills other than for his college courses, phone, utilities, insurance and one credit/debit card. It was quite a shock when the bank produced a credit report that said my son owes over nine thousand dollars in unpaid medical bills! My son has had few medical needs, since his worst incident was a car accident when he was a minor, but that was completely paid by our insurance company. He's had no other major medical need, and on everything else, our insurance or his college insurance covered him. One loan officer also said that even if it is proven in court to be inaccurate or false, it will still always remain there the rest of his life as a blemish on his credit. Does anyone know if there is a government agency that oversees wrong or false reporting against a person? To me, this seems to be libel.

[chane]

I would advise reading the Fair Credit Reporting Act (FCRA) prepared by the FTC. Any complaints should probably be sent to the FTC and/or litigation against the credit reporting agencies. You may also want to report them to the Better Business Bureau.