Consumer complaint received 2018-02-07
Company: EQUIFAX, INC.
State: NJ
Product: Credit reporting, credit repair services, or other personal consumer reports
Sub-product: Credit reporting
Issue: Incorrect information on your report
Sub-issue: Public record information inaccurate

Complaint:
Gentlemen, A brief description of our case is about unknowingly .entering into a fraudulent business agreement with a private financial consultant firm, XXXX XXXX XXXX XXXX XXXX XXXX . Later during the business process suspicion turned into reality when specific and or nonperformance of contract, & the preparation of the Family Office, the Investments, wire transfer fraud, unauthorized credit cards purchases, then finally the theft of two vehicles, computer and office equipment, Security Instruments, and other personal property. ( Which have been documented with the XXXX XXXX Police dept. and the XXXX County Prosecutors Office, ( Certain theft items Still not recovered ) For the past year we, have been corresponding, with the 3 credit reporting bureaus since XX/XX/XXXX, and also with the Financial, & insurance companies, and paying minimum on approx. 22 credit cards. 
Due to credit reporting Companies acting in bad faith. This action by XXXX XXXX, XXXX  , & Equfax, has caused great hardship to me and my family.This has caused undo emotional stress and a horrible financial burden and mental duress on me and my whole family. 

We still are continuing as recently as XX/XX/XXXX relentlessly with letters to the 3 credit bureaus and to the financial companies involved to reopen the accounts, restoring the credit limits, removing the fraud charges, removing the erroneous derogatory credit notes on my and my wife 's credit reports. But to no avail the 3 Credit Bureaus not responding about the erroneous derogatory information is still reported on credit reports, by the 3 Credit Bureaus and keeping our FICO scores down, even though we've been completing all of their forms, letters of dispute and submitting to them all the records as they requested about the incident .However the 3 Credit reporting Bureaus, theyre steadfast with their low credit score ( s ) that they keep reporting every single month since the fall of XX/XX/XXXX and are silent of the their erroneous reporting and have been acquiescence to that fact To date. 

The 3 credit reporting Bureaus are again also acting in bad faith when requested are negligent to facilitate the theft claim. 
Although since the fall of XX/XX/XXXX, we have hired a credit repair expert XXXX XXXX to help us mitigate the damage ( that snow balled lack of participation ) the 3 credit reporting Bureaus and the they have had no positive effect on our credit score and reports. After spending over $ 3,000.Dollars in fees. The FICO scores for XXXX and XXXX were XXXX, & XXXX, prior to the fraud to XXXX & XXXX today. 
Summary of issues : 1 ) Theft of 2 SUV vehicles he 3 credit reporting Bureaus act in bad faith publish notice of repossession and other derogatory information action contributed to low FICO scores. Which in fact it was an Fraud and Theft. The Low FICO scores snowball to credit cards and credit lines reduced or canceled credit cards, & then interest rates go up on balances. 
2 ) Wire Fraud {$50000.00}. 
3 ) Credit Card Fraud, {$230000.00} ( certain credit card companies denied fraud charges ) 4 ) Identity Thefts 5 ) Security Instruments Fraud and theft 6 ) Computer and Office Equipment 7 ) Credit card companies closing accounts ( 3 Credit Bureaus contributed to the low FICO scores ) 8 ) Certain Credit card companies denied fraud charges ( 3 Credit Bureaus contributed to derogatory inaccurate information ) 9 ) Credit card companies lowering or removing available credit limits 3 Credit Bureaus contributed to the low FICO scores ) action contributed to snowball to credit cards. lines on several credit cards, Thus changing the balance to credit limit, & credit cards closures and drastically reducing available credit and then raising the interest rate on the balance due. ( XXXX Banking Penalties on consumer loans ) 10 ) The three Credit Bureau are steadfast in maintaining their derogatory postings on the three national credit reports. 3 Credit Bureaus contributed to action contributed to low FICO scores.The Low FICO scores snowball to credit cards 11 ) 3 Credit Bureaus contributed : The erroneous status of the credit reporting bureaus records is preventing me and my wife from obtaining necessary financing, causing a Hardship on me and my family.

Company response to consumer: Closed with explanation