Consumer complaint received 2024-12-06
Product: Credit reporting or other personal consumer reports — Credit reporting
Issue: Incorrect information on your report — Account status incorrect
Company: BARCLAYS BANK DELAWARE (NY)

Subject : XXXX XXXX Barclays Bank for Improper Debt Reporting and Failure to Issue Form XXXX To Whom It XXXX Concern, I am writing to formally file a complaint against Barclays Bank for their handling of a charged-off account, which includes both their failure to comply with federal reporting laws and their continued reporting of the charged-off debt to credit reporting agencies. 



Summary of XXXX Barclays Bank charged off my credit card account, reflecting a balance of {$5200.00} with {$4300.00} written off. Despite this charge-off, they have : XXXX. Failed to issue Form XXXX ( Cancellation of Debt ) as required by law under Internal Revenue Code ( IRC ) Section XXXX. 

XXXX. Continued to report the charged-off account to credit reporting agencies, effectively treating the debt as both canceled and collectible, which is inconsistent and misleading. 



XXXX Laws XXXX. XXXX XXXX XXXX ( XXXX ) Section XXXX : Requires creditors to issue a Form XXXX to the debtor and the IRS when {$600.00} or more of debt is canceled, XXXX, or deemed uncollectible. Barclays Banks failure to issue this form constitutes a violation of federal tax law. 

XXXX XXXXXXXX XXXX specifies that creditors must issue the form upon events such as a formal charge-off or cessation of collection efforts. 

XXXX. Fair Credit Reporting Act ( FCRA ) : Under 15 U.S.C. 1681s-2, creditors are required to report accurate and consistent information to credit reporting agencies. By continuing to report the charged-off account as a delinquent obligation, Barclays Bank XXXX XXXX misleading information, causing harm to my credit profile. 

XXXX. Unfair or Deceptive Acts and Practices ( XXXX ) : Barclays Banks actions XXXX constitute an unfair or deceptive practice by failing to comply with their legal obligations and simultaneously reporting contradictory information. 



Harm Caused XXXX Credit Reporting Damage : The continued reporting of the charged-off account has negatively impacted my XXXX XXXX and ability to secure credit. 

XXXX. Tax Implications : By not issuing the required XXXX XXXX, Barclays Bank has XXXX the burden of compliance on me, creating confusion about my tax obligations and leaving me at risk of an audit or penalties. 



Requested XXXX I request the following actions : XXXX. Barclays Bank immediately issue the required Form XXXX for the canceled debt of {$4300.00}. 

XXXX. Barclays Bank cease reporting the charged-off account to credit reporting agencies if the debt has been canceled. 

XXXX. The CFPB investigate Barclays Bank for their non-compliance with applicable laws. 

XXXX. Barclays Bank provide written acknowledgment of their errors and ensure compliance with all federal laws moving forward. 



Thank you for your time and attention to this matter. I look forward to a resolution that ensures compliance with federal laws and restores fairness to my financial records. 



Sincerely, XXXX XXXX Please attached screenshot from XXXX XXXX XXXX from latest dispute