Consumer complaint received 2023-02-22
Company: Experian Information Solutions Inc.
State: MD
Product: Credit reporting, credit repair services, or other personal consumer reports
Sub-product: Credit reporting
Issue: Incorrect information on your report
Sub-issue: Account status incorrect

Complaint:
I have requested several times that these item should be reported as Settled, Closed and Discharged from the reporting of the following banking institutions XXXX XXXX XXXX XXXX, XXXX XXXX XXXX and XXXX XXXX XXXX XXXX XXXX XXXX, XXXXDept of Ed XXXX XXXX XXXX XXXX , and XXXX XXXX XXXX from my credit report and ask numerous times via telephone communication to correct or remove these items from my report.. As of this date, you have failed to respond to my request. The law stipulates that you must investigate within 30 days of receiving my communication and respond within 5 days of completing your investigation. You have not followed the stipulations of the law. I have suffered damages because I need to rely on an accurate and complete statement of my credit record and demand that you remove the disputed items from my report immediately as you failed to comply with the law. Otherwise, I will contact the Federal Trade Commission and advise them of your apparent disregard for consumer protection laws. 

Reason for Deletion : NOTICE OF DISHONOR UCC 3-503 ( a ) The obligation of an indorser stated in Section 3-415 ( a ) and the obligation of a drawer stated in Section 3-414 ( d ) may not be enforced unless ( i ) the indorser or drawer is given notice of dishonor of the instrument complying with this section or ( in ) notice of dishonor is excused under Section 3-504 ( b ). ( b ) Notice of discharge may be given by any person, may be given by any commercially reasonable means, including an oral, written, or electronic communication, and is sufficient if it reasonably identifies the instrument, and indicates that the instrument has been dishonored, or has not been paid or accepted. Return of an instrument given to a bank for collection is sufficient notice of dishonor. ( c ) Subject to Section 3-504 ( c ), with respect to an instrument taken for collection by a collecting bank, notice of dishonor must be given ( i ) by the bank before midnight of the next banking day following the banking day on which the bank receives notice of dishonor of the instrument, or ( li ) by any other person within 30 days following the day on which the person receives notice of dishonor. With respect to any other instrument, notice of dishonor must be given within 30 days following the day on which dishonor occurs. 

LENDING IS FRAUD The Courts are " kangaroo courts '' because they don't tell the truth about lending or recognize the truth. XXXX XXXX, Superintendent, Department of Banks and Banking, State of Maine, said on XXXXXXXX XXXX XXXX, " A commercial bank is able to make a loan by simply creating a new demand deposit ( so called checkbook money ) through bookkeeping entry. '' This is in total contradiction to what the courts have said. Yet, that is exactly how the banks create the money to loan to its customers or to buy government Bonds. ***Thus, our national circulating medium is now at the mercy of loan transactions of banks, which lend, not money, but promises to supply money they do not possess. '' XXXX XXXX XXXX XXXX XXXX XXXX President of the XXXX XXXX XXXX during the XXXX & second richest man in XXXX XXXX XXXX '' Banking was conceived in iniquity and was born in sin. The bankers own the earth. Take it away from them, but leave them the power to create deposits, and with the lick of the pen they will create enough deposits to buy it back again. However, take that away from them, and all great fortunes like mine will disappear. And they ought to disappear, for this

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