Consumer complaint received 2023-09-14
Company: Bread Financial Holdings, Inc.
State: PA
Product: Credit reporting or other personal consumer reports
Sub-product: Credit reporting
Issue: Improper use of your report
Sub-issue: Reporting company used your report improperly

Complaint:
XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX COMENITY BANKXXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX NOTICE TO AGENT IS NOTICE TO PRINCIPAL NOTICE TO PRINCIPAL IS NOTICE TO AGENT You, COMENITY BANK are furnishing inaccurate and incorrect information to the consumer reporting agencies. 

The reporting of such inaccurate information has caused severe damage to my character, my reputation, my general mode of living and my ability to obtain credit for personal and household purposes. 

You and your inaccurate reporting have damaged my livelihood. 

Under law you have a responsibility of ; 15 U.S. Code 1681s2 - Responsibilities of furnishers of information to consumer reporting agencies. 

( a ) Duty of furnishers of information to provide accurate information ( 1 ) Prohibition ( A ) Reporting information with actual knowledge of errors A person shall not furnish any information relating to a consumer to any consumer reporting agency if the person knows or has reasonable cause to believe that the information is inaccurate Duty : a moral or legal obligation ; a responsibility.

Accurate : correct in all details ; exact. 

Prohibition : a law or regulation forbidding something. 

Furnishers : Companies that supply information about a consumer 's credit history to a credit bureau are called furnishers. These can include banks and credit card companies, debt collectors and others. 

As dened by the The IRS - Even if you didn't receive a Form XXXX, you must report canceled debt as gross income on your tax return. 

The IRS clearly denes a charge-XXXX  as gross or ordinary income, INCOME DOES NOT GET REPORTED ON THE CONSUMER REPORT! - which in fact makes COMENITY BANK reporting of this account inaccurate. 


By Denition the IRS clearly says a Cancelled Debt or Charge-XXXX  is income. The reporting of this account as a debt is in accurate. 


15 USC 1681 s-2 denes you COMENITY BANK are a furnisher of information to a consumer reporting agency. 
You ARE PROHIBITED BY LAW to furnish inaccurate information. I demand you to Cease and Desist the reporting of incorrect and inaccurate information immediately. 


15 USC 1681 s-2 ( a ) ( 1 ) ( A ) A person shall not furnish any information relating to a consumer to any consumer reporting agency if the person knows or has reasonable cause to believe that the information is inaccurate.

You are hereby put on NOTICE that you are furnishing incorrect information.

Please be advised - The lender must le Form XXXX and send you a copy if the amount of debt canceled is {$600.00} or more and the lender is a nancial institution, credit union XXXX federal government agency, or other applicable entity, as discussed earlier in chapter 1. 

The above highlighted/mentioned paragraph is taken directly from the Publication 4681 Cat. No. 51508F Canceled Debts, Foreclosures, Repossessions, and Abandonments ( for Individuals ) SEND ME MY FORM XXXX that you shouldve sent to me when you led this account as a cancelled debt. 

My address is listed below XXXX XXXX XXXX XXXX XXXXXXXX XXXX XXXXXXXX 15 U.S. Code 1681s2 - Responsibilities of furnishers of information to consumer reporting agencies.

( a ) Duty of furnishers of information to provide accurate information ( 1 ) Prohibition ( B ) Reporting information after notice and conrmation of errors A person shall not furnish information relating to a consumer to any consumer reporting agency if ( i ) the person has been notied by the consumer, at the address specied by the person for such notices, that specic information is inaccurate; and ( ii ) the information is, in fact, inaccurate. 

In conclusion, I have provided you with the law which prohibits COMENITY BANK from inaccurate reporting. You have now been put on notice that you are reporting inaccurate information. The information and account is, in fact, inaccurate. 


The continued reporting of this inaccurate information is a clear violation of the Law 15 USC 1681 s-2 of your responsibilities as a furnisher of information along with a violation of IRS tax standards.

You have caused me and my family severe nancial harm due to your negligence and inaccurate reporting. This is a nal opportunity to cure and DELETE this erroneous, inaccurate account from my Consumer credit report. 


You have XXXX calendar days to DELETE THIS ACCOUNT FROM MY CONSUMER AND CREDIT REPORT! 

XXXX XXXX

Company response to consumer: Closed with explanation