Consumer complaint received 2023-12-20
Company: Experian Information Solutions Inc.
State: PA
Product: Credit reporting or other personal consumer reports
Sub-product: Credit reporting
Issue: Problem with a company's investigation into an existing problem
Sub-issue: Was not notified of investigation status or results

Complaint:
RE : Inaccurate Reporting Attention : CFPB Customer Complaints Department This letter is to be taken as my formal complaint. The consumer reporting agencies XXXX, Experian and XXXX are reporting inaccurate information on my consumer report, they fail to remove the inaccurate accounts. According to the Fair Credit Reporting Act, Section 611 ( 5 ) ( A ) of the FCRA the consumer reporting agencies are required to promptly DELETE all information that is inaccurate, incomplete, or which can not be verified.

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

There is inaccurate information reporting on my consumer report by furnishers to the bureaus. I would like to point out many inconsistencies and errors that grossly affect and damage my credit scores. I have made them aware of such inaccuracies via letters and by telephone, but they seem to refuse to properly investigate.

Pursuant to Congressional findings and statement of purpose 15 U.S.C. 1681 ( a ) Accuracy and fairness of credit reporting. The Congress makes the following findings : ( 1 ) The banking system is dependent upon fair and accurate credit reporting. Inaccurate credit reports directly impair the efficiency of the banking system, and unfair credit reporting methods undermine the public confidence which is essential to the continued functioning of the banking system. 

How can i have confidence in a system that will blatantly furnish inaccurate information on my consumer report? 
Please review the following information where I show in detail, the inconsistencies that are showing on all three reports. I've also attached a copy of my consumer report with inaccurate information highlighted. 

( XXXX XXXX XXXX ) XXXX # XXXX Errors & inconsistencies found. 
Date open XXXXXXXX XXXX XX/XX/XXXX XXXX XX/XX/XXXX Experian XX/XX/XXXX High credit XXXX Experian : XXXX XXXX : XXXX Date last active XXXX : XX/XX/XXXX Experian : XX/XX/XXXX XXXX : XX/XX/XXXX Date of last payment XXXX XXXX XXXX XX/XX/XXXX Experian : XX/XX/XXXX XXXX Payment XXXX status charged off { XXXX XXXX XXXX } { XXXX } Errors & Inconsistencies Found : { Date Opened are not consistent across bureaus. 

XXXX is reporting XX/XX/XXXX XXXX is reporting XX/XX/XXXX. 
Experian is reporting XX/XX/XXXX. 

Dates for last reported : XXXX XXXX XX/XX/XXXX Experian. XX/XX/XXXX XXXX. XX/XX/XXXX Listed : High Credit amount XXXX is reporting XXXX. 
Experian is reporting. XXXX XXXX is reporting. XXXX Date of last payment : XXXX is reporting XX/XX/XXXX. 
Experian is reporting XX/XX/XXXX. 
XXXX is reporting XX/XX/XXXX. 

Payment status : charged off. 

{ XXXX XXXX XXXX } { XXXX } Errors & Inconsistencies Found : The following errors are reporting differently across the credit bureaus : Date of Last Payment Experian XX/XX/XXXX XXXX XX/XX/XXXX Payment status : charge off. 


( XXXX XXXX ) ( XXXX ) [ Date opened ] XXXX is reporting XX/XX/XXXX. 
XXXX is XX/XX/XXXX. 

High credit : XXXX is reporting XXXX. 
XXXX is reporting XXXX. 

Last reported : XXXX is reporting XX/XX/XXXX. 
XXXX is reporting XX/XX/XXXX. 
Acc status : charged off. 

As you can see the inaccuracies are numerous. There is only ONE source of information, which is the original creditor of this account. How can there be so many inaccuracies between the bureaus with all information coming from the same source??? There is no possible way this account was verified as it has been falsely claimed. 

I'd like to make mention, in addition to the many inconsistencies. 
The accounts in question are also listed as a charged off account. Charged off accounts also known as canceled debt are also certificates of indebtedness, which are in fact income. When a business cancels a debt a 1099c form must be filed with the IRS as gross income. Income is not reported on a consumer reports.

( see attached IRS publication ) Insert from IRS publication regarding canceled debt.

1.Canceled Debts This chapter discusses the tax treatment of canceled debts. General Rules Generally, if a debt for which you are personally liable is forgiven or discharged for less than the full amount owed, the debt is considered canceled in whatever amount it remained unpaid. There are exceptions to this rule, discussed under Exceptions, later. Generally, you must include the canceled debt in your income. However, you may be able to exclude the canceled.

Form 1099-C If you receive a Form 1099-C, that means an applicable entity has reported an identifiable event to the IRS regarding a debt you owe. For information on the reasons an applicable entity files Form 1099-C, see Identifiable event codes, later. Unless you meet one of the exceptions or exclusions discussed later, this canceled debt is ordinary income and must be reported on the appropriate form discussed above.

An applicable entity includes the following.

1. A financial institution.

2. A credit union.

3. Any of the following, its successor, or subunit of one of the following.

a. The Federal Deposit Insurance Corporation ( FDIC ).

b. The Resolution Trust Corporation ( RTC ).

c. The National Credit Union Administration ( NCUA ).

d. Any other federal executive agency, including government corporations, any military department, the U.S.

Postal Service, or the Postal Rate Commission.

4. A corporate subsidiary of a financial institution or credit union ( if the affiliation subjects the subsidiary to federal or state regulation ).

5. A federal government agency, including a department, an agency, a court or court administrative office, or a judicial or legislative instrumentality.

6. Any organization of which lending money is a significant trade or business.

The Bureaus and creditors are in violation of 15 U.S code1681e-Compliance procedures : ( b ) Accuracy of report Whenever a consumer reporting agency prepares a consumer report it shall follow reasonable procedures to assure maximum possible accuracy of the information concerning the individual about whom the report relates.

Income is not a part of the information listed on a consumer report. The accounts in question are completely INACCURATE accounts. They are inaccurate in dates, amounts and the agency is reporting income. which is a violation of U.S code1681a ( i ). Now i have reason to believe the entire account is fraudulent, due to so many inconsistencies and willful violations of the law. U.S code1681a ( i ) ( 2 ) Exclusions. Except as provided in paragraph ( 3 ), the term consumer report does not include ( A ) subject to section 624, any ( i ) report containing information solely as to transactions or experiences between the consumer and the person making the report ; According to the law not even my transaction history should be reported on my consumer report.

Iam a litigious federally protected consumer and this matter needs to be corrected. I fully intend on pursuing litigation in this matter to enforce my rights under the FCRA. I demand the following accounts to be deleted immediately. 


XXXX ) XXXX XXXX XXXX XXXX # XXXX XXXX ) XXXX XXXX XXXX  } { XXXX } XXXX ) XXXX XXXX XXXX  { XXXX } XXXX ) XXXXXXXX XXXX ( XXXX )

Company public response: Company has responded to the consumer and the CFPB and chooses not to provide a public response
Company response to consumer: Closed with explanation