TransUnion Credit Reporting Agencies are ripping off consumers Internet

I am having a really hard time with Credit Reporting Agencies (Experian, Equifax & TransUnion) I have been paying a monitoring company for 5 years to notify me when something in my credit changes because I am constantly finding creditors reporting inaccurate or false information on what seems to be a monthly basis!  I dispute the information or charge, follow up with the credit agency only to be told there is NOTHING they can do to stop inaccurate information!  How is it that a company that hold so much of our life in thier hands can not verify information before adding it to our credit reports?!  On my last 2 hour conversation with Experian I am again advised that there is nothing they can do about a company reporting on my credit report with out a SS# and with a bad address (I never lived in the state they are claiming) and a last name that was changed 7 years ago...  Thank goodness the collection agency agreed with my claims and state they will remove the item but it can take 30 days to come off..  Experians answer was "ok, we will dispute this charge and see if they (the collection agency) agree to remove the item"!!!!!!!!!!!!  How is it that we are relying on this agency to report our financial stability when they do not verify information being submitted!  The final straw that broke this camels back is the person I spoke with at Experian told me to sign up for a credit monitoring subscription!  WHO RUNS THESE MONITORING SUBSCRIPTIONS?  They are owned by EXPERIAN, EQUIFAX AND TRANSUNION!  So they are making money off of good people who are fighting erroneous information being placed on thier credit!!!  There needs to be more accounability to the agencies who have our financial lives in thier hands to report verified and ACCURATE information ONLY!  Stop ripping us off.....