Consumer complaint received 2023-05-11
Company: EQUIFAX, INC.
State: PA
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:
The XXXX points were removed from my credit score last year and have still not been reinstated. 

Equifax removed XXXX points from my credit score last year due to false reporting by XXXX regarding my Federal Student Aid Loans. 

I signed a XXXX XXXX note in XXXX for XXXX loans held by the Department of Education. 

The FSAL Promissory Note is only Valid for 10 years. Promissory Notes are not Valid for the life of the signer. 

Each State has a limitation on the years a Promissory Note is valid. The limit of validity is 3 - 15 years and the only State that is 15 years is Kentucky. I was living in VA when I signed the Promissory note and that limit is 6 years. 

The Promissory note was invalid after 3 days it was signed because there is no specified time on the Promissory Note to repay the debt. 

The FSAL Promissory Note was XXXX XXXX XXXX in XXXX of XXXX and invalid after that time. XXXX did not acquire the XXXX until XXXX of XXXX XXXX months passed the date the FSAL Promissory Note was invalid from ACS. 

The Department of Education in XXXX informed me the Promissory Note I signed in XXXX was scheduled to close in XXXX, XXXX did not close the Promissory Note and instead the Promissory Note was acquired by XXXX XXXX months after it was invalid. 

Monthly payments will be either XXXX or XXXX percent of discretionary income ( depending on when you received your first loans ), but never more than you would have paid under the XXXX Standard Repayment XXXX XXXX Payments are recalculated each year and are based on your updated income and family size. XXXX has my monthly payments scheduled for over XXXX for an invalid Promissory Note. 

The Promissory Note lists XXXX loans. XXXX added XXXX XXXX XXXX loans from XXXX, that were not included in the consolidation loan of XXXX because, they were cancelled in XXXX, never disbursed and are XXXX dollar value to my XXXX Account in XX/XX/XXXX. The XXXX loans, added to my XXXX account did not exist after the loans were cancelled in XXXX of XXXX and there is no way the two cancelled loans can be resurrected in XXXX, with an additional extra consolidated loan, with no promissory note, added to my XXXX account. XXXX has been reporting on my XXXX Account since XXXX there are 17 loans not 14 loans which is an outright lie! There is one invalid Promissory Note from XXXX which no judgement can be put against. The Department of Education, XXXX and the XXXX XXXX in XXXX are playing tag not it and pretending nothing is wrong. It is beginning to seem the entire Federal Student Aid Loan Program is illegal and unconstitutional. The Department of Education has a discretionary XXXX XXXX dollar budget. What black hole is all that tax payer money being funneled to? It's not the American broken down school system, it's not XXXX relief ; it's not towards freedom of speech and stopping book bans in schools, its not free University tuition, ect. Where is all that money being funneled to? 

Reinstate my XXXX points to my Credit Score now!

Company response to consumer: Closed with explanation