Consumer complaint received 2018-04-03
Company: Lending Club Corp
State: NC
Product: Payday loan, title loan, or personal loan
Sub-product: Installment loan
Issue: Incorrect information on your report
Sub-issue: Account information incorrect

Complaint:
I have reached out to Lending Club via certified letter to rectify errors and discrepancies being reported on my personal credit report that Lending Club is reporting. On XX/XX/XXXX, a letter certified letter was sent to Lending Club formally to make the company aware of my formal notice my certified letter was received/signed for on XX/XX/XXXX. In my letter I requested information to be provided for validations made pursuant to the Fair Debt Collection Practices Act and the Fair Credit Reporting Act. A response was received from Lending Club, however as when I pulled my personal credit, on the 31st day from when Lending Club received my certified letter. The company failed to and DID NOT furnish the credit bureaus with the required disclosure, with the period as required by law. Lending Club is required by federal law to place a " notice of dispute '' on my account within 30 days of my dispute, which they signed for on XX/XX/XXXX. This clearly shows that they have violated the Fair Credit Reporting Act, Section 623 ( a ) ( 3 ) and also the Fair Debt Collections Practices Act Section 807 ( 8 ) by not placing the disclosure within the required 30-day period. I therefore then notified Lending Club of this federal law violation in XX/XX/XXXX. Clearly the information being portrayed on my report is inaccurate. I then sent a follow-up letter on XX/XX/XXXX as  a goodwill gesture to allow Lending Club to remove this item as they have violated federal law by not properly providing the credit bureaus with proper notice within the required timeframe, and I have the evidence of such, via certified mail receipts, Lending Club MUST NOW remove the items. I remind you again that this is clearly a violation of FCRA 623 ( a ) ( 3 ) - Responsibilities of furnishers of information to consumer reporting agencies [ 15 U.S.C. 1681s-2 ] ( 3 ) Duty to provide notice of dispute. If the completeness or accuracy of any information furnished by any person to any consumer reporting agency is disputed to such person by a consumer, the person may not furnish the information to any consumer reporting agency without notice that such information is disputed by the consumer.

( B ) Time of Notice ( I ) The notice required under subparagraph ( A ) shall be provided to the customer prior to, or no later than 30 days after, furnishing the negative information to a consumer reporting agency described in section 603 ( p ).

I have sent letters which are included as attachments. The actions that Lending Club must do now is remove these negative items on my credit report from all the credit reporting agencies including but not limited to ( XXXX, XXXX, XXXX, and XXXX ). This is the action that the company must do since Lending Club has violated federal law. I remind you that I have yet to receive a response from the company to validate the information they are reporting as they are required to by Federal Law.

Company response to consumer: Closed with non-monetary relief