Consumer complaint received 2023-04-20
Company: UNITED SERVICES AUTOMOBILE ASSOCIATION
State: GA
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:
USAA federal savings bank - account # XXXX is in complete and clear violation of my rights as a consumer and The reporting of such inaccurate information has caused severe damage to my character, my reputation, my general mode of living and my ability to obtain credit for personal and house purposes. I already informed them by dispute via certified mail sent on XXXX XXXX XXXX that the charged off account they are reporting is completely inaccurate and needs to be removed from my consumer reports immediately. I showed them that their responsibilities as a furnisher of information shall not furnish any information relating to a consumer to any consumer reporting agency if the person knows or has reasonable cause to believe that the information is inaccurate. ( 15 U.S. Code 1681s2 ( a ) ( 1 ) ( a ) And this Charged off account is inaccurate because according to the IRS publication 2022 " The lender must file Form 1099-C and send you a copy if the amount of debt canceled is {$600.00} or more and the lender is a financial institution, credit union XXXX federal government agency, or other applicable entity as discussed earlier in chapter 1. '' So how can this Charged off debt account be reporting on my credit reports as charged off When the IRS considers charged off/ canceled debt as INCOME which why you must file a 1099c. '' Even if you didn't receive a Form 1099-C, you must report canceled debt as gross income on your tax return unless one of the exceptions or exclusions described later applies. '' " If you receive a Form 1099-C, that means an applicable entity has reported an identifiable event to the IRS regarding a debt you owe. Unless you meet one of the exceptions or exclusions discussed later, this canceled debt is ordinary income and must be reported on the appropriate form discussed above. An applicable entity includes : 1 ) A financial institution, 2 ) A credit union, etc. '' These statements are taken directly from the IRS publication 2022, showing you that you are in fact reporting this account inaccurately on my consumer reports as a charge off debt, when really this is income and you were supposed to send me a 1099C so that this could be filed on a tax return. 

I even showed them there are violating my rights to opt out of them reporting this account to the credit reporting agencies pursuant to 15 U.S. Code 6802 ( B ). Which states that I must receive 3 disclosures when doing a credit transaction like a auto loan which 1 of the disclosures allows me to opt out of the reporting of this account to the credit reporting agencies and how exactly I excersise this right to that non disclosure option.I NEVER RECEIVED nor did I SIGN any disclosures for opting out of the reporting of my non public information to a nonaffiliated third party. This is a clear violation of 15 U.S. Code 6802 ( B ) and I am requesting all of my disclosures pursuant to 15 USC 6802 B that you should have conspicuously disclose to me before reporting of my nonpublic personal information to nonaffiliated third parties ( XXXX, XXXX, XXXX ), I am exercising my right to opt out of having my information reported pursuant to 15 USC 6802 B. I'm demanding you to Cease and Desist the reporting of incorrect/inaccurate information immediately and to send me my 1099c so that this income can be filed on my tax return. In conclusion I have shown you and you have been put on notice that you are reporting inaccurate information and obstructing my right to privacy. The information is, in fact, inaccurate.The continued reporting of this inaccurate information is a clear violation of the Law 15 USC 1681 s-2 of your responsibilities as a furnisher of information. You have caused me and my family severe harm due to your negligence and inaccurate reporting. This Is a final opportunity to Cure and DELETE This Erroneous, Inaccurate account from my Consumer reports. I will not hesitate to file litigation for monetary damages for your continuing and willful noncompliance as well as you complete disregard for my consumer rights which you have multiple upon multiple of violations of. I have attached the dispute as well as the image of when they received my dispute via certified mail and it doesnt look like they have planned on responding to my dispute that was received on the XXXX of XXXX.

Company public response: Company believes it acted appropriately as authorized by contract or law
Company response to consumer: Closed with explanation