Consumer complaint received 2016-02-09
Company: Experian Information Solutions Inc.
State: WA
Product: Credit reporting
Issue: Incorrect information on credit report
Sub-issue: Information is not mine

Complaint:
XXXX Historical Narrative - The Credit card account in question is issued to XXXX but XXXX is listing me liable individually ( XXXX ) XXXX was a XXXX Company registered and operating in XXXX XXXX. They formed a wholly owned U.S. based subsidiary call XXXX XXXX , XXXX, which was based out of XXXX, WA. 
Company Headquarters were based in XXXX and all manufacturing of products took place in XXXX. XXXX specialized in making Composite Baseball & Softball Bats to be sold to the Retail markets worldwide. XXXX Operations were to house Sales and distribution functions. 
XXXX, a US citizen purchased a XXXX % Equity share of the Parent XXXX Company XX/XX/XXXX. His ownership share of XXXX % also translated to the wholly owned US subsidiary. 
XXXX also owns a US Based Construction company based in XXXX, WA. called XXXX. I have been employed as the CFO of XXXX for a period of 19 years. Working for XXXX is how I because involved in assisting and supporting some of the US based XXXX operations. 
I have never been an employee of XXXX XXXX or had any ownership interest in the company. 
I have never received any compensation from XXXX for services rendered. My tax returns are available for review to illustrate no compensation was ever paid by XXXX XXXX to XXXX. 
XXXX maintained a List of Outside salesmen ( fluctuated between XXXX-XXXX at times ) who were paid by XXXX and who were also given Credit cards for use on Company Expenses. It was a Business account established with XXXX Card services and had a credit limit of {$50000.00}. I assisted the staff of XXXX XXXX in setting up the account as a favor because of the fact my employer, XXXX owned XXXX % of the Company. 
All charges incurred were paid in full on a monthly basis and all payments were made with Company funds issued thru Company ( XXXX XXXX ) checks. Payments were all made with company checks and company funds, I never made a single payment to the account XXXX began experiencing financial difficulties and was having severe cash flow constraints so it stopped making payments on the XXXX XXXX CC Business account. Eventually Credit was cut off when the credit limit was exceeded and no payments were being made. 
XXXX Bank, XXXX XXXX, forced the company in receivership and ultimately Bankruptcy in Both XXXX and US Courts. All Company assets were liquidated and available proceeds divided among the secured creditors. 
XXXX Card services was an unsecured creditor and was owed a total of {$71000.00} at Final recording of the Bankruptcy Proceedings. 
XXXX Card services reported the charge off of the debt on my personal credit report in error and has refused to remove it in spite of repeated requests. 
Again, XXXX was never an employee of XXXX, was never paid by XXXX XXXX and never owned any interest in XXXX. The Business Credit card account listed multiple card holders and the debt was discharged in Federal Bankruptcy court as a matter of the Receivership of XXXX. 

I have retained an Attorney to help me dispute the information being reported incorrectly to the XXXX major credit reporting bureaus. A demand was made XX/XX/XXXX for them to produce records that support the debt as belonging to me and they have failed to do so and have now reported the debt as discharged to the IRS which will force me to pay income tax on someone else 's debt. I would also mention again that the card belonged to a business that discharged the debt in bankruptcy. I have made repeated attempts to have XXXX provide proof that the debts are mine individually and they have refused because there is no evidence that they are mine individually. They belong to a company ( XXXX XXXX ) that had the debt discharged in formal bankruptcy proceedings and filings

Company public response: Company has responded to the consumer and the CFPB and chooses not to provide a public response
Company response to consumer: Closed with explanation