Consumer complaint received 2023-09-10
Company: Credit Corp Solutions Inc.
State: UT
Product: Debt collection
Sub-product: Payday loan debt
Issue: Written notification about debt
Sub-issue: Didn't receive notice of right to dispute

Complaint:
Credit Corp Solutions, located in XXXX, Utah, has placed a fraudulent and untrue collection on my credit report. It has a date opened of XX/XX/XXXX and an account update as of XX/XX/XXXX, stating that an original " editor named " ine of credit '' for the amount of {$7900.00}. Before this, I had no active collections on my account and excellent credit. 

Please go to the XXXX XXXX XXXX link for many similar complaints about this illegal Act. 

Here is the link- https : XXXX. 

This is a fraudulent, unethical, and illegal entry ( possibly violating the statute of limitations and re-aging law, but unsure due to lack of documentation provided by the creditor at my request ). I have asked Credit Corp Solutions to provide the contract and all documentation related to this addition to my credit report, and they did not provide the original documentation as requested. As you will see on the XXXX. link, this is a common practice of not providing backup documentation after harming a person 's credit. 

Credit Corp Solution, in XXXX, Utah, is directly violating the FCRA and will be held liable for actual damages and attorney fees. Suppose this potential legal action proves a willful failure to comply with FCRA requirements. In that case, Credit Corp Solutions of XXXX, Utah, will be accountable for all actual or statutory and punitive damages. 

I'm currently in a job search, and these bogus entries violate several FCRA rules and may harm my current application process. 

Credit Corp Solutions , Inc. is a debt buyer formed in Delaware in XXXX. Its business address is XXXX XXXX XXXX XXXX XXXX XXXX, XXXX, UT XXXX. It also goes by the names XXXX Credit, Tasman Credit Corp, and Credit Corp Collections Agency. 

Credit Corp Solutions is in current violation of the following FCRA rules : a ) 1006.26 Collection of time-barred debts. 
THIS VERSION IS THE CURRENT REGULATION Regulation F ( a ) Definitions. For purposes of this section : ( 1 ) Statute of limitations means the period prescribed by applicable law to bring legal action against the consumer to collect a debt.

( 2 ) Time-barred debt means a debt for which the applicable statute of limitations has expired.

( b ) Legal actions and threats of legal actions prohibited. A debt collector must not bring or threaten to bring legal action against a consumer to collect a time-barred debt. This paragraph ( b ) does not apply to proofs of claim filed concerning a bankruptcy proceeding.

b ) 30 ( b ) Prohibition on the sale, transfer for consideration, or placement for co '' lection of '' certain debts.

30 ( b ) ( 1 ) In general. 
1. Transfer for consideration. Section 1006.30 ( b ) ( 1 ) prohibits, among other things, a debt collector from transferring for consideration a debt that has been paid, settled, or discharged in bankruptcy. A debt collector transfers a debt for consideration when the debt collector receives or expects to receive compensation for the transfer of the debt. A debt collector does not transfer a debt for consideration when the debt collector sends information about the debt, as opposed to the debt itself, to another party. For example, a debt collector does not transfer a debt for consideration ; a debt collector sends a file with data about the debt to another person for analytics, " scrubbing, '' or archiving. A debt collector also does not transfer a debt for consideration when the debt collector reports to a credit reporting agency information that a debt has been paid, settled, or discharged in bankruptcy. 

2. Debts resulted from identity theft. Section 615 ( f ) ( 1 ) of the Fair Credit Reporting Act ( 15 U.S.C. 1681m ( f ) ( 1 ) ) states that no person shall sell, transfer for consideration, or place for collection a debt if such person has been notified under section 605B of the Fair Credit Reporting Act ( 15 U.S.C. 1681c-2 ) that the debt has resulted from identity theft. Nothing in 1006.30 ( b ) ( 1 ) alters a debt collector 's obligation to comply with the prohibition outlined in section 615 ( f ) ( 1 ) of the Fair Credit Reporting Act.

30 ( b ) ( 2 ) Exceptions.

30 ( b ) ( 2 ) ( i ) In general.

Paragraph 30 ( b ) ( 2 ) ( i ) ( A ). 
1. In general. Under 1006.30 ( b ) ( 2 ) ( i ) ( A ), a debt collector who is collecting a debt described in 1006.30 ( b ) ( 1 ) may transfer the debt to the debt 's owner. However, unless another exception under 1006.30 ( b ) ( 2 ) applies, the debt collector may not transfer the debt or the right to collect the debt to another entity on behalf of the debt owner c ) Comment for 1026.104 - Relation to Sta '' e Laws THIS VERSION IS THE CURRENT REGULATION Regulation F 1. State law disclosure requirements. The Act and the corresponding provisions of Regulation F do not annul, alter, affect, or exempt any person subject to these requirements from complying with a disclosure requirement under applicable State law that describes additional protections under State law that are not inconsistent with the Act and Regulation F. A disclosure required by State '' law is not inconsistent with the FDCPA or Regulation F if the disclosure describes protection that such law affords any consumer that is greater than the protection provided by the FDCPA or Regulation F. 

Lastly, re-aging is illegal due to FCRA Section 623 ( 5 ) ( A ). This law states : " In general. A person who furnishes information to a consumer reporting agency regarding a delinquent account being placed for collection, charged to profit or loss, or subjected to any similar action shall, not later than 90 days after furnishing the information, notify the agency of the date of delinquency on the account, which shall be the month and year of the commencement of the delinquency on the account that immediately preceded the action. '' For many reasons, re-aging is illegal under the FCRA ( Fair Credit Reporting Act ). In addition, this illegal re-aging allows a collection to remain on my credit reports in perpetuity, but it has recently destroyed my credit and potentially a new job. Under federal and state law, you ( creditor ) must report accurate information to credit bureaus. They have failed to do so in this matter.

In closing, Credit Corp Solutions directly violates several FCRA laws.

Company response to consumer: Closed with explanation