Arbitration often favors companies. You lose a judge and jury, and the arbitrator might be more sympathetic to the business side. If a bureau or creditor refuses to fix errors, preserving your right to sue in a federal court can be your strongest leverage. Arbitration clauses basically remove that option. (So don't sign up for a "Credit Works" account with Experian - don't do it.)

Michael F. Cardoza, Esq.
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U.S. Marine & Consumer Financial Protection Attorney helping victims of ID theft and Credit Reporting errors.