Product: Credit reporting or other personal consumer reports

Subject : Complaint Regarding Inaccurate Furnishing of Information to Consumer Reporting Agencies Complaint Description : This complaint is filed against XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX for unlawfully furnishing inaccurate information to consumer reporting agencies ( XXXX, Equifax, and XXXX ) . These entities have reported inaccurate charge-offs, collections, and late payments in violation of the Fair Credit Reporting Act ( FCRA ), the Uniform Commercial Code ( UCC ) XXXX and other federal statutes. Their actions have caused significant harm to my creditworthiness and financial reputation. 
Additionally, furnishers and consumer reporting agencies ( CRAs ) have failed to adhere to federal statutes15 U.S.C. 1666b and 15 U.S.C. 1637bwhich outline specific procedures that must be followed before reporting late payments to consumer reporting agencies. The failure to meet these legal conditions renders the reporting of late payments a violation of federal law. 
Legal Basis for Complaint : 1. Late Payments XXXXXXXX XXXX XXXX and Others 15 U.S.C. 1666b : This statute requires creditors to follow specific procedural safeguards before reporting a late payment, including : Providing the consumer with timely notice of the delinquency. 
Clearly disclosing the nature, amount, and basis of the late payment. 
Allowing the consumer an opportunity to dispute the claim or resolve the issue before reporting to consumer reporting agencies. 15 U.S.C. 1637b : This statute imposes additional obligations on creditors to provide accurate and complete disclosures regarding delinquent payments and to ensure that consumers are fully informed of the basis for such adverse reporting. 
XXXX XXXXXXXX XXXX and others have failed to comply with these statutes, making their reporting of late payments unlawful. 
2. Charge-Offs as Income According to the Internal Revenue Service ( IRS ) , charge-offs are considered " income '' for tax purposes once a creditor writes off the debt as uncollectible and issues a Form 1099-C. Reporting charge-offs to consumer reporting agencies violates FCRAs accuracy requirements ( 15 U.S.C. 1681s-2 ( a ) ( 1 ) ( A ) ) because it misrepresents the nature of the debt, which no longer exists as an enforceable obligation. 
Entities such as XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX have reported charge-offs inaccurately, violating federal tax guidelines and consumer protection statutes. 
3. Validation of Collection Account XXXX XXXX XXXX Under the Fair Debt Collection Practices Act ( FDCPA ), 15 U.S.C. 1692g, debt collectors must validate alleged debts before reporting them. XXXX XXXX XXXX has failed to validate the {$670.00} collection account, violating federal law and rendering its reporting of this account unlawful. 

Specific Violations by Entities : 1. Charge-Offs by XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX : Charge-offs are considered income under IRS guidelines and can not be reported to consumer reporting agencies. These entities have unlawfully reported charge-offs, violating FCRAs accuracy standards. 
2. Collection Account by XXXX XXXX XXXX ( {$670.00} ) : XXXX XXXX XXXX has failed to validate the alleged debt as required under 15 U.S.C. 1692g, making its reporting unlawful. 
3. Late Payments by XXXX XXXXXXXX XXXX  and Others : The late payments reported by these entities are inaccurate and lack compliance with 15 U.S.C. 1666b and 15 U.S.C. 1637b, both of which mandate proper notification, validation, and consumer protections before adverse reporting. 
Under UCC 3-203, the transfer of an instrument vests the transferee only with the rights of the transferor. If the transferor relinquishes its rights, the transferee can not claim greater rights or continue reporting information to CRAs. I have proof that all these institutions has transferred said accounts from the IRS accepted 1099-C 's. 

Relief Requested : I respectfully request that the CFPB compel these entities and the consumer reporting agencies ( XXXX, Equifax, and XXXX ) to : 1. Delete Charge-Offs : XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX must immediately delete all charge-offs from my consumer reports, as these are considered income under IRS guidelines and are inaccurately reported XXXX 
2. Delete Collection Account : XXXX XXXX XXXX must validate the {$670.00} collection account or delete it from my consumer reports for failure to comply with 15 U.S.C. 1692g. 
3. Delete Late Payments : XXXX XXXXXXXX XXXX and others must delete all late payment information unless substantiated by proper compliance with 15 U.S.C. 1666b and 15 U.S.C. 1637b. 
4. Investigate and Remove Inaccuracies : The CFPB must require consumer reporting agencies to investigate and delete inaccurate information furnished by these entities if they fail to provide verifiable proof of compliance with federal laws. 
5. Provide Written Explanations : Each entity must provide a written explanation of their legal basis for reporting this information, addressing their compliance with 15 U.S.C. 1666b, 15 U.S.C. 1637b, and FCRA. 
Conclusion : The actions of these entities to furnish inaccurate information to consumer reporting agencies have caused significant harm and violate the FCRA, FDCPA, UCC, and IRS guidelines. I request the CFPBs intervention to ensure the immediate deletion of this inaccurate information and to compel these entities to comply with applicable laws. 
Respectfully Submitted, XXXX XXXX