Product: Credit reporting or other personal consumer reports

XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX, Florida, XXXX XX/XX/XXXX Consumer Financial Protection Bureau ( CFPB ) XXXX XXXX XXXX XXXX XXXX XXXX XXXX Subject : Formal Complaint Regarding Inaccurate Late Payment Reporting Dear CFPB Representative, I am writing to formally dispute an inaccurate late payment entry on my credit report, as allowed under the Fair Credit Reporting Act ( 15 U.S. Code 1681i ). This inaccurate reporting has negatively affected my credit profile, and I am requesting an immediate investigation into this matter. Details of the Disputed Late Payment Creditor Name : XXXX XXXX XXXX XXXX Account Number : XXXX Date of Alleged Late Payment : XX/XX/XXXX This late payment entry is inaccurate and does not accurately reflect my payment history. Additionally, I am providing supporting evidence from my records, which demonstrate that this account was paid as agreed. Relevant Account Details ( Equifax ) High Balance : {$8200.00} Date Opened : XX/XX/XXXX Date Reported : XX/XX/XXXX Balance Owed : {$6900.00} Account Status : Open Payment Status : Pays account as agreed Credit Limit : {$8000.00} Discrepancies Noted 1. Incorrect Late Payment Reported : A late payment was reported for XX/XX/XXXX, despite the account status indicating " Pays account as agreed. '' 2. Inconsistent Payment History : The two-year payment history provided shows the account in good standing before and after XX/XX/XXXX, yet a single 30-day late payment was erroneously reported.

Legal Basis for Dispute Fair Credit Reporting Act ( FCRA ) - 15 U.S. Code 1681i I am exercising my right under this section to dispute inaccurate information reported on my credit file. The reported late payment does not align with my payment history, and I request a formal investigation and correction. Truth in Lending Act ( TILA ) - 15 U.S. Code 1637 ( b ) Creditors must provide clear and accurate billing statements. If this late payment reporting does not align with the terms of my agreement, it constitutes an error that should be rectified immediately.

Obligations of Information Furnishers - 15 U.S. Code 1681s-2 Creditors and furnishers must ensure that the information reported to credit bureaus is accurate. If the creditor can not substantiate the late payment with verifiable documentation, they must remove it from my credit file. Requested Action 1. Conduct a thorough investigation into this dispute and provide a written response within 30 days as required by law. 2. If the late payment can not be verified, instruct XXXX XXXX XXXX XXXX to update my account status to " Paid As Agreed, Never Late. '' 3. Notify the credit reporting agency ( Equifax ) to reflect the corrected information on my credit report. Reference to " Paid As Agreed Never Late '' ( PAANL ) The terms of our agreement have always been adhered to, and the account in question should reflect a status of " Paid As Agreed Never Late '' based on the timely payments made. It is imperative that my credit report accurately represents my financial responsibility and commitment to meeting payment obligations.

I hereby request that you provide documented proof supporting the claim of late payments on this account. This proof should include specific details such as dates, amounts, and any relevant communication indicating that the payments were indeed late. In the absence of valid proof, I expect the credit reporting to be rectified promptly.

If, after a thorough investigation, you are unable to provide verifiable proof of late payments, I demand that the account be promptly updated to reflect its accurate status as " Paid As Agreed Never Late. '' Per the FCRA, I request that you conduct a timely investigation and provide a written response within 30 days from the receipt of this dispute letter.

Failure to properly investigate and correct this inaccurate information will result in further actions, including a potential escalation to legal authorities for non-compliance with federal consumer protection laws.

I have enclosed copies of all supporting documents related to this dispute, including a snapshot of the reported late payment. Please acknowledge receipt of this complaint and provide a written update on the investigation 's progress within the legally mandated timeframe.

Thank you for your immediate attention to this matter. Sincerely, XXXX XXXX XXXX XXXX