Consumer complaint received 2021-01-12
Company: EQUIFAX, INC.
State: VA
Product: Credit reporting, credit repair services, or other personal consumer reports
Sub-product: Credit reporting
Issue: Problem with a credit reporting company's investigation into an existing problem
Sub-issue: Their investigation did not fix an error on your report

Complaint:
Account status incorrect ( showing open account as closed, showing delinquent account when it's not ) ~prevent re-aging - ( inaccurately changing the date of first delinquency on a consumers account to a later date ) and duplicative reporting, particularly following portfolio acquisitions or sales, mergers, and other transfers ; and~ Equifax is STILL reporting on 7 year old debt with a XXXX $ balance left on the account. 
According to the FCRA and the FTC and a negative account is removed from the first DATE OF LAST DELINQUENCY and NOT the DATE OF LAST ACTIVITY. 

XXXX  is STILL reporting on 7 year old debt with a XXXX $ balance left on the account. 
According to the FCRA and the FTC and a negative account is removed from the first DATE OF LAST DELINQUENCY and NOT the DATE OF LAST ACTIVITY. 

XXXX  is STILL reporting on 7 year old debt with a XXXX $ balance left on the account. 
According to the FCRA and the FTC and a negative account is removed from the first DATE OF LAST DELINQUENCY and NOT the DATE OF LAST ACTIVITY. 

EQUIFAX has re-aged the debt. Using the DATE OF LAST ACTIVITY instead of DATE OF LAST DELINQUENCY. 

The DATE OF LAST ACTIVITY being reporting is XX/XX/XXXX The DATE OF LAST ACTIVITY being reporting is XX/XX/XXXX The DATE OF LAST ACTIVITY being reporting is XX/XX/XXXX The DATE OF LAST DELINQUENCY is being reporting XX/XX/XXXX This ACCOUNT was closed ( DUE ) DELINQUENCY in XX/XX/XXXX. 
This ACCOUNT has been closed for over 8 years for DELINQUENCY. 

The DATE OF LAST ACTIVITY would cause this account to not be removed according to FCRA and FTE until XX/XX/XXXX. Extending the life of the NEGATIVE information my credit report which is causing GREAT distress. 

XXXX XXXX and XXXX XXXX , Plaintiffs-Appellants, v. 
EQUIFAX INFORMATION SERVICES , L.L.C., Defendant-Appellee.~ Equifax has not provided an explanation for why it posts both positive payment information and negative delinquency data within the Date of Last Activity field. Even more damning to Equifax is the fact that the field immediately next to the Date of Last Activity is a field labeled " Date Maj. Dlqu. Rptd. '' Equifax defines the Date Maj. Dlqu. Rptd. field as " the date the first major delinquency was reported. '' Although the Date Maj. Dlqu. Rptd. field appears to be available for use on Equifax 's form, it remains blank on the disclosures provided to the plaintiffs pursuant to 1681g ( a ) ( 1 ). 


Delinquent Accounts When you refer an account for collection and notify a CRA that you have done so, you also must report the date of delinquency to the CRA within 90 days. The date of delinquency is the month and year the consumer 's delinquency resulting in the referral began, see the examples below. FCRA 623 ( a ) ( 5 ) ( A ) If you are a debt collector furnishing information to a CRA about the accounts of a creditor, you must report the date of delinquency given to you by the creditor. FCRA 623 ( a ) ( 5 ) ( A ) This " date of delinquency '' determines how long the debt can be reported on a consumer 's credit report. Generally, a CRA may report a delinquent debt for seven years from the date of delinquency. If the debt was discharged in bankruptcy, however, a CRA may report it for 10 years. 

If the creditor didnt report the date of delinquency, you have two options : You may establish and follow reasonable procedures to determine the date from the original creditor or another reliable source, or If you cant determine the date, you may establish and follow reasonable procedures to ensure that the reported date of delinquency is a date before the account was referred to collection or charged off. FCRA 623 ( a ) ( 5 ) ( B )

Company response to consumer: Closed with explanation