Consumer complaint received 2021-04-24
Company: Lending Club Corp
State: CA
Product: Credit reporting, credit repair services, or other personal consumer reports
Sub-product: Credit reporting
Issue: Incorrect information on your report
Sub-issue: Account information incorrect

Complaint:
In accordance with the Fair Credit Reporting Act Section 611 ( 15 U.S.C. 1681I ), I am hereby disputing this debt in entirety, due to continuous inaccurate reporting to the 3 reporting agencies. Note, this is not an acknowledgment of liability for this debt in any way or form. I only know of this account based on it being reported in my credit report ( s ). As we both know, I have the right to dispute this account, request for verification, and/or request for validation of this debt.

Please provide validation of the debt by providing all of the following information : Copy of original contractual agreement bearing my signature A clause in the original signed contract that authorizes your company to collect on this debt, if applicable Statement ( s ) from the original debt, itemization of monies owed and final balance.

Copy of bill showing default date, last payment date, charge off and history of payments.

Proof that the debt is valid and collectible and within the statute of limitations Proof that you are licensed to collect in my state of residence Agreement between your company ( if applicable ) and the original creditor that authorizes you to collect on this debt Since I've given you multiple attempts and youre unable to validate the account or any of the information such as balance, past due, date updated, then you are to remove the account completely from my credit reports.

Other reason for CFPB Complaint : Continuous changing of account balance, past due, date updated and other erroneous information on an aging CLOSED CHARGED OFF account. Please see below. 

This account is CLOSED/Charged Off. The account balance, past due is inaccurate and keeps changing, randomly. 
This account has been CLOSED/Charged Off since XX/XX/XXXX. Yet, In the last four months alone ( between XX/XX/XXXX and XXXX XXXX ), on five different dates, the balance/past due on this account changed without any reason or proof whatsoever, first it decreased on XX/XX/XXXX by {$1.00}, in addition to that, a notation was added on the account noting the account as late in XX/XX/XXXX, effectively trying to influence the Account Status as open, causing a significant drop in my credit score. 
After I filed a dispute to XXXX by phone, on XX/XX/XXXX, Lending Club reported new information and a balance decrease of {$800.00}. Then subsequently after the dispute was complete, the balance was reported again by Lending Club, inadvertently, with an increase of {$800.00} on XX/XX/XXXX. 
After I filed a second dispute with XXXX by Certified Mail explicitly asking for debt validation, the balance reported and past due by Lending club decreased again by {$800.00} on XX/XX/XXXX without any details of debt validation. Then I got another credit alert, that Lending Club has reported another increase of {$800.00} on balance and past due on XX/XX/XXXX. Throughout this period of inaccurate reporting, my credit score keeps taking a hit. 
Let me repeat, that this account is CLOSED. I have not communicated with Lending Club in any way since they Closed/Charged off this account inadvertently in XX/XX/XXXX, except through the credit agencies to dispute the account in its entirety. This is a fraudulent attempt by Lending Club to suppress the credit score on an aging account. 
Please also note that this account is due to drop off the credit file completely in XXXX. 
I am now requesting that this item be completely deleted ( expunged ) from my credit report, especially considering the age of this file and the significant inaccuracies that can not be confirmed/validated. I ask that, after the item is completely expunged, a corrected credit profile is supplied to ALL 3 credit agencies and other creditors who have received a copy within the last 6 months, or the last 2 years for employment purposes.

History of Action Recently Taken on Lending Club with 3 Credit Agencies After {$1.00} decrease, on XX/XX/XXXX, filed dispute with XXXX on Lending Club. 
On XX/XX/XXXX, XXXX finished investigation, balance/past due further decreased by {$800.00} ( see attached file ) On XX/XX/XXXX, after observing new file additions, erroneous insertions and a {$800.00} balance/past due increase, sent a certified letter to XXXX, XXXX and XXXX to dispute entire debt, asking for a form of debt validation/verification from Lending Club. 
XXXX received the letter on XX/XX/XXXX XXXX XX/XX/XXXX, XXXX responded with results, balance decreased by {$800.00} and a number of fields were modified, yet there was no further data on debt verification/validation ( see attached file ) XXXX  received the letter on XX/XX/XXXX. 
On XX/XX/XXXX, XXXX  responded with results, a number of fields were modified, yet no debt validation information ( see attached file ) XXXX received the letter on XX/XX/XXXX. 
XXXX did not post a letter with results nor did they do a debt validation

Company response to consumer: Closed with explanation