Consumer complaint received 2020-04-14
Company: Experian Information Solutions Inc.
State: CO
Product: Credit reporting, credit repair services, or other personal consumer reports
Sub-product: Credit reporting
Issue: Incorrect information on your report
Sub-issue: Old information reappears or never goes away

Complaint:
There is a fraudulent XXXX account my report. THIS DEBT IS OVER XXXX XXXX XXXX. BY LAW, ANY DEBT OLDER THAN XXXX YEARS MUST BE REMOVED FROM MY CREDIT REPORT. Furthermore, we are in the middle of a national federal emergency and a global pandemic. All student loans, public and private by law must go into administrative forbearance. This loan shouldn't be on my credit report for the following reasons. In XXXX, I was the target of for profit school scam at XXXX XXXX XXXX of Colorado. In XXXX, the CFPB sued XXXX, the so-called XXXX XXXX XXXX. XXXX was the parent company of XXXX XXXX XXXX and so-called XXXX University. XXXX was 40 percent owned by XXXX XXXX. XXXX XXXX is one of the financial institutes that average tax payers like me, were forced pay {$800.00} XXXX dollars to in the bank bailouts of XXXX. It is therefore ABSURD to claim I owe anyone anything because I already paid to bail the banks out in XXXX. XXXX XXXX, XXXX, XXXX, XXXX XXXX XXXX, and Navient are all criminal organizations. I refuse to pay money to a criminal enterprise. It doesn't matter, the debt is 15 years old and can not, by law, appear on my credit report, please remove it immediately. The CFPB sued XXXX XXXX Institutes for XXXX XXXX DOLLARS IN FRAUD. Yet in the settlement in XXXX the US Department of Justice only charged XXXX {$95.00} XXXX, a mere slap on the wrist. No one went to jail, and the company refused to admit any wrongdoing. In addition, XXXX refused to pardon the debts of any students that were swindled into attending this fraudulent institution prior to XXXX. The CFPB found that XXXX XXXX XXXX were deliberately targeting minority and low-income students as part of its recruitment strategy. They made blatant misrepresentations as to the value of their degrees. They did not disclose to students that their grades and degrees were nontransferable because the schools were not properly accredited. They made wildly outlandish claims about how much a graduate would make with one of their degrees, all of which were false. The admissions counselors were actually paid a commission based on the number of students they enrolled. Students were repeatedly encouraged to get themselves into more and more student loan debt so that the school could profit. In my case, the admissions counselor was named XXXX XXXX. XXXX XXXX is a despicable fraud and criminal who manipulated thousands of students into enrolling with the despicable for-profit school scam The XXXX XXXX of Colorado. He lied to my face, and to my parents faces telling us that I would make {$75.00} to {$100.00} XXXX a year with merely an XXXX XXXX. I have a worthless BA from XXXX XXXX XXXX of Colorado and I have never made more than {$45000.00} and that was eight years ago. XXXX XXXX pretended to be my friend and care about my problems and then never spoke to me again once I agreed to enroll. I didn't know at the time he was being paid a commission for getting students to sign up. I received no education at the XXXX XXXX. All of the teachers and students were sleeping together. It was the most ridiculous, most unprofessional environment I've ever seen. Many of the students already knew more about the subjects than the so-called teachers. Teachers were horrifically unqualified yet were being paid {$40.00} an hour for their worthless courses. I was stuck finishing my BA at the XXXX institute because the credits were nontransferable. It was only by my own tremendous effort that I was able to get into XXXX school later because legitimate schools did not recognize my worthless degree from XXXX XXXX XXXX of Colorado. Students and parents who had been swindled launched an online petition against the XXXX for its lousy slap on the wrist settlement in XXXX and demanded debt cancellation for students, like me, who attended the phony schools before XXXX. I was swindled into taking out a loan with criminal organization XXXX when the financial aid office at The XXXX XXXX of Colorado lied to me and said I didn't qualify for federal aid. I faced overwhelming pressure to enter into a private loan contract. I suffer from several XXXX XXXX all legally defined as XXXX under the law. I was forced to sign under duress an adhesion contract under threat of dismissal from the school if I did not. I hated the school and desperately wanted to finish my degree. I did so in only three years. I took on more courses and exhausted myself beyond belief under the false promise I would be making {$75.00} to {$100.00} thousand if I did. The original fraudulent contract I signed under duress at a time when I was not legally lucid to enter into any contract was signed with XXXX XXXX XXXX which later turned into the criminal enterprise known as XXXX. I have fought against XXXX for 15 years and will continue to fight. In XXXX, a massive lawsuit was planned against Navient for {$1.00} XXXX DOLLARS IN FRAUD. At least FIVE STATE ATTORNEY GENERALS JOINED THE LAWSUIT. The State AGs found that XXXX was creating LOANS THAT WERE DESIGNED TO FAIL. In addition, they found that XXXX had SWINDLED US VETERANS OUT OF MILLIONS OF DOLLARS. That same year, XXXX, XXXX University XXXX XXXX launched the Project on Predatory Lending. They sued the US Department of Justice demanding release of the records from the XXXX EDMC settlement. The XXXX refused to release the records in direct VIOLATION OF A FEDERAL COURT ORDER. In addition, in XXXX, XXXX FILED FOR BANKRUPTCY. Let me just give you an idea of how messed up that is. The company that ran a for-profit college scam swindling millions of students and condemning them to a debt sentence gets to file for bankruptcy yet the students who were swindled can not claim student loans in bankruptcy! Before XXXX  filed for bankruptcy it dumped its entire criminal enterprise, the so-called XXXX Institutes, and sold it to a fraudulent religious charity known as the XXXX XXXX in XXXX XXXX. The XXXX XXXX paid {$60.00} XXXX dollars to acquire the worthless fraudulent, criminal enterprise. XXXX XXXX XXXX itself is a criminal organization hiding behind the facade of religious devotion. How did it acquire {$60.00} XXXX dollars in the first place? Isn't that money supposed to be helping the homeless? I repeatedly contacted the so-called XXXX XXXX and demanded immediate debt cancellation and no one responded. Then, in XXXX, XXXX XXXX XXXX XXXX Colorado closed for good. By law, if a school closes I am entitled to full debt relief both public and private. The criminal enterprise known as XXXX XXXX XXXX of Colorado no longer exists. Therefore, I do not owe XXXX, or the XXXX Department of Education a single dime and I demand the immediate removal of this fraudulent, 15 year old debt from my credit report. IF THE DEBT IS OLDER THAN SEVEN YEARS, BY LAW IT MUST BE REMOVED FROM MY CREDIT REPORT! PLEASE REMOVE IT IMMEDIATELY!

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