Consumer complaint received 2020-01-30
Company: EQUIFAX, INC.
State: CO
Product: Credit reporting, credit repair services, or other personal consumer reports
Sub-product: Credit reporting
Issue: Problem with a credit reporting company's investigation into an existing problem
Sub-issue: Their investigation did not fix an error on your report

Complaint:
This complaint is regarding XXXX ( Utah XXXX XXXX XXXX XXXX ) XXXX Address XXXX XXXX XXXX XXXX XXXX XXXX, UT XXXX XXXX XXXX, serviced my student loan from XX/XX/XXXXXXXX until I paid the loan off early in XXXX XXXX. I never paid them late. 

In early XXXX XXXXXX/XX/XXXXafter more than 30 days since I had paid off my student loan in full, XXXX was still reporting to XXXX, Equifax and XXXX  that is was an open trade line on my credit report, with a balance. I contacted XXXX on XXXX and was told to call back in another 90 to 180 days if it still shows an open account. 

I then chose on XXXX XXXX XXXX to dispute the account with XX/XX/XXXX, Equifax and XX/XX/XXXXeven providing them the copy of the letter from XXXX ( XXXX XXXX  ) stating my loan was paid and closed. 

On XXXX XXXX XXXX I was notified thru my credit monitoring service that the XXXX account status changed on both my Equifax and XX/XX/XXXXcredit reports. 

It now showed the account was marked as " closed '' but still had a balance of {$2000.00}, that it was 300 month revolving loan, that it was opened in XXXX, and most upsetting it shows there was a late payment of 60 days past due in XX/XX/XXXX. XXXX  and 90 days past due in XX/XX/XXXXXXXX. 

FIRST AND FOREMOST I NEVER, NOT ONCE EVER PAID THIS LOAN LATE. I HAD AN XXXX CREDIT SCORE AND WAS IN THE PROCESS OF BUYING A HOUSE. 

FURTHERMORE EVERY ACCOUNT DETAIL LISTED ON THE XXXX TRADE LINE ON MY CREDIT REPORTS ARE INCORRECT AS FOLLOWS ; 1. ACCOUNT SHOWS BALANCE, WHEN IN FACT MY ACCOUNT IS CLOSED AND WAS PAID OFF. 
2. ACCOUNT SHOWS AS 300 MONTH LOAN, HOWEVER THIS WAS A 120 MONTH LOAN XXXX. ACCOUNT SHOWS I WAS LATE 60 DAYS XX/XX/XXXXXXXX  AND 90 DAYS XX/XX/XXXXXX/XX/2015. I WAS LATE NEITHER OF THOSE MONTHS. INTERESTINGLY ENOUGH XX/XX/XXXXDID NOT EVEN SERVICE THIS LOAN UNTIL XXXX OF XXXX  WHEN THEN BOUGHT OUT XXXX XXXXXX/XX/XXXX. ( I HAVE ALSO CONFIRMED WITH XX/XX/XXXXTHAT ANY PAYMENT TO THEM WE MADE ON TIME ) ** IN REGARDS TO THE XXXX TRADE LINE ON MY CREDIT REPORT, PRIOR TO MY PAYING OFF THE LOAN IT NEVER HAD INCORRECT INFO LISTED. THE BALANCE, TERMS, AMOUNT AND EVERYTHING WAS CORRECT. 

XXXX THE INITAL DISPUTE WAS BECAUSE XXXX FAILED TO UPDATE THE ACCOUNT AND MARK AS PAID AND CLOSED UPON ME PAYING IT OFF **** RATHER THAN CORRECTING IT, THE CHOSE TO FALSELY ADD 2 LATE PAYMENT THAT DID NOT HAPPEN. 

I have contacted XXXX several times via telephone. each representative has told me they system shows it paid closed, at a XX/XX/XXXXbalance and no late payment were ever made. 

XX/XX/XXXX has initiated another dispute, but has indicated they can not correct the issues since the issues is coming from what XXXX is reporting. 

Equifax shows the same information as XX/XX/XXXXdoes, however XX/XX/XXXXdoes not. XX/XX/XXXX is showing correctly with not late payment for XXXX.

Company response to consumer: Closed with non-monetary relief