Consumer complaint received 2020-01-05
Company: EQUIFAX, INC.
State: FL
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:
The auto repossession matches credit reporting date of last activity XX/XX/XXXX and still reporting open. Account recently updated XX/XX/XXXX to report erroneous 120 day late paymentsXX/XX/XXXX through XX/XX/XXXX on a closed-repossessed account. I am bringing awareness and screaming for help immediately with the fraudulent practices of this companies victimizing use of the credit reporting agency Equifax reporting an account repossessed 3.7 years ago XX/XX/XXXX can be matched to the last activity date referenced on my credit report however the company did not update the repossession to show it would have reflected an immediate auto loan return not long enough to be a repossession from the company but a voluntary repossession bc the vehicle was not working. Review of the companies overall vehicles sold will demonstrate the same. Review of their property credit reporting would very their first payment defaults are significantly higher compared to other companies and that would bring awareness that it would be because of their products sold. I will not sit down and be victimized by this companies fraudulent use of the Equifax reporting system on repossessed accounts reporting them as open accounts with positive payment stream of payments for years after the date of repossession when there was never an exchange of payment for the vehicle it was repossessed and never discussed to be repaid, never a balance payoff negotiated, never received notice of sale from the resale of the vehicle with a demand for the balance of the payoff is the debt after the voluntary repossession. This company has abused its use of the Equifax credit reporting agency system by manipulating the credit reporting system to demonstrate a different reflection of the companies extension of credit and their overall debt to repayment of their loans actually repaid as they negate to offset any balances and continue to create several open loans on the same vehicles over and over through their constant resell and quick repossessions of their limited vehicles for sale. It appears from review of the handling of my account the second part is to utilize the Equifax credit reporting agency to fluff the credit utilization of loans being paid against the ratio of unpaid loans and loans in first payment default like my loan was. I am bringing awareness to the FDCPA as this account at minimum 3.7 years from the date of the repossession date of resales unknown at minimum to date should reflect in repossession with the repossession date back toXX/XX/XXXX there could be no possibility of the account reflecting 120 day late payments for XX/XX/XXXX through XX/XX/XXXX. Im also bringing awareness that a major credit reporting agency relied upon by Americans nationwide in which Ive also filed several complaints and intend to contact an attorney has allowed the companies fraudulent credit reporting practices to continue year after year through my multiple disputes and contact calls to have this corrected immediately and this companies ability to access my credit reporting revoked for the practices that can clearly be verified w my credit report open date for GFR aka greater financial re XX/XX/XXXX DLA aka close date XX/XX/XXXX. As of XX/XX/XXXXthis company utilized the Equifax reporting system to update a closed repossession first payment default no payments received since inception of the initial {$500.00} with payments made supported by the recent 120 day late payments as of XX/XX/XXXX thru XX/XX/XXXX again as stated I need to emphasize the information was updated to my Equifax credit report XX/XX/XXXX for XX/XX/XXXX-XX/XX/XXXX I identify this credit practice as fraud. Im trying to help another innocent person w challenged credit from being victimized by this company as so many currently are. As a consumer I depend on each agency notified with actions of multiple fraudulent actions taken directly on my Equifax credit report that has majorly effected my quality of life by the recent accounts dragging my scores down significantly and not allowing them to portray the truth of my credit rating as this actions effect has been so significantly damaging to my emotionally Ive needed emotional counseling to handle this. I am asking the FDCPA before I go out to seek legal counsel to review the final investigations and verify if this companies violated any of my rights and what their restitution should be for every account of fraudulent activity for the past XX/XX/XXXX plus months.

Company response to consumer: Closed with explanation