Product: Credit reporting or other personal consumer reports

I am submitting this formal complaint to address blatant violations of the Fair Credit Reporting Act ( FCRA ) by XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXXXXXX XXXX VA XXXX, and NATIONAL CREDIT SYSTEMS INCXXXX XXXX XXXX XXXXXXXX XXXX XXXX GA XXXX which continues to misreport a debt that has been canceled and documented as taxable income via a Form 1099-C filed with the IRS. Compounding this issue, the credit reporting agencies ( CRAs ) have falsely claimed they verified this inaccurate information with the companies, a statement that is demonstrably false and in direct conflict with federal law. Furthermore, I do not have any agreement or contract with NATIONAL CREDIT SYSTEMS INC. authorizing an alleged debt owed, and NATIONAL CREDIT SYSTEMS INC. has not provided such contract or agreement with a wet ink signature signed by me, the consumer, authorizing the reporting of my personal information or any obligation I owe to them. Under IRS regulations ( 26 U.S.C. 605 ( c ) ( 1 ) ), the filing of a Form 1099-C signifies that the debt has been discharged and is considered taxable income for the debtor. This explicitly means the obligation is no longer collectible and must not be reported as outstanding. Despite the filing of the Form 1099-C, XXXX XXXX XXXX XXXX, and NATIONAL CREDIT SYSTEMS INC. continues to report this canceled debt as an outstanding obligation to credit reporting agencies, XXXX, XXXX, and XXXX. This constitutes a clear and knowing violation of the FCRA ( 15 U.S.C. 1681 et seq. ), which requires the accurate reporting of credit information. The CRAs ( XXXX, XXXX, and XXXX ) have responded to my disputes by claiming that XXXX XXXX XXXX XXXX, and NATIONAL CREDIT SYSTEMS INC. verified the debt as accurate. This is patently false and contradicts the documentation I have provided, including the Form 1099-C, which legally establishes the debt as canceled. IRS Publication 4681 explicitly states that once a Form 1099-C is filed or issued, the debt is considered discharged and should no longer be reported as outstanding. The actions of XXXX XXXX XXXX XXXX, and NATIONAL CREDIT SYSTEMS INC. and the CRAs defy this clear guidance. I disputed the inaccurate reporting with XXXX XXXX XXXX XXXX, and NATIONAL CREDIT SYSTEMS INC. and the CRAs. Despite providing irrefutable evidence, including the Form XXXX that I filed, the CRAs erroneously claimed that the companies verified the information, perpetuating a falsehood that continues to harm my creditworthiness. In re XXXX, XXXXXXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX ) : " The court emphasized that continuing to report canceled debts as collectible obligations violates federal reporting standards, which require that such debts be reported accurately to reflect their true status, and that failure to do so misleads both the debtor and the credit reporting public. '' The actions of XXXX XXXX XXXX XXXX, and NATIONAL CREDIT SYSTEMS INC. and the CRAs constitute a flagrant disregard for federal law, IRS guidelines, and established case law. Their willful misreporting and false verification practices have caused significant harm to my creditworthiness and financial standing. I urge the Consumer Financial Protection Bureau to take immediate and decisive action to hold these entities accountable and enforce compliance with the law.