Consumer complaint received 2022-06-26
Company: CAPITAL ONE FINANCIAL CORPORATION
State: TX
Product: Debt collection
Sub-product: Credit card debt
Issue: False statements or representation
Sub-issue: Attempted to collect wrong amount

Complaint:
ACCOUNT XXXX  XXXX AMOUNT {$630.00} XXXX are furnishing inaccurate and incorrect information of {$630.00} to the consumer reporting agencies. 
The reporting of such inaccurate information has caused severe damage to my character, my reputation, my reputation, my general mode of living and my ability to obtain credit for personal and household purposes. 

You and your inaccurate reporting have damaged livelihood. 
15 U.S. Code 1681s-2 Responsibilities of furnishers of Information to consumer reporting agencies DUTY OF FURNISHERS OF INFORMATION TO PROVIDE ACCURATE INFORMATION 1. PROHIBITION ( A ) REPORTING INFORMATION WITH ACTUAL KNOWLEDGE OF ERRORS A person 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. 

Duty : a moral or legal obligation, a responsibility Accurate : correct in all details, exact Prohibition : a law or regulation forbidding something 15 U.S. Code 1605 Determination of finance charge. The IRS states IF {$600.00} of DEBT was CANCELED MUST FILE FORM 1099-C. 
Even if you didnt receive a Form 1099-C, you must report canceled debt as a gross income on your tax return. 

The IRS Clearly defines a charge off as Gross or Ordinary income, INCOME DOES NOT GET REPORTED ON THE CONSUMER REPORT which in fact makes your reporting of this account inaccurate. 
By Definition the IRS Clearly says a Cancelled or Charge off is an income. The reporting of this account as a debt is inaccurate. 

15 USC 1681 s-2 Says your Company are a furnisher of information to a consumer reporting agency. 

You ARE PROHIBITED BY LAW to provide inaccurate information. I demand you to Cease and Desist the reporting of incorrect/in accurate information immediately. 

15 U.S.Code 1681s-2 ( a ) ( 1 ) ( A ) A person 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. 

You are hereby put on NOTICE that you are furnishing incorrect information. 

The lender must file Form 1099-C and send you a copy if the debt is canceled and the lender is a financial institution, credit union XXXX federal government agency, or other applicable entity as discussed earlier. 

The above paragraph is taken directly from the IRS publication SEND ME MY FORM 1099-C that you should give to me when you Filed this account as a canceled debt. 
My Address is listed below 15 U.S.Code 1681s-2 ( a ) Duty of furnishers of information to provide accurate information 1 ) Prohibition ( A ) Reporting information with actual knowledge of errors A person 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. 

( B ) Reporting information after notice and confirmation of errors A person shall not furnish information relating to a consumer to any consumer reporting agency if ( i ) the person has been notified by the consumer, at the address specified by the person for such notices, that specific information is inaccurate; and ( ii ) the information is, in fact, inaccurate. 

In conclusion, I have shown you and you have been put on notice that you are reporting inaccurate information. The information is, in fact inaccurate. 

The continued reporting of this information is a clear violation of 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 report. 

Failure to respond to this factory with deletion of the charge off, will result in legal action being taken against your Company for which I will be also seeking {$1000.00} for violations. 

YOU HAVE XXXX CALENDAR DAYS TO DELETE THIS ACCOUNT FROM MY CONSUMER REPORTS! 

15USC 15 SUITS BY PERSONS INJURED DEFAMATION OF CHARACTER NEGLIGENT NON-COMPLIANCE CIVIL LIABILITY MENTAL ANGUISH I will submit a copy of this letter to the IRS, Attorney General, and to Consumer Lawyer XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX, Texas XXXX

Company response to consumer: Closed with explanation