Consumer complaint received 2021-09-19
Company: EQUIFAX, INC.
State: GA
Product: Credit reporting, credit repair services, or other personal consumer reports
Sub-product: Credit reporting
Issue: Incorrect information on your report
Sub-issue: Account information incorrect

Complaint:
I, the consumer, natural person, and original creditor, entered into a consumer credit transaction with XXXX with my open-ended credit plan. XXXX alleged that I have an alleged unpaid obligation to them and then charged off and closed the credit account. There is no law underlie the Truth in Lending ( TILA ) or Fair Credit Reporting Act ( FCRA ) that states anything about late payments in connection to an open-ended credit plan. According to Federal law false and misleading information, such as billing amounts that are wrong constitutes Federal violation. I submitted a dispute with XXXX, XXXX, and Equifax to correct incorrect information on my consumer report regarding this charge off that also has a balance. An account can not have a balance if it is charged off. After completion of the dispute, the information is still inaccurate and a violation of the law and needs to be removed. 
Listed are some facts about what banks can do : - 12 USC 1431 Powers and duties of banks - banks can only borrow money, accept deposits and purchase securities. Nowhere does it state banks extend credit or loan money.

- 15 USC 1692a ( 5 ) - The definition of the term debt is an alleged obligation to pay - 18 USC 8- The term obligation or other security of The United States includes all bonds, certificates of indebtedness, national bank currency , Federal Reserve notes, Federal Reserve bank notes, coupons, United Statesnotes, Treasury notes, gold certificates, silver certificates, fractional notes, certificates of deposit, bills, checks, or drafts for money, drawn by or upon authorized officers of theUnited States, stamps and other representatives of value, of whatever denomination, issued under any Act ofCongress meaning the United States assumes all obligations.

- 12 USC 1435 - Obligations are lawful investments and securities Furthermore, 15 USC 1602 states an account can not be closed without the original creditor 's written consent. As stated above, all obligations are the responsibility of the United States, yet XXXX is attempting to collect on an alleged debt while also harming my creditability and reputation on my consumer report which is a violation of 15 USC 1692d ( 1 ). They have continued to report this alleged debt as a charge off on my consumer report over the last year with no proof of validation. ( See Exhibit A and B ).

Furthermore, listed below are additional violations by XXXX  and credit reporting agencies : - 15 USC 1681b - I did not give XXXX  or any credit reporting agency approval to report on me- 15 USC 1692 ( e ) - 15 USC 1692b ( 2 ) - XXXX  has sent numerous statements stating I owe a debt - 15 USC 1692b ( 3 ) - XXXX  can not communicate without my consent - 15 USC 1692e ( 9 ) - XXXX  stated they are the original creditor which is false as banks can not extend credit - 15 USC 1692e ( 2 ) ( A ) - false representation of debt allegedly owed - 15 USC 1692e ( 10 ) - false and deceptive means to collect a debt - 15 USC 1692d ( 1 ) - my reputation and creditworthiness has been attacked because of an alleged debt - 15 USC 1692f - unfair practices attempting to collect a debt - 15 USC 1681a ( e ) - every credit reporting agency had to do an investigative consumer report upon dispute which includes interviewing family and friends. None of this was done.

I am requesting all debt collectors and credit reporting agencies to promptly remove all alleged, indirect, and unverified debt.

Company response to consumer: Closed with explanation